W2 Filigreen 2 Tbilisi is a residential district of six blocks at 61 Giorgi Danelia Street in Saburtalo, and on 12 November 2026 the developer’s pages flag only six apartments there as available, two free and four reserved, beside 18 commercial units on the ground floors.

This guide to W2 Filigreen 2 Tbilisi reads the pages of Tetri Kvadrati (also written White Square, brand w2) as they stood on 12 November 2026 and sets beside them what Korter, the parent group and directories print. Each figure is given with its source and date, and the guide does not choose between sources. It adds sourced notes on the district and on buying, registration, tax and residence in Georgia, and a list of what to ask for in writing.
The developer’s project page (w2.ge, checked 12 November 2026) describes Filigreen 2 as a residential district at 61 Giorgi Danelia Street in Saburtalo, “on the way to Nafetvrebi”, overlooking the Vere river valley. It lists six residential buildings, four of eight storeys and two of nine, together with commercial and office spaces, recreation zones, sports fields, children’s playgrounds and green yards. The pages show renderings and plans, not site photographs.

The first fact for a buyer is the state of sales. All six blocks carry the badge “Ongoing”, and the site data counts none of them as completed. The floor selector has 43 residential floors across the six blocks. Of these, 39 carry an “All apartments sold” flag and four show availability: Block 1 floor 8, Block 2 floor 6, and Block 5 floors 5 and 8. Those four floors hold six apartments, of which two are free and four are reserved.
The block counters read “Available: N apts”, and N includes reserved units, so the headline figure of six is not six free flats. The pages print USD prices for the free flats and for the commercial units, show the price per m² and a lari equivalent, and print “Custom Plan” where a payment schedule would be. They print no handover date and no finish.
Korter, a listing portal, prints a Q4 2026 delivery label, a white-frame finish and 325 apartments in total. Sections 2 and 6 give those figures with their dates.
| W2 Filigreen 2 Tbilisi key facts | As published (w2.ge, 12 November 2026, unless stated) |
|---|---|
| Location | Tbilisi, Saburtalo, 61 Giorgi Danelia Street, “on the way to Nafetvrebi”; coordinates 41.717498, 44.708063 on the project map block |
| Developer | Tetri Kvadrati, also written White Square; brand w2 (w2.ge) |
| Buildings | Six: text says four 8-storey and two 9-storey; floor selector shows Block 4 with 9 floors and the others with 8 |
| Status | “Ongoing” on all six blocks; 0 of 6 blocks completed in the site data |
| Apartments flagged on the project page | 6 (Block 1: 1; Block 2: 3; Block 5: 2), of which 2 free and 4 reserved |
| Free apartments | No. 48, Block 1, floor 8, 233 m², USD 1,800 per m²; No. 87, Block 2, floor 6, 72.5 m², USD 130,500 (USD 1,800 per m²) |
| Reserved apartments | Nos. 85, 93, 249, 269; sizes 68.4 to 306.6 m² |
| Commercial spaces | 18 on floor 1 of the six blocks (16 free, 2 reserved); 47.3 to 216.6 m²; USD 1,250 per m²; USD 59,125 to 270,750 |
| “From” figure on the projects list | USD 1,350 per m², which matches reserved apartment 269; both free apartments are USD 1,800 per m² |
| Handover | Not printed by the developer; Korter Q4 2026, BK Holding 2027, Buildings.ge 2026 |
| Payment plan | “Custom Plan”; no schedule, down payment or percentages printed |
| Finish | Not stated by the developer; Korter: white frame |
| Total apartments | Not printed on the current page; Korter 325; earlier developer site 43 to 60 per building |
Public information on the project comes from the developer’s pages, from the parent group’s project page, from directories and from two broker portals. The figures differ on several points. The table sets them side by side. The developer’s pages are quoted as read on 12 November 2026, every other figure carries its own source and date, and the guide does not decide which is right.


