In a big transfer to reinforce housing accessibility, the New City Communities Authority has opened bidding for about 1,645 residential items.
Starting from 50 to 161 sq. meters, these items at the moment are accessible for consumers, in accordance to Sherif El Sherbini, Egypt’s Minister of Housing, Utilities, and City Communities.
There are versatile fee choices for instant reservations throughout eight new cities.
The bidding interval is about from September 29 to October 28, with paperwork and specs accessible on the respective metropolis administration workplaces. Reservations at the moment are open in eight new cities, with versatile fee choices accessible.
Hassan Al-Shourbagy, Vice President of the New City Communities Authority for Actual Property and Industrial Affairs, introduced that the items embody 255 items within the tenth of Ramadan Metropolis, with sizes starting from 63 to 105 sq. meters, with costs starting from EGP 460,000 (USD 9,510) to EGP 720,000 (USD 14,885).
Within the sixth of October Metropolis, there are 137 items in sizes ranging from 55 to 90 sq. meters. The value of a 90-square-meter unit is EGP 768,000 (USD 15,877). In New Mansoura Metropolis, there are 878 items beneath the Janna challenge accessible, with sizes starting from 100 to 150 sq. meters, and costs reaching from EGP 1.4 million (USD 28,943) to EGP 1.7 million (USD 35,145).
There are 5 items accessible in Al-Obour with sizes starting from 75 to 104 sq. meters, and eight items in New Salhiya, with sizes starting from 65 to 161 sq. meters. In New Mallawi, there are 240 items, with sizes starting from 100 to 161 sq. meters. Eight items can be found in New Borg El Arab with sizes starting from 79 to 140 sq. meters, and 114 items in New Rashid with sizes starting from 90 to 93 sq. meters.
Allocations shall be carried out via a handbook public lottery as soon as the reservation interval concludes.
This initiative displays the Ministry’s dedication, via the Authority, to diversify the choices of residential items in varied types to fulfill the wants of all segments of society, aligning with President Abdel Fattah Al-Sisi’s directives to make sure appropriate housing for residents.
To use for a housing unit, the applicant should be at the least 21 years previous with authorized capability. Members of the family, particularly husbands and wives, are usually not permitted to use for a couple of unit. When buying the situations booklet, which comprises a reservation type from town authority, candidates will discover detailed details about the accessible areas, costs, and constructing numbers. The residences accessible on the market are supposed solely for residential use, and consumers are strictly prohibited from altering the designated function of the items.
This housing initiative represents a big effort to increase entry to inexpensive properties for Egyptians, providing varied unit sizes, versatile fee plans, and a transparent, clear allocation system.