In St. Petersburg, the first apartment was sold through an escrow account

In St. Petersburg, they reported on the first apartment that was sold under the new financing rules in its residential complex "Northern Valley". We are talking about a unit in building 30 of the 16th phase of the residential complex.

All buildings included in the new phase will be built with the involvement of bank project financing without direct use of equity holders' money. The developer will receive the buyers' money only after the house is put into operation.

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Residential complex "Severnaya Dolina" is currently the largest project in St. Petersburg. The complex is included in the list of strategic objects of the city and the program "Affordable and comfortable housing for the citizens of Russia". As part of the project, Glavstroy St. Petersburg Residential Complex will build 62 buildings for a total of 30,000 apartments, as well as social infrastructure facilities.

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