| Item | Per the developer (w2.ge, 12 November 2026) | What others print |
|---|---|---|
| District | Saburtalo, 61 Giorgi Danelia Street, “on the way to Nafetvrebi” | Korter files the address under Vake district, Bagebi; Buildings.ge gives the street address only |
| Status | “Ongoing” on all six blocks; 0 of 6 completed in the site data | Korter (3 November 2026): six houses under construction, with construction photos from three fixed spots between December 2025 and November 2026; BK Holding: status “in progress”, start year 2023 |
| Handover | No date on the project, block, floor or unit pages in English, Russian or Georgian | Korter: Q4 2026 for Blocks 1, 2 and 5; BK Holding (undated): completion year 2027; Buildings.ge (undated): 2026 |
| Floors | Text: four 8-storey and two 9-storey buildings. Selector: Blocks 1, 2, 3, 5, 6 have floors 1 to 8; Block 4 has floors 1 to 9 | Korter: 8 to 9 floors, Blocks 1, 2 and 5 with 8; tbilisi-property.com: six buildings of “eight-nine” storeys |
| Apartments in total | Not printed on the current page. The earlier developer page says each building has 43 to 60 apartments | Korter and tbilisi-property.com: 325; tbilisi-property.com also counts “53 apartments in Filigreen 2” among its own listings |
| Flats flagged now | 6 apartments (2 free, 4 reserved) and 18 commercial spaces (16 free, 2 reserved) | Korter shows price tiers for Blocks 1, 2 and 5 only |
| Smallest flat | Text: sizes “start from 65 sq.m.”; smallest of the six flagged: 68.4 m² | Korter: 42.6 m² |
| Maximum size | 306.6 m² (apartment 269, reserved) | Korter: 286.4 m² |
| Price “from” | Projects list: USD 1,350 per m²; free flats USD 1,800 per m² | Korter (3 November): from USD 123,120 and from USD 1,800 per m²; tbilisi-property.com: from USD 103,621 and USD 1,260 per m² |
| Walls and windows | Inner and outer walls of YTONG blocks; double-glazed aluminium windows and doors | Korter: monolithic frame, brick outer walls, metal-plastic windows, open balconies; tbilisi-property.com: monolithic frame |
| Finish | Not stated | Korter and tbilisi-property.com: white frame |
| Payment | “Custom Plan”; list of plans empty | Korter: TBC Bank mortgage calculator from 7.4 percent nominal, 8.3 percent effective, linked to Term SOFR (a portal figure) |
| Earlier sales flag | Current pages: 6 apartments flagged | old.w2.ge (undated): “All apartments are sold” next to Filigreen 2 |
Three rows change what a buyer can rely on. The first is the unit total. Korter and tbilisi-property.com print 325 for the whole scheme. The earlier developer page gives 43 to 60 apartments per building, which for six buildings is a range of 258 to 360 (calculated). The current w2.ge pages print no total, and the floor selector shows only the floors that still have something flagged. Which figure counts as the project total is a question for the contract documents.
The second is the handover date. Three dates exist and none comes from the developer’s pages: Q4 2026, 2027 and 2026. Korter attaches its date to three blocks only, and nothing printed covers Blocks 3, 4 and 6. A date that matters to the buyer belongs in the sale contract, together with what counts as handover.
The third is size. The developer’s text says sizes start from 65 m², Korter prints 42.6 m² as the smallest, and the smallest flat flagged on 12 November is 68.4 m². The flagged flat with the greatest area, 306.6 m², is above Korter’s 286.4 m². The portal’s range may describe flats that are no longer flagged, and the guide does not guess. The district label differs too, Saburtalo or Vake; for a document, a buyer should take the district from the cadastral record and not from a portal.
Each block has its own page with a floor selector: Block 1, Block 2, Block 3, Block 4, Block 5 and Block 6. Floor 1 of every block shows commercial spaces only, and the apartment flags start on floor 2. The table counts what the selectors showed on 12 November 2026.

| Block | Floors in selector | Floors flagged “All apartments sold” | Floors showing apartments | Counter “Available” (apts) | Free / reserved | Commercial on floor 1 (reserved) |
|---|---|---|---|---|---|---|
| 1 | 8 | 6 (floors 2 to 7) | Floor 8 | 1 | 1 / 0 | 4 (0) |
| 2 | 8 | 6 (floors 2 to 5, 7, 8) | Floor 6 | 3 | 1 / 2 | 4 (0) |
| 3 | 8 | 7 (floors 2 to 8) | None | 0 | 0 / 0 | 3 (1) |
| 4 | 9 | 8 (floors 2 to 9) | None | 0 | 0 / 0 | 2 (1) |
| 5 | 8 | 5 (floors 2 to 4, 6, 7) | Floors 5 and 8 | 2 | 0 / 2 | 2 (0) |
| 6 | 8 | 7 (floors 2 to 8) | None | 0 | 0 / 0 | 3 (0) |
| Total | 49 | 39 of 43 residential floors | 4 floors | 6 | 2 / 4 | 18 (2) |
Read this way, the apartment stock still flagged is concentrated: Block 2 floor 6 holds three of the six, Block 5 holds two on separate floors, and Block 1 holds one on its top floor. The counters of Blocks 2 and 5 show how the “Available” label works. Block 5 reads “2 apts”, and both are reserved; Block 2 reads “3 apts”, and two of them are reserved. Anyone using the counter as a measure of free stock overstates free stock threefold here (six against two).
The flag “All apartments sold” is the developer’s wording on the floor selectors. The pages do not print a number of sold flats and no list of them, which is why the project total in section 2 cannot be checked from the developer’s side. The one structural difference between the blocks is Block 4, the only block with a ninth floor in the selector. The developer’s text speaks of two 9-storey buildings; the selector shows one. Both are recorded here as printed.
