Andrei Cantaragiu, CEO City Garden Residence

City Garden Residence has successfully completed the handover of the second phase of Bonton Luxury Villas, the project consisting of 66 luxury villas developed in Pipera, following an investment of over 19 million euros.

The handover process was carried out for 30 high-quality villas, which will feature all the interior finishes, according to the company.

The Bonton Luxury Villas project, developed in two phases, is located behind the American School and close to Băneasa Forest.

The Bonton Luxury Villas project has seen successful sales progress, with 65% of the entire residential project already sold. Notably, the first phase, featuring 36 luxury villas, boasts a 95% sales rate. A significant portion of the project’s clientele comprises international buyers. Among these, approximately 70% are end-users who have invested in a family home, while 30% of the buyers are investors attracted by the appealing financial prospects. Renting out a villa within the project offers investors an annual return of approximately 8%, surpassing the average market yield.

”In a time marked by challenges, ranging from the soaring costs of building materials to supply chain difficulties, we are delighted to announce the completion of the second phase of our project, in line with the promised quality standards. With the construction works concluded and 34 villas already occupied by residents, Bonton Luxury Villas now meets all the necessary criteria to become a thriving community that enjoys a high-quality lifestyle in the northern part of the capital,” says Andrei Cantaragiu, CEO City Garden Residence.

The villas of the second development phase offer expansive living spaces ranging from 293 to 327 sqm and are thoughtfully designed to include up to 7 rooms. Currently, the houses are in the final stages of finishing. The starting price for a villa is 449,000 € + VAT.

The project targets those who wish to be part of a select, close-knit community while simultaneously enjoying all the amenities of a modern home located in a quiet area close to nature, yet still well connected to the city’s points of interest, including international schools, shopping centers, office areas (Pipera, Voluntari, and Aurel Vlaicu), as well as museums, restaurants, parks, the city center, and the airport.

City Garden Residence is part of a group of companies with Asian capital, possessing extensive experience in the real estate development and investment industry. Over more than 10 years of activity on the Romanian market, City Garden has successfully completed several medium and premium class residential projects in central and ultra-central areas of Bucharest and in the Pipera area, such as 21 Downtown, Apollo D’or, and City Garden Pipera.

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