CI Capital Investment Bank reveals distinguished