For structure and finish the pages and the portals use different words. The developer states that inner and outer walls are built of YTONG blocks, with double-glazed aluminium windows and doors, that every building will have fire-safety systems, and that a backup generator will run the lifts, the fire systems and the emergency and evacuation lighting of parking, hallways and communal areas. The table lays the descriptions side by side.
| Item | Developer (w2.ge, 12 November 2026) | Korter (3 November 2026) | tbilisi-property.com (undated) |
|---|---|---|---|
| Frame and walls | YTONG blocks inside and out | Monolithic frame; brick outer walls | Monolithic frame |
| Windows | Double-glazed aluminium windows and doors | Metal-plastic windows; open, unglazed balconies | Not stated |
| Finish handed over | Not stated | White frame | White frame |
| Safety and power | Fire-safety systems; backup generator for lifts, fire systems, emergency lighting | Round-the-clock security and safety systems (portal text) | Not stated |
| Parking | Not stated | Underground and surface parking | Underground parking |
| Outdoor facilities | Recreation zones, sports fields, children’s playgrounds, green yards, relaxation spaces | Fenced basketball court, outdoor fitness zone, benches, eco-gazebo lounge, outdoor lighting, perimeter cameras (planned, portal text) | Not stated |
The term “white frame” is not defined on w2.ge. The BasisBank partner page uses the same words for the transfer condition of the Kavtaradze complex of White Square and does not say what the condition includes. Whether the walls are brick, YTONG or both, and which of the listed items belong to a buyer’s flat, are points for the written specification in section 9.
Korter’s construction-progress panel, with photos from three fixed spots between December 2025 and November 2026, is the only dated record of the building works found. The developer’s pages print no completion percentage and no progress log, and the guide infers no stage of construction from the sale flags.
Every apartment page shows block, floor, number, rooms, total area and a room-by-room list. The two free flats also show a price in lari and a price per m² in lari; reserved flats show no price on the page, and the USD values in the table for them are read from the page’s data payload. The lari figures are the site’s own conversion of the USD values at 2.5933 lari per dollar, which is also the official National Bank rate for 12 November 2026.

| Apartment | Block, floor | Rooms (as printed) | Area, m² | Status | Price, USD | USD per m² | Price shown on page, GEL |
|---|---|---|---|---|---|---|---|
| No. 48 | 1, floor 8 | 4 | 233 | Free | 409,760 in the data payload; 419,400 by 233 × 1,800 | 1,800 | 1,087,630 (GEL 4,668 per m²) |
| No. 87 | 2, floor 6 | 2 | 72.5 | Free | 130,500 | 1,800 | 338,426 (GEL 4,668 per m²) |
| No. 85 | 2, floor 6 | 2 | 83.6 | Reserved | 150,480 (payload) | 1,800 | Not shown |
| No. 93 | 2, floor 6 | 3 | 131.8 | Reserved | 237,240 (payload) | 1,800 | Not shown |
| No. 249 | 5, floor 5 | 2 | 68.4 | Reserved | 123,120 (payload) | 1,800 | Not shown |
| No. 269 | 5, floor 8 | 6 | 306.6 | Reserved | 413,910 (payload) | 1,350 | Not shown |
The arithmetic is simple where the data agree. At USD 1,800 per m², 72.5 m² gives USD 130,500, 83.6 m² gives 150,480, 131.8 m² gives 237,240 and 68.4 m² gives 123,120; each matches the printed or payload price. Apartment 269 matches only at USD 1,350: 306.6 × 1,350 = 413,910. The projects list’s “from” figure of USD 1,350 per m² therefore comes from a reserved flat, and no free flat is offered at that rate on 12 November 2026.
Apartment 48 is the exception. The lari price on its page, 1,087,630, divided by 2.5933 gives 419,400, the same as 233 × 1,800, and Korter prints USD 419,400. The data payload carries 409,760. The difference is USD 9,640, or 2.3 percent of 419,400. The guide gives both numbers as read and does not repair either; a written price list for the unit is the way to settle it.
The lowest total price among the free flats is USD 130,500, for apartment 87, a two-room flat of 72.5 m² with one bedroom of 16.5 m², a living-kitchen of 26.5 m², a balcony of 18.5 m² and a bathroom of 4.6 m². The other free flat is the 233 m² apartment 48. Korter calls it a three-room flat, while w2.ge counts four rooms and lists two bedrooms, a common room and a kitchen. The two portals count rooms differently, and neither count changes the area.
