Trabzon Panorama Residences
Trabzon, Turkey
Trabzon Panorama Residences is a centrally-located residential and mixed-use development offering 72 apartments and ground-level commercial units just minutes from the sea and key government institutions. With a zoning ratio of 1.2 and a land-for-construction (kat karşılığı) deal granting the contractor 35% of the output, it provides a highly attractive investment opportunity with strong profitability in Trabzon’s growing urban core.
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Trabzon Panorama Residences is a mid-rise residential and commercial development in central Trabzon, located on a rare, unobstructed plot within walking distance of all essential amenities—Meydan Square, government offices, public hospitals, and the coastline.
The project includes approximately 72 apartments spread across three blocks (A, B, C), with ground-floor commercial shops in the road-facing block, ensuring excellent foot traffic for retail or restaurant spaces. With a construction area of ~7,200 m² and a zoning ratio (emsal) of 1.2, the project is optimized for both density and comfort.
The land is developed under a kat karşılığı model, where the contractor receives 35% of the total units (about 25 apartments), eliminating land acquisition costs and boosting ROI. With construction costs estimated at $5.45M USD and gross revenue potential between $10.9M and $12M USD, the project offers an exceptionally strong gross return margin over a 2–2.5 year cycle.
Its location, sea access, open views, and commercial zoning make Trabzon Panorama Residences a compelling, high-return real estate development, suitable for both local developers and international investors seeking strong value in the Turkish property market.
📍 Location:
City: Trabzon, Turkey
District: Central Trabzon
Proximity:
10-minute walk to Meydan Square
10-minute walk to Hükûmet Konağı (Governor’s Office)
15-minute walk or 5-minute drive to State Hospitals
5-minute walk to the Black Sea coastline
Open view, no building obstruction risk
Road-facing commercial units on ground level
💰 Cost:
Total Construction Area: ~7,200 m²
Cost per m²: 25,000 TL ≈ $760 USD/m²
Total Construction Cost: ≈ $5.45 Million USD
💵 Revenue:
Sales Price per m²: 50,000–55,000 TL ≈ $1,515–$1,665 USD/m²
Estimated Gross Revenue:
Minimum: ~$10.9 Million USD
Maximum: ~$12.0 Million USD
⏳ Return Period:
Construction Duration: 16–20 months
Sales Period: 6–8 months
Total Estimated Cycle: 24–28 months
Power in Numbers
$5.45 Million USD
Cost
$12.0 Million USD
Revenue
2 - 3 Years
Return Period
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