FREQUENTLY ASKED QUESTIONS
WHICH ONE IS MORE PROFITABLE; DEVELOPED OR UNDEVELOPED LAND?
While the answer to this question varies from region to region, it can be said that if the land is considered as an investment instrument and a real gain well above the financial investment instruments is targeted, the land which is undeveloped but can be developed within 5 to 10 years at the latest will be more profitable. The prices of the land that are anticipated to be developed will experience hard rises over time. Price trends are always up and price momentum is high. This will continue until the development plan is published.
WHICH ONE IS MORE ADVANTAGEOUS; LAND WITH DETACHED DEED OR COOPERATIVE MEMBERSHIP?
Being a landowner with a cooperative partnership is more advantageous and more profitable than having a small land with a private property. If the remaining net dwelling land is over 10.000m² after development, the precedent coefficient may increase between 20-50% according to plan notes. Since the land of cooperative is evaluated as a whole, this advantage is automatically used by the cooperative partners and the value of each partner will be increased by at least 20%. The advantage of the precedent coefficient is not limited to this. As the cooperatives ultimately are legal entities that produce public housing and hold the public benefit in the forefront, they can also use an additional 10-30% increase in the precedent coefficient in accordance with the plan notes. Therefore, the investment of the cooperative partner becomes 30-80% more valuable than the individual investor who invests in land in the same region and who is not a cooperative partner, by earning the precedent coefficient increase.
WHY SHOULD WE BECOME A PARTNER TO A LAND COOPERATIVE?
Precedent Coefficient; is a coefficient used to determine the closed construction area that can be made to a developed land. For example, the coefficient of precedent is 1.00 (shown as E = 1.00 in the development plans). It means a total area of 1.000m² closed construction area can be constructed on a total area of 1.000m² developed land. As the precedent coefficient increases, the value of the land increases. Because, with the increase in the precedent coefficient of the same size, a greater number of houses will be built.
WHAT IS 3P FACTOR?
The 3P factor is the formulated form of 3 parameters that add value to the worth of a land: 3P = Plan Integrity + Project Integrity + Landscape Integrity. In order for a land to gain value, housing projects to be built in that land must be within Plan + Project + Landscape integrity. This factor is a great advantage of cooperatives.
HOW CAN YOU OWN A FREE RESIDENCE AGAINST COOPERATIVE LAND?
Residence building cooperatives make their partners homeowners in two ways:
1. by collecting the money required for construction from their partners within a certain payment plan
2. by purchasing a land, obtaining an exclusive development and assigning to a constructor or a contractor with an agreement against buildings.
As S.S. Çankaya Prestij Residence Building Cooperative, 2 chose to go for 2nd option. We do not require any dues for construction, we only obtain exclusive development to our land, and we make our members get ownership of houses or residences in accordance with the closed area rights to their shares.
HOW AND WHERE CAN I RESEARCH THE TITLE OF MY COOPERATIVE?
You can reach the establishment information of our cooperative from the official web site of T.R. Ministry of Environment and Urbanization.
Detailed information regarding the matters to be careful of and researched when becoming a member to the cooperative are found in the official web site of T.R. Ministry of Environment and Urbanization. It will be sufficient to keep these matters in mind throughout the process of decision making and research.
WHAT WILL THE RIGHTS AND SHARES I HAVE BE REPRESENTED WITH, WHAT IS THE LEGAL SECURITY AND GUARANTEE?
The deeds belonging to the cooperative lands are issued on behalf of the cooperative legal entity, not the real person or persons. Each partner is one of the true owners of the land of the cooperative lands in the amount of the share they have, and the partnership rights are drawn by the framework of the Cooperatives Act. Accordingly, the partnership rights are represented by “Partnership Certificate” within the principles of the Cooperatives Law No. 1163, Article 18. Partnership share certificate is a legal document containing all the information on the deed, which is legally guaranteed by the cooperatives law.
WHEN YOU BARTER THE LANDS, IS IT SPECIFIED WHERE THE CONSTRUCTION LAND WILL BE GIVEN FROM?
The location of the project will be specified in the general assembly during barter stage, according to your wishes but in any case will be within borders of Çankaya district.
WHAT IS EXCLUSIVE DEVELOPMENT, WILL THERE BE ANY FEE DEMANDED IN THIS STAGE?
Exclusive development, as a right given to cooperatives, is the development permit issued without waiting for general development. No fees will be demanded in any stage.
IF I WANTED TO TRANSFER MY SHARE, WHAT DO I NEED TO DO?
Partners, can find the persons to transfer their share, as well as apply to the management of the cooperative and ask for support and assistance in this regard. The cooperative administration will ensure that the partner desiring to transfer his/her share transferred the share in real value and profitably, by communicating the current prices. By bringing together new partners and partners who want to transfer their shares, it will help everyone to realize their needs as quickly as possible.
WILL THERE BE MONTHLY FEES, IF YES, HOW MUCH WILL IT BE?
No monthly or annual fees will be collected in any stage of our project.