| Apartment | Bedrooms, m² | Living-kitchen, common room or kitchen, m² | Balconies or terrace, m² | Bathrooms and other, m² |
|---|---|---|---|---|
| No. 48 | 19.6; 14.7 | Common room 31.5; kitchen 17 | Balconies 15.7 and 10.6; terrace 96.4 | Bathrooms 3.6, 2.2, 5.9 |
| No. 87 | 16.5 | Living-kitchen 26.5 | Balcony 18.5 | Bathroom 4.6 |
| No. 85 | 24.1 | Living-kitchen 30.1 | Balcony 14.3 | Bathroom 5.2 |
| No. 93 | 15.4; 15.9 | Living-kitchen 40.5 | Balcony 27.9 | Bathrooms 6 and 4.2 |
| No. 249 | 15.2 | Living-kitchen 27 | Balcony 14.8 | Bathroom 5; hall 5.1 |
| No. 269 | 23.4; 18; 16.6; 15.4 | Common room 39.9; kitchen 15.1 | Balconies 94.7, 14.3, 10.4, 10.4 | Bathrooms 7.4, 4.1, 3.2, 2.5; wardrobe 9 |
One calculation is worth a buyer’s attention. In apartment 48 the terrace of 96.4 m² is 41 percent of the 233 m² total; in apartment 269 the four balconies add up to 129.8 m², 42 percent of 306.6 m². The listed rooms of each flat, terraces and balconies included, add up to between 83 and 98 percent of the stated total (calculated; 93 percent for No. 48 and 91 percent for No. 87).
That pattern suggests the outdoor areas sit inside the total area, and so inside the price per m², but the pages do not say so.
A buyer comparing the two free flats should therefore ask how terraces and balconies are measured and priced, and whether any reduction factor applies. That question is separate from the finish and from the price list, and it matters most for flat 48, where the terrace is the biggest single space listed.
The developer’s text speaks of “commercial and office spaces”; the unit labels on the commercial list read “Commercial Space”. The table lists every unit seen on 12 November 2026 by block, with floor 1 for all. Unit numbers are as printed; Blocks 4 and 5 show numbers 1 and 3 and no number 2, and the pages do not explain the gap.

| Commercial unit | Status | Area, m² | Price, USD | USD per m² |
|---|---|---|---|---|
| Block 1, unit 1 | Free | 47.3 | 59,125 | 1,250 |
| Block 1, unit 2 | Free | 51.5 | 64,375 | 1,250 |
| Block 1, unit 3 | Free | 68.1 | 85,125 | 1,250 |
| Block 1, unit 4 | Free | 152.8 | 191,000 | 1,250 |
| Block 2, unit 1 | Free | 67.3 | 84,125 | 1,250 |
| Block 2, unit 2 | Free | 89 | 111,250 | 1,250 |
| Block 2, unit 3 | Free | 59.7 | 74,625 | 1,250 |
| Block 2, unit 4 | Free | 91 | 113,750 | 1,250 |
| Block 3, unit 1 | Free | 92 | 115,000 | 1,250 |
| Block 3, unit 2 | Reserved | 166.1 | 207,625 | 1,250 |
| Block 3, unit 3 | Free | 58.6 | 73,250 | 1,250 |
| Block 4, unit 1 | Reserved | 80.6 | 100,750 | 1,250 |
| Block 4, unit 3 | Free | 68.1 | 85,125 | 1,250 |
| Block 5, unit 1 | Free | 154.3 | 192,875 | 1,250 |
| Block 5, unit 3 | Free | 216.6 | 270,750 | 1,250 |
| Block 6, unit 1 | Free | 80.7 | 100,875 | 1,250 |
| Block 6, unit 2 | Free | 176.6 | 220,750 | 1,250 |
| Block 6, unit 3 | Free | 68.1 | 85,125 | 1,250 |
All 18 units are priced at the same USD 1,250 per m², so the total price is area times 1,250 and the table carries no other information about the price. Across the 18 the printed areas add up to 1,788.4 m² and the prices to USD 2,235,500; across the 16 free units, 1,541.7 m² and USD 1,927,125 (calculated sums).
The smallest unit is Block 1 unit 1 at 47.3 m², the biggest Block 5 unit 3 at 216.6 m²; the two reserved units are Block 3 unit 2 and Block 4 unit 1.
The pages give no finish for these units, no ceiling height, no use class and no statement on VAT. The Tax Code sets VAT at 18 percent, and whether a printed commercial price includes it is a contract term; the same question applies to the flats. Korter’s project page lists apartments only, so the commercial units are visible only on the developer’s own pages. As with the flats, the unit number, block and floor identify the space in any written offer.
Prices on w2.ge are asking prices that the developer may change; its terms page says that prices, areas and availability may change without notice, that renderings are illustrative and that a deal binds only after a signed contract. The table gathers the price figures found for the project, each with its source and date.

