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Sinpas to Start Middle-Income Housing Projects, Hurriyet Says

Oct. 14 (Bloomberg) -- Sinpas Gayrimenkul Yatirim Ortakligi AS, a Turkish real estate company, will start building 1,000 housing units a year for middle-income homebuyers, in addition to 2,000 units it constructs for higher-income consumers, Hurriyet reported.

Sinpas will restructure its unit Seven Gayrimenkul to handle the middle-income housing projects from 2012, the Istanbul-based newspaper said, citing Sinpas chief executive Omer Faruk Celik.

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