2,278 Land Plots to be Distributed in Sadat City

Tuesday, 18th October 2016

The New Urban Communities Authority (NUCA) has offered a public lottery to distribute 2278 land plots as part of the social housing program in Sadat City, with units ranging from 209 to 276 square meters and prices starting at EGP 680 per square meter, Al Borsa reported.

Applicants may participate in the public lottery only if they paid for pre-payment according to Fathy El Sebaey, Chairman and Managing Director of the Housing and Development Bank.

NUCA has previously offered 11,000 land plots dedicated for social housing projects spread out over 21 new cities.

NUCA has earned EGP 12.5 billion worth of revenues in pre-payment on offered lands with 178,600 interested buyers and an additional 132,300 buyers who have applied for land plots.

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