| Source and date | Figure | What it refers to |
|---|---|---|
| w2.ge unit pages, 12 November 2026 | USD 1,800 per m² | Free flats 48 and 87; reserved flats 85, 93 and 249 (payload) |
| w2.ge projects list and unit page, 12 November 2026 | USD 1,350 per m² | Reserved flat 269; the project card’s “from” figure |
| w2.ge commercial list, 12 November 2026 | USD 1,250 per m² | All 18 commercial units, USD 59,125 to 270,750 |
| Korter, prices as of 3 November 2026 | From USD 123,120; from USD 1,800 per m² | Two-room flats of 68.4 to 72.5 m²; 233 m² flat from USD 419,400; white frame |
| tbilisi-property.com, undated | From USD 103,621; USD 1,260 per m²; its listings USD 1,260 to 1,500 per m² | The portal does not say whether its listings are developer sales or resale offers |
| Galt & Taggart, February 2026 (Georgia Today, 31 March 2026) | Tbilisi primary market USD 1,398 per m²; secondary market USD 1,304 per m² | City-wide averages; no Saburtalo or Vake figure was found |
Korter’s “from USD 123,120” is the price of apartment 249 as the portal read it on 3 November; on 12 November the developer’s page shows that flat as reserved. The dates differ by nine days, and the guide treats the portal figure as a dated indication, not as a current offer. The portal’s other prices, USD 130,500 for flat 87 and USD 419,400 for flat 48, match the developer’s values.
The city-wide average from Galt & Taggart gives one reference point for the printed rates. The comparison below is calculated and carries caveats: the average covers all primary-market sales in Tbilisi in February 2026, a different date, location and finish from a white-frame flat in an unfinished block in Saburtalo.
| Filigreen 2 rate (w2.ge, 12 November 2026) | Versus USD 1,398 per m², primary market, February 2026 |
|---|---|
| USD 1,800 per m² (free flats) | 28.8 percent above |
| USD 1,350 per m² (reserved flat 269) | 3.4 percent below |
| USD 1,250 per m² (commercial units) | 10.6 percent below |
On payment, the unit pages show “Custom Plan” and an empty list of plans. A Georgian-language line says that a plan tailored to the buyer is available on contact. No instalment schedule, down payment or percentage is printed, so nothing can be said about the cost of any instalment arrangement. A buyer who is offered one should ask for the schedule and for the effective cost over the whole period, in writing.
The developer’s Key Card programme (the “w2 card”) is described as a card for residents that unites up to 50 partner companies with offers and discounts on renovation materials, furniture, appliances, interior design, education, sports and more. The partner list as read on 12 November 2026 carries discount labels between 10 and 50 percent for individual partners.
The page does not say who is eligible, how the card is issued, how long it is valid or whether it is automatic on purchase, and it describes no reduction of the apartment price.
The developer places the district at 61 Giorgi Danelia Street in Saburtalo and says it overlooks the Vere river valley. Its project map block carries the coordinates 41.717498, 44.708063. Korter files the same address under Vake district, in the Bagebi area, and describes a “peaceful, green neighborhood” with schools and universities within walking distance. That description is the portal’s text and the guide has not checked it on the ground.

Saburtalo is an administrative district of Tbilisi. Wikipedia gives its population as about 139,000 (2017), citing a city-government source. Geostat puts the city of Tbilisi at 1,369.4 thousand people on 1 January 2026, more than one third of Georgia’s 3,941.1 thousand. These are context figures for the scale of the district and the city; they say nothing about the project.
The nearest metro station named by the portal is State University, which Korter puts at less than a 30-minute walk. Wikipedia records that it opened on 16 October 2017 and is the western terminus of the Saburtalo Line. Korter also lists a minibus stop 450 metres away with minibuses 401 and 404 every 16 minutes, buses 301 and 326 and minibus 551 about 12 minutes on foot away, and a cable-car station just over 1 km away.
The table sets the portal’s figures beside distances calculated from the developer’s coordinates. Straight-line figures are great-circle distances; road and walking figures come from routing services based on OpenStreetMap, without traffic, so real journeys take at least as long. Station, square and airport coordinates come from Wikipedia.
| Place from the site | Portal figure (Korter, 3 November 2026) | Straight line, calculated | Road or walking, routing without traffic |
|---|---|---|---|
| State University metro station | Less than a 30-minute walk | About 0.98 km | Walking 1.7 km, about 23 minutes; driving 1.8 km, about 4 minutes |
| Vazha-Pshavela metro station | Not given | About 2.03 km | Driving 3.2 km, about 6 minutes |
| Vake Park | Not given | About 3.72 km | Driving 6.6 km, about 12 minutes |
| Freedom Square | City centre about 30 minutes by car | About 8.22 km | Driving 10.8 km, about 16 minutes |
| Tbilisi International Airport | About 40 minutes by car | About 21.17 km | Driving 27.5 km, about 37 minutes |
| Nearest minibus stop | 450 m; minibuses 401 and 404 every 16 minutes | Not calculated | Not calculated |
The gap between the portal’s car times (30 and 40 minutes) and the routed times (16 and 37 minutes without traffic) is not an error on either side: they measure different things, and the routed figures leave out traffic, so real journeys at busy hours take longer.
