Over 200 Thousand Show Interest in Government Land Lottery

Tuesday, 31st May 2016

211,759 citizens have withdrawn conditions pamphlets for the recently announced land lottery by the Housing and Development Bank, 146,869 of which were for the social housing lots, 38,302 were for the premium lands, and 26,588 were for the most distinct, reported Invest Gate.

Despite the significant turnout, only 134,020 have confirmed their interest with down payments, 105,353 of which were for social housing lots, 18,157 for the premium lots, and 10,510 for the most distinct pieces.  Lot sizes range from 209-1,500 square meters.

Land pieces were offered by the Ministry of Housing, Utilities and Urban Communities in April 2016, as the first phase of a 60,000 land tender project. The project covers 21 new cities, including New Cairo, 6th of October, Sheikh Zayed, Shorouk, Obour, the 10th of Ramadan, Badr, 15th of May, New Salheya, New Minya, New Borg El Arab, New Sohag, New Thebes, Sadat, New Assiut, new Akhmim, New Fayoum, New Nubaria, New Aswan, New Beni Suef, and New Damietta Cities.

Share your thoughts

Please Enter This Code: