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Turkey Housing Agency Sees Record Business Worth $2.5 Billion

  • 64K units to be built this year, TOKI head Ergun Turan says
  • Agency will erect new central bank building in Istanbul

Turkey’s government-backed housing agency TOKI will build a record number of residential units worth $2.5 billion by the end of this year, its president said.

TOKI will complete construction of 64,000 units this year, equal to 10 percent of residential units built in Turkey annually, Ergun Turan told Bloomberg News in an interview at his office in Ankara.