Just launched at the start of 2021 comes a new and exciting project from the longest-established developer in Georgia.  The company was established in 1989 and, over the past thirty years, the company has constructed many landmark projects across Georgia including the Galleria Mall, Hilton Hotel, the new Kutaisi airport plus many, many more government buildings and infrastructure project.  Park Home Saburtalo is the sister project of Park Home Vake, which was launched at the start of 2020.

The new project is located in the popular area of Saburtalo, which is home to a large percentage of the expat community in Tbilisi and also contains many of Tbilisi’s universities.  Located on a large plot which gives the project extensive green areas, Park Home Saburtalo is located some 30m up from Nutsubidze Street, which means that the location is quiet and also gives many apartments beautiful views over Saburtalo to Mtatsaminda Hill beyond.  Conveniently, Delisi Metro is just 300m from the project, while the new City Mall is less than 15 minutes’ walk from the project.

Completing in Spring 2024, Park Home Saburtalo contains a total of 210 apartment spread over 29 floors including parking floors and common areas.  Residential floors start from the eighth storey, which means that even the lowest floors still offer excellent views.  In terms of facilities on offer here, Park Home Saburtalo is hard to beat.  As well as the secured green areas which include a children’s playground area, five-a-side football/basketball court, the project includes a 25m indoor swimming pool with a separate children’s area and an indoor fitness centre.  There will also be a receptionist on-duty during working hours, with security guards on-site 24/7.  Parking is also available for an additional cost of $12,000 per space.

There is a good selection of apartment sizes to choose from here.  Those looking for one-bedroom apartments get to choose from seven different sizes and layouts per floor, starting from an affordable 42.6m2 apartment, going up to a larger 52.5m2 size.  There are two sizes of two-bedroom apartment to choose from – either 80.4m2 or 88.9m2.  Those looking for three-bedroom options have three sizes to choose from – either 100.4m2, 122m2 or 142.2m2.

Prices at Park Home Saburtalo depend on both the floor and the views from the apartment, starting at $1513 per m2 and going up to $2300 per m2 for the penthouse apartments.  Unusually for Tbilisi where the norm is for apartment to be supplied on a ‘white frame’ basis, which means that the apartment comes with bare concrete walls, floors, ceilings, etc., all apartments at Park Home Saburtalo come fully finished, including a fully fitted kitchen plus appliances.  So, when comparing with other projects, buyers should deduct the standard $300 per m2 for finishing, plus an additional $1500 for the fitted kitchen.

Having been launched fairly recently, Park Home Saburtalo is an ideal option for anyone looking to spread their payments over a long period.  The payment plan here is just 20% upon contract, 30% over the course of the build in equal monthly installments, with 50% due only upon completion of the project in July 2023.  Buyers who are able to pay 100% on contract can enjoy an attractive discount.

With projects featuring all of the facilities that Park Home Saburtalo offers – including the large indoor swimming pool and fitness centre – together with the close proximity to Delisi Metro and City Mall, Park Home Saburtalo is an excellent choice for buyers who are able to wait until July 2023 for completion.

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