Distances were requested from Project OSRM and the OpenStreetMap Germany foot router on 12 November 2026; coordinates are taken from the Wikipedia pages for State University station, Vazha-Pshavela station, Vake Park and Freedom Square. The airport page supplies the airport point.
Korter’s lists of nearby facilities name Jikia Park, the Nikora and Madagoni supermarkets, the Innova Medical Center, the Consilium Medulla clinic, Tbilisi State University, Newton Free School, Sokhumi University, the Progress high school, Olympi School, a stadium and the Mantra recreation centre. These are portal statements without distances; a buyer who relies on a school or clinic should measure the route and confirm the facility directly. No official source on road works, noise or planned changes in the immediate area was found.
A foreigner may own an apartment or a commercial space in Georgia. Article 183 of the Civil Code requires a written transaction and registration of the acquirer’s ownership in the Public Registry before ownership of an immovable thing passes.

The carve-out is agricultural land, which the Organic Law on Agricultural Land Ownership reserves for the state, municipalities, citizens and certain Georgian entities; a unit in a city block is not agricultural land. The guides on whether foreigners can buy property in Georgia and on how to buy property in Georgia give the general position.
For a building under construction the order of events is set by the contract and the registry. NAPR’s registration fee page lists registration of a change of right and registration of an obligation tied to an ownership right at the same three tariffs: GEL 150 in four working days, GEL 270 in one working day and GEL 350 on the day of filing. At GEL 2.5933 per USD those are about USD 57.8, 104.1 and 135.0. The fee depends on speed, not on the price of the unit.
A buyer abroad has two common routes. One is a power of attorney legalised for use in Georgia; the Hague Conference status table shows the Apostille Convention in force for Georgia since 14 May 2007. The other is NAPR’s smart-contract service, which registers rights online through a booked virtual meeting. Which route the developer accepts is a point to settle in writing.
| Step | Who | Typical time or fee | Source |
|---|---|---|---|
| Get the unit number, price list and draft contract in writing | Buyer, developer | Not printed on w2.ge; the unit pages carry only “Custom Plan” | Project page |
| Order a Public Registry extract for the plot and match the cadastral code | Buyer, lawyer, NAPR | GEL 20 in one working day, GEL 13 online; GEL 26 extra for an English extract. Korter prints cadastral number 01.14.06.004.004 (not checked against the registry) | NAPR information fees |
| Sign the written contract | Buyer, developer | Terms set in the contract | Civil Code, Art. 183 |
| Pay under the agreed schedule | Buyer | No schedule published | Unit pages |
| Register the right or the obligation | Buyer, NAPR | GEL 150, 270 or 350 by speed | NAPR fee page |
| Sign from abroad, if needed | Buyer, NAPR | Apostilled power of attorney, or a booked virtual meeting | NAPR smart contract |
Property tax on individuals changed on 30 September 2026. The English text of the Tax Code on matsne.gov.ge now cites Law No. 1874 of that day among its amendments.
Article 202(5) sets the rate on a natural person’s taxable property other than land at 0.8 to 1 percent of its market value at the end of the previous year, and Article 206(1)(a) exempts it where the family’s income in the previous year did not exceed GEL 100,000. The EY Georgia brief for July to September 2026 says the earlier threshold was GEL 40,000, so older guides carry older bands.
Article 201(1)(c.a) names real estate “including an unfinished construction” owned by a natural person; whether a buyer under an off-plan contract counts as owner is a question for the contract and the registry record. A natural person files by 1 November and pays by 15 November. The Revenue Service page offers a 2026 calculator, and the guide to property tax in Georgia covers the filing steps.
For income and sales, Article 81 taxes residential rent received by an individual with no deductions at 5 percent, the general personal rate at 20 percent and the surplus on the sale of a residential apartment at 5 percent; Article 82(1)(f.a) exempts that surplus where the apartment was owned for more than two years. VAT is 18 percent under Article 166. The rent and sale provisions quoted here use residential wording; the treatment of a commercial unit is a question for an adviser.
On residence, the Public Service Development Agency describes a short-term residence permit for an alien who holds title to immovable property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, set by a certified assessor, and an investment residence permit for property exceeding USD 300,000. The Law on the Legal Status of Aliens states the first test in the same terms. It is the assessed value that counts; the contract price does not substitute for it.
Set against the printed prices, the free flat 87 at USD 130,500 is below USD 150,000, while free flat 48 at USD 419,400 (or 409,760 in the payload) exceeds both USD 150,000 and USD 300,000. Of the reserved flats, 249 is below USD 150,000, 85 and 93 are above it and below USD 300,000, and 269 exceeds USD 300,000. Of the commercial units, five exceed USD 150,000 and none exceeds USD 300,000. No permit follows from a price. See the guide to getting a residence permit in Georgia.
