Edrees Mohamed, Akam Developments’ CCO, reveals that the new units in the SCENE7 project in the New Administrative Capital will be launched, with payment facilities of up to 10 years, Invest-Gate reports.
This came during the company’s participation in The Real Gate Exhibition 25-27 March, which includes distinctive residential units with various spaces, according to a company press release on March 28.
Edrees further confirms that the company is targeting sales of up to EGP 2.2 bn in 2021. ” We study the launch of new projects in the Administrative Capital, New Alamein, Ain Sokhna. The company has achieved sales of EGP 3.4 bn from Scenario project in the capital. The company has completed the sale of the first phase. It will be delivered at the end of 2021,” he elaborates.
On his part, Mohamed Amer, head of the sales sector at AKAM, says in a previous statement that they are offering for the three days distinct and exclusive discounts on the units of its second project in the new administrative capital SCENE7 as part of their participation in The Real Gate exhibition with payment facilities up to ten years and 10% down payment.
He further adds that there are special discounts on cash payment of up to 40%, indicating that the company launched the project during the last quarter of 2020, and finished selling the first phase in a record time, and then launched the second phase, which has reached 80% of its sales so far.
SCENE7 project is the first sports compound in the New Administrative Capital. It includes the largest international sports academies, playgrounds, swimming pool, a sports mall, a commercial mall, which provides all the needs of the customers and brings them luxury, comfort, and happiness, the statement reads.
SCENE7 project is in the R7 area, extends over an area of 40 acres. The third phase of the project is scheduled to be launched after Ramadan, Amer says.
Moreover, he notes that the completion rates of the project have reached 19%. As for the Scenario project sales, they reached 89% of the total units with a value of EGP 3.4 bn. The project construction exceeded 45%.