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Turkey's TOKİ housing project: Delivery dates announced for 500,000 social units

Turkey's TOKİ housing project: Delivery dates announced for 500,000 social units

From Cumhuriyet · () Turkish

Translated from Turkish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Turkey's housing authority TOKİ has largely completed the lottery process for its 500,000 social housing units across 81 provinces.
  • Housing delivery is expected to begin within two years of foundation laying, with Istanbul units anticipated for delivery starting in March 2027.
  • Installment payments for the social housing units will commence the month after the contract is signed.

Following the completion of its lottery process for 500,000 social housing units nationwide, Turkey's housing authority TOKİ is now focusing on the delivery timeline. Citizens who have successfully secured a unit are eager to know when they can move in.

Environment, Urbanization and Climate Change Minister Murat Kurum announced the delivery schedule. He stated that construction will be completed and homes handed over within a maximum of two years after the foundations are laid. This timeline indicates that TOKİ units in Istanbul are expected to be delivered starting in March 2027, continuing into early 2028.

For those who have secured a home, the next step involves understanding the payment structure. TOKİ has clarified that installment payments for the 500,000 social housing units will begin the month following the signing of the purchase contract. This provides a clear financial roadmap for future homeowners.

DistantNews Editorial

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.