On financing, the National Bank of Georgia’s PTI and LTV page sets a loan-to-value limit of 90 percent for loans in lari and 70 percent for foreign-currency loans, and payment-to-income limits of 25 percent (lari) or 20 percent (foreign currency) for net monthly income below GEL 1,500, rising to 50 percent and 30 percent from GEL 1,500. Banks set their own terms for non-residents; see the guide to mortgages for foreigners in Georgia.
No bank page naming Filigreen 2 was found. Korter shows a TBC Bank calculator for the project, from 7.4 percent nominal and 8.3 percent effective, and its description says financing is available “in partnership with TBC Bank”; these are the portal’s statements. BasisBank’s own page names White Square as a partner developer for its Kavtaradze complex, completed in December 2024, and does not name Filigreen 2. A buyer who needs a loan should ask the bank directly whether this project is accepted.
| Item | Rule | Source |
|---|---|---|
| Property tax, individual | 0.8 to 1 percent of year-end market value; exempt where the previous year’s family income was GEL 100,000 or less; return by 1 November, payment by 15 November | Tax Code arts. 202(5), 205, 206(1)(a) |
| Rental income, individual | 5 percent on residential rent with no deductions; 20 percent general rate | Tax Code art. 81(1)-(2) |
| Sale of an apartment | Surplus taxed at 5 percent; surplus exempt on a residential apartment owned for more than two years | Tax Code arts. 81(3), 82(1)(f.a) |
| VAT | 18 percent; whether a price includes it is a contract term | Tax Code art. 166 |
| Short-term residence permit | Immovable property other than agricultural land with market value exceeding USD 150,000 equivalent in GEL, set by an accredited assessor | SDA page; Aliens Law |
| Investment residence permit | Property exceeding USD 300,000 equivalent in GEL | SDA page |
| Mortgage limits | Loan-to-value 90 percent (lari), 70 percent (foreign currency); payment-to-income by income band | NBG PTI and LTV page |
| Exchange rate used | USD 1 = GEL 2.5933, the official rate for 12 November 2026 | NBG official rate |
The developer’s pages leave several points open, and the portals disagree on others. The list turns each gap into a document or an answer that a buyer can request before paying. Some points belong in the reservation form and the rest in the sale contract; the unit number, block and floor are the anchor for each.
The list is the normal due-diligence set for an off-plan purchase and implies nothing about the project. A written answer to each point, attached to the reservation, lets a buyer compare this project with others on equal terms. The project’s own terms page says that nothing is binding until a contract is signed, which is why the answers belong in the contract and not only on a web page.
The developer lists 11 ongoing projects on w2.ge, ten of them with apartments flagged as available on 12 November 2026. Gamrekeli shows none. The table covers the ten, with figures taken from the developer’s projects list and project pages on that date. “Flats on the card” is the card counter, which includes reserved flats; “from” is the card’s figure or, where the card prints none, the lowest unit price noted.
| Project | City and district | Flats on the card | Handover on w2.ge | “From” as printed |
|---|---|---|---|---|
| W2 Filigreen 2 Tbilisi (this page) | Tbilisi, Saburtalo | 6 (2 free, 4 reserved) | None | USD 1,350 per m² (reserved flat) |
| W2 Mindeli Tbilisi | Tbilisi, Saburtalo | 92 | None; blocks badged Completed or Ongoing | USD 950 per m² |
| W2 Jikia Tbilisi | Tbilisi, Saburtalo | 7 | None | USD 1,450 per m² |
| W2 Isani Park Tbilisi | Tbilisi, Isani | 612 (559 available, 53 reserved) | Blocks C and D December 2027; A and B June 2029 | USD 83,000 (lowest flat 82,687.5) |
| W2 Urban East Tbilisi | Tbilisi, Samgori | 214 | December 2028 | USD 1,110 per m² |
| W2 Sanzona Tbilisi | Tbilisi, Nadzaladevi | 8 | December 2028 | USD 1,250 per m² |
| W2 Varketili VI Tbilisi | Tbilisi, Varketili | 8 | December 2028 | Lowest flat USD 49,560 |
| W2 Varketili V Tbilisi | Tbilisi, Varketili | 10 | March 2028 (Georgian page only) | USD 1,200 per m² |
| W2 Varketili IV Tbilisi | Tbilisi, Varketili | 5 | March 2028 | USD 1,200 per m² |
| W2 Kutaisi Georgia | Kutaisi | 17 | None | Card figure 700 (unit not printed) |
The comparison is one of printed facts and no project is presented as better than another. Card counters range from 5 to 612 flats, and printed handover dates range from December 2027 (Isani Park, Blocks C and D) to June 2029 (Isani Park, Blocks A and B) where a date exists; four of the ten print none. Only Mindeli and Jikia share the Saburtalo district with this project. The two projects with three-figure counters, Isani Park and Urban East, are in the Isani and Samgori districts, and the Varketili projects are in the Varketili area of Samgori district.
