Wednesday 15 January 2020
Books – Mohamed Abdel Nasser:
Dr. Assem Al-Jazzar, the Minister of Housing, Utilities and Urban Communities, announced the preparation of the Ministry of Housing, represented by the New Urban Communities Authority, to offer a number of available housing units in the new administrative capital, and a number of fourth-generation cities and new Upper Egypt cities.
Dr. Walid Abbas, Deputy Minister of Housing for New Urban Communities Authority Affairs, stated that the proposal comes in light of the Central Bank announcing an initiative to finance housing units in installments over 20 years at an interest rate of 10%, at a value of 50 billion pounds, according to the following conditions:
– The area of the housing unit does not exceed 150 sq m fully finished to ensure that the client resides in it.
The unit price should not exceed 2.25 million pounds.
The client does not benefit from any initiative put forward for real estate financing or medium housing.
– Pay the customer by paying 20% in advance to ensure seriousness.
The Deputy Minister of Housing for New Urban Communities Authority Affairs indicated that the offering will be announced soon through the official newspapers, the website of the authority “http://www.newcities.gov.eg”, and the application “APP – NUCA”.