Prague 9 under construction: Another 1,500 apartments have started to be built here
The ceremonial laying of the foundation stone of the project, whose company is Central Group, took place on the first day of summer and thus officially started the construction of a new residential district, under whose form the LOXIA studio is signed in addition to the developer’s architectural team. The handwriting of this studio bears the number of developer housing projects that have sprung up all over Prague in the past two decades. For all already completed, we can name the nearby Nad Rokytkou residential complex, Rezidenci Kajetánka in Prague 6, apartment buildings in the U Cukrovaru project in Modřany or the Nové Chabry residential district in Prague 8.
The transformation will be gradual
The fallow brownfield, bounded by U Elektry and Poděbradská streets at the level of the Nademlejnská tram stops, will be gradually transformed into a residential district in four successive stages. In each of them, one block with four sections will grow, which will be connected underground.
Completion of the first block, which is being built as part of the initial stage, is scheduled for the end of 2024. The entire Tesla Hloubětín residential district, which will also include two detached buildings, should then be ready around 2030.
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“In addition to two kindergartens, a public park and other amenities, we are also financially involved in the complete reconstruction of Poděbradská Street and the capacity building and modernization of four major intersections,” said Dušan Kunovský, head of Central Group.
According to Kunovský, the amount of investment in public buildings and decontamination will exceed 190 million crowns, the total investment costs for the implementation of the Tesla Hloubětín district in the current ecological range of nine billion crowns.
bid price price
Prague 9 is a city district where, thanks to the large concentration of brownfields, the construction industry is essentially unmissable. “Over ten new apartments have been approved here in the last decade. That’s almost a third of all roughly thirty-five thousand apartments that were allowed in the entire metropolis during this time,” added Kunovský.
At the end of the first quarter, the average offer price of new housing in Prague settled at 149,255 crowns per square meter, which represents an increase of 22.8 percent year-on-year. In Prague 9, according to the analysis of Trigema, Skanska Reality and Central, it was 139,920 crowns. “Prague 9 is a prime example of the fact that when more permits and construction are granted more quickly, housing prices can be markedly lower. Thanks to more construction, today the apartments in this part of the city are among the cheapest in the metropolis,” stated Kunovský.
According to the latest edition of the Deloitte Develop Index (DDI), at the end of April this year, a one-square-meter apartment from a new construction in the ninth city district was offered for an average of 137,800 crowns, and it was cheaper only in Prague 10 (137,500). Even so, in a year-on-year comparison, in the case of Prague 9, this is a significant price jump – at the end of April 2021, according to the DDI, new apartments are offered here for an average of 110,400 crowns. If we look even deeper into the past, two years ago it was 102,900 crowns. And it was at that time that the offer prices of apartments in Prague 9 exceeded the hundred thousand mark – in 2019 they amounted to 93,900 crowns on average.
The municipal district of Prague 9 consists of the districts of Prague 9 (Vysočany, Prosek, Střížkov, Hloubětín, Hrdlořezy and parts of Libně), as well as Prague 18 (district of Letňany), Prague 14 (district of Kyje), Prague 19 (district of ú. Kbely), Prague 20 (k. ú. Horní Počernice), Prague 21 (k. ú. Újezd nad Lesy), Prague-Běchovice, Prague-Čakovice, Prague-Dolní Počernice, Prague-Klánovice, Prague-Koloděje , Prague-Satalice and Prague-Vinoř.
Currently, in the territory of the ninth city district, real estate portals offer housing units from about twenty projects (or their stages) with a completion date in the coming months or years. These include, for example, Albatros Kbely, Bydleni Kbeličky, Emil Kolben Quarter, Doma U Rokytky, Domy Pod Lípou, Greenside, Kolbenova Park, Konhefrovy domy, KOTI Libeň, Loko Libeň, Prosecká Vyhlídka, Rajská Zahrada – Čihadla, Rezidence Sopojovije, Riviera Rokytka, Suomi Hloubětín, Tesla Hloubětín, Viladomy Letňany, Viladomy Třešňová, Viladům Hloubětín, Vivus Kolbenova, Zelené Kaskady, Zelené město Heights,…