Other Tbilisi listings are useful context, each with its own sources and conflicts: m² Highlight and m² at Mirtskhulava from m², Mira Verde in Tbilisi Hills by Mira Developments, and the guide to Tbilisi real estate prices. For the country overview see Georgia portfolio and the Tbilisi city page.
The following comes from the developer’s pages and from sources attributed below. The About page says the development company “Tetri Kvadrati” is part of BK Holding, an ecosystem that also includes the construction company BK Construction and the Construction College Construct2, and that BK Construction has worked in Georgia for over 30 years.
The page names Giorgi Natroshvili as Chief Executive Officer and Irakli Burdiladze as Managing Partner. The site’s English pages use “Tetri Kvadrati” and the terms page names White Square as the operator of the website; older material, banks and the press use “White Square”.
The homepage counters, which are the developer’s own claims, read 11 ongoing projects, 6 completed projects and more than 2,500 completed apartments; the homepage also says the company has delivered large-scale projects since 2021. The company is active in Tbilisi and Kutaisi, with a head office on Vazha-Pshavela Avenue in Tbilisi and sales offices in Tbilisi and Kutaisi, according to the contact page.
The BK Holding project page for Filigreen 2 gives the client as Tetri Kvadrati. BasisBank’s page lists White Square as a partner developer for its Kavtaradze complex. The registry data for the legal entity was not retrievable in the data pass, so a buyer should take the entity name and registration number from the contract and from the registry.
On 12 November 2026 the developer’s project page counts six apartments as available: one in Block 1, three in Block 2 and two in Block 5. The unit pages show that the counter includes reserved flats, so two are free (Nos. 48 and 87) and four are reserved (Nos. 85, 93, 249 and 269). The counters change as units are reserved or released, so the same pages should be read again before any decision.
The developer’s page prints USD 130,500 for apartment 87 (72.5 m²) at USD 1,800 per m². Apartment 48 (233 m²) is shown at the same rate with a page price of GEL 1,087,630, which converts to USD 419,400; its data payload carries USD 409,760. These are asking prices that the developer may change, and the guide has not repaired the difference.
The developer’s pages print none, in English, Russian or Georgian. Korter labels Blocks 1, 2 and 5 as Q4 2026 (3 November 2026), the BK Holding project page gives a completion year of 2027, and Buildings.ge lists 2026. Nothing printed covers Blocks 3, 4 and 6. The date that binds is the one written into the sale contract, together with the definition of handover and the provision for a missed date.
The projects list shows a “from” figure of USD 1,350 per m². It matches reserved apartment 269, whose payload price is USD 413,910 for 306.6 m². Both free flats are USD 1,800 per m², and Korter’s “from USD 123,120” refers to apartment 249, which the developer’s page showed as reserved on 12 November. The lowest price among free flats is USD 130,500.
Korter and tbilisi-property.com print “white frame”; the developer’s pages state no finish and describe YTONG walls and aluminium double glazing, while Korter describes a monolithic frame with brick outer walls. The term is not defined on w2.ge. A buyer should ask for an itemised specification for the exact unit, covering walls, floors, screed, windows, balcony glazing and utility connections, and attach it to the contract.
Georgian law lets a foreigner own an apartment or a commercial unit, with agricultural land the exception. Ownership passes on a written transaction and registration in the Public Registry under Article 183 of the Civil Code. NAPR lists registration fees from GEL 150 to GEL 350 depending on speed. A buyer abroad may use an apostilled power of attorney or NAPR’s online smart-contract service, subject to what the developer accepts.
No result follows from a price. The Public Service Development Agency describes a short-term residence permit for property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, set by a certified assessor, and an investment permit for property exceeding USD 300,000. The printed price of flat 87 is below USD 150,000 and that of flat 48 is above USD 300,000; the test is the assessed value.
Since 30 September 2026 a natural person’s property other than land is exempt if the family’s income in the previous year did not exceed GEL 100,000. Above that, the Tax Code sets 0.8 to 1 percent of the market value at the end of the previous year. The return is due by 1 November and payment by 15 November. This is not tax advice, and an adviser should confirm the position.
No bank page naming Filigreen 2 was found. Korter shows a TBC Bank calculator from 7.4 percent nominal (8.3 percent effective, linked to Term SOFR), which is a portal figure and not the bank’s offer. National Bank of Georgia limits cap loan-to-value at 90 percent in lari and 70 percent in foreign currency. Acceptance of the project is a question for the bank.
The Key Card is the developer’s programme for residents. Its page says it unites up to 50 partner companies with discounts on renovation materials, furniture, appliances, interior design, education, sports and more, and it lists discount labels for individual partners, between 10 and 50 percent. The page does not state eligibility, validity or issue rules and describes no change to the apartment price, so a buyer should ask for the card terms in writing.
Last checked: 12 November 2026. Sources:
This is not legal, tax or financial advice.
