Fitch-linked report says 30% of Silk Towers sale units reserved or pre-sold

Silk Towers in Batumi has made progress with advance marketing and sales, according to reporting based on Fitch Ratings commentary published on 12 October. The report says the company estimated that, by June 2026, about 30% of the residential units intended for sale had already been pre-sold or reserved. It is important not to present that combined figure as completed apartment purchases: a booking may be subject to different payment terms and cancellation conditions from an executed sale.

The Fitch-related coverage also points to land already owned by Silk Road for new developments, which it says can limit additional land-acquisition spending. Cash generation from Silknet and existing hospitality businesses is described as a potential source of group-level funding for new property projects. Fitch separately affirmed Silk Road Group at BB− with a stable outlook on 8 October, as reported by Cbonds. These group-level observations do not guarantee the financing, handover date or performance of every individual building.

For a prospective buyer, the relevant questions concern the contracted unit, construction phase, cash collection rather than reservations, financing arrangements and developer obligations if delivery slips. The latest commentary is evidence of reported commercial progress, not proof that 30% of homes have been fully paid for or delivered. Readers comparing other Batumi locations can consult the HomeRadar district comparison, which uses modeled indicators rather than verified project cash flows.