Egypt’s Ministry of Housing said the New Urban Communities Authority board approved establishing a permanent mechanism to allocate vacant residential units in premium housing, Sakan Misr, and Jannah projects in new cities, Invest-Gate reports.

Units in West Assiut, West Qena, New Mansoura, New Rashid, and New Malwa will be available for immediate reservation through competent city agencies, the ministry said.

Minister Assem Al-Gazzar said applicants must be natural persons aged 21 or older, or guardians reserving for minors. If oversubscribed, allocations will be decided by public lottery at approved pricing committees’ prices.

NUCA Vice President for Real Estate Amin Ghoneim detailed the financial transaction process, payment timelines, and installment plans ranging from 3-10 years.

He said city authorities will announce available units on boards, websites, and newspapers. Technical committees will receive and screen applications, conduct lotteries if needed, and submit recommendations for approval.

The measures aim to ensure a regular supply of vacant homes in new communities. Standardizing the reservation process could also help boost sales and development progress in Egypt’s expanding housing sector.