Goliath comes tumbeling down

02/08/2007

Source : ISM

The Goliath real Estate Company Heftsiba who is the company (together with Canadian company Green Park) that was building the settlement of Matityahu Mizrah as well as the settlement of Beitar elite and settlements in occupied East Jerusalem has started showing signs of bankruptcy.

The Haredi population who have bought apartments from the company broke into the unfinished apartments in various building sights including Matityahu East. Heftsiba has existed since 1968 and executes 10% of Israel’s real estate.

In Israeli channel’s 2 news a financial expert explained that the reason for the companies downfall was the stop work order and the inability to sell more of the apartments in Matityahu east. He called it “Modiin Elite next to Bilin”. It is still not clear how this will effect the continuation of the building of the settlement, the ban on Building, or the courts decision. But in the struggle of who would outlast the other between Heftsiba and the Bil’in villagers. Bil’in’s resistance has endured!