Saturday 11 July 2020
Books – Mohamed Abdel Nasser:
Dr. Assem Al-Jazzar, Minister of Housing, Utilities and Urban Communities, announced that the first advertisements for the sale of housing units, in cooperation between the Social Housing Fund and Real Estate Finance, and the New Urban Communities Authority, have been made for middle-income citizens with a number of new cities with areas ranging from 100 square meters to 150 square meters in full Finishing, with prices starting from 364 thousand pounds.
Al-Jazzar added, according to a statement, that this comes in light of the Central Bank of Egypt’s initiative for middle income, issued on 12/19/2019 and amended on 3/19/2020, to provide financing to middle income at a rate of 8% decreasing annually for a period of up to 20 years with the real estate financing system. .
May Abdel Hamid, CEO of the Social Housing Fund and Real Estate Finance Support, indicated that the number of units that will be launched in the advertisement is 2271 units distributed in 13 cities, at the level of 9 governorates: namely Cairo – Giza – Qaliubiya – Menoufia – Sharkia – Assiut – Damietta – Minya – Qena), in 3 projects (Sakan Misr – Jannah – Dar Misr).
May Abdul Hamid indicated that the door to pay the reservations required for the three projects will be opened, and the booklet of conditions attached to the website be available, in addition to registering the data of the applicant and submitting the request to reserve the housing unit for a month starting from Sunday, 7/19/2020 until Thursday, corresponding to 8/20/2020, which will be submitted through the Fund’s electronic portal cservices.shmff.gov.eg.