Sixth of October for Development and Investment Company (SODIC) said the first batch of standalone villas in west Cairo’s VYE project has been sold out, raising EGP 250 mn in sales within 48 hours only, Invest-Gate reports.
In its first launch during the outbreak, SODIC is bringing a new concept of small-scale villas. “The all-new 4-in-1 villa delivers on four main criteria usually only available in mansion living made available in attainably-sized homes,” read the developer’s press release on June 28.
The new module offers “more privacy and convenience for parents with a master suite, including a bedroom, living room, spacious his and hers bathrooms, a dressing space, and an open terrace, all in a private quarter, in addition to a double kitchen for both entertainment and a participatory lifestyle, while maintaining a closed-off hard kitchen, a multi-purpose room to serve as an office space or recreational room,” it added.
According to the statement, all homes are solar-powered, with potential clients granted the option to see fully-finished deliveries.
Commenting on the move, Nabil Amasha, the company’s CCO, underlined, “We are very pleased with the successful launch. With everything happening now, it has never been more important to be relevant and to stay ahead of customers changing needs.”
Extending over 500 acres, VYE – the first of three neighborhoods in SODIC’s newest integrated project in New Zayed – promises an eco-friendly living with its unique outdoor areas, which are innovatively and functionally designed to cater to sports and community activities, according to a previous statement.
On June 15, SODIC confirmed logging a 25% uptick in residential contractual sales in Q1 2020. West Cairo contributed 70% of sales for the quarter driven by the strong performance of VYE, which represented 45% of sales during the period.