Halter starts construction of the Toffematt housing estate
Halter AG is developing the Toffematt residential estate in the Bernese municipality of Toffen. Until the planned occupancy in October 2024, 30 condominiums will be built there in three new buildings.
With the ground-breaking ceremony, the construction of the Toffematt housing estate with 30 condominiums has begun in the Bernese municipality of Toffen. Halter AG is responsible for the development of the project with three new buildings, according to a media release. Thanks to a new form of cooperative ownership, condominium ownership is affordable for people with different purchasing power and remains cost-effective in the long term, according to the detailed Halter release.
The ground-breaking ceremony on Thursday, 16 March, was attended by community president Carl Bütler, pastor Nadja Heimlicher and parish councillor Reto Casty. In October 2019, Halter AG acquired the right to purchase the plots from the Toffen community and the Belp-Belpberg-Toffen parish. The sustainable price of the land was linked to the condition that the resulting living space would be offered in a moderate price environment. in 2021, the newly founded Toffematt housing cooperative acquired the plots and Halter AG developed the development as a residential property project with building rights.
According to the press release, the housing cooperative’s (WBG) sponsorship model not only enables condominium ownership in Toffematt with purchase prices 10 to 20 per cent below market prices. It is also intended to prevent speculation.
With the purchase of a flat, the owners join the WBG Toffematt. According to the building lease contract, future profits from the sale of the flat benefit the cooperative. That is why a short-term resale is not worthwhile, according to the statement. And the flats remain affordable in the long term.