The goal of buying a four-bedroom (5-room) apartment in the new neighborhood of Neve Shamir for under 3 million NIS is a race against time. As this vibrant community in Ramat Beit Shemesh develops, prices are on a clear upward trajectory. However, as of late 2025, this goal is still achievable, particularly if you are buying “on paper” from a contractor.
The price point for a standard 5-room apartment of around 120 square meters in a new project here is currently hovering right around the 3 million NIS mark. Projects by established builders like Donitza, Sharshen, and others are all offering apartments in this category. To get under the 3 million threshold, you need to look for specific opportunities. This often means choosing an apartment on a lower floor or one without a premium view. The apartments on the first or second residential floors are typically priced lower than those on higher floors.
Another key strategy is to buy in a project that is in an earlier stage of construction. The further out the completion date, the more flexibility the contractor has on pricing to incentivize early buyers. You might get a pre-sale price of 2.9 million or 2.95 million NIS for an apartment that will be worth over 3.1 million upon completion in two years. This is the classic “buy-on-paper” investment strategy. The key is to work with an agent who has deep relationships with the sales offices of all the major builders in the neighborhood. They will have real-time information on special promotions, newly released blocks of apartments, and which units offer the best value for your budget.
Too Long; Didn’t Read
- Buying a 5-room apartment in Neve Shamir for under 3 million NIS is still possible, but the window is closing.
- Focus on buying directly from contractors in projects that are still in early stages of construction.
- Look for apartments on lower floors or with standard views, as these are priced more competitively.
- Work with a specialized agent who knows about pre-sale promotions and new inventory releases.
