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Modern: construction, prices and buying terms

FAKTOR team
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Modern is built by STIKON. The complex stands in the Kyivskyi district, on Ivana Franka Street, it is business class, and the planned completion year is 2026. Apartments run from 33-120 m², 1 to 4 rooms. It is several sections with a gated grounds and underground parking in the Velykyi Fontan area.

Everything about this complex is gathered here in one place: the construction timeline from the site reports, what is on sale, the terms people buy on, and what is worth checking here specifically. These reports used to appear as separate monthly news items, and now they are here.

What the complex is

The complex is handed over in phases rather than as a single building: the catalogue shows the term as 2023-2026, which means some buildings are already up and others are still going up. That matters to a buyer for two reasons. First, the neighbouring buildings can be seen for real rather than in a render. Second, an apartment in a new phase is bought at a stage where the deadline can still slip, so what to look at is the deadline of your phase rather than of the whole complex.

STIKON has been building in Odesa for years and has several dozen complexes. The list, with how many are on sale now, is on the developer page.

Construction timeline

From the reports published from the site. Each entry is a date and what it said.

  • 19 January 2025: site report
  • 11 February 2025: site report
  • 5 September 2025: site report
  • 17 January 2026: site report
  • 15 February 2026: site report
  • 8 March 2026: site report
  • 8 April 2026: site report
  • 8 May 2026: site report
  • 17 July 2026: site report
  • 10 August 2026: site report

What this shows: the site works steadily, without pauses of several months, and the phases are handed over in order. That is not a guarantee of the deadline, but it is the one fact about a developer you can verify without taking their word for it.

Prices and what is on sale

Prices in the complex change with the phase and the stage of construction, so there is no sense in freezing them into a news text. The current price list, the layouts and what is on sale today are on the Modern page.

For comparison with the market: a metre across Odesa apartments now costs 1 227 $, and a metre in a new build is almost always dearer than one on the resale market for the same floor area. Prices by district are on the apartment prices in Odesa page.

Buying terms

An apartment here is bought outright, on instalments from the developer, or with a loan. Instalments are a contract with the developer itself; there is usually no interest, but there is no consumer credit protection either, and all you have is the text of the contract. Read the clause on revising the price during the instalment period and the clause on late payment from your side.

A new build can be bought with a mortgage or under a state programme. The bank checks the developer and the land documents itself, and a refusal from it is a strong signal to look more closely.

We take no commission from the buyer: the apartment sells at the developer price and the developer pays the agency fee.

What to check here specifically

The deadline of your own phase rather than of the complex: the catalogue shows 2023-2026, and those are different buildings with different dates. Then title to the land and the lease term, the construction permit, and whether the number of storeys in it matches what is being sold.

Parking separately: how many spaces against the number of apartments, and whether a space is included in the price. And building management separately: who runs it after handover and whether there is a one off fee when the keys are handed over. A buyer hears about these two sums last and pays them first.

We check the documents as part of our document and developer checks, free for the buyer.

When is Modern due for completion?

The planned year is 2026. But the complex is handed over in phases, and the catalogue shows the term as 2023-2026: each phase has its own date. Ask about the deadline of the phase your apartment is in.

Who is the developer?

STIKON. It has been building in Odesa for years and has several dozen complexes, some already finished. The list is on the developer page.

What apartments are on sale?

Floor areas from 33-120 m², 1 to 4 rooms. What is available today, with layouts and prices, is on the complex page: availability changes daily.

Can it be bought on instalments?

Yes, developer instalments are possible and the terms depend on the phase. There is usually no interest, but read the clause on revising the price and on late payment. Mortgages and state programmes are possible too.

What should be checked before the deposit?

The deadline of your phase, title to the land and the lease term, the construction permit and whether the storeys in it match what is sold. Parking and the service fee after handover separately.

Looking for an apartment in Odesa?

We will shortlist options for your budget and guide the deal from the first viewing to signing.

FAKTOR team
Real estate agency: sales, new developments, rentals and legal support of deals in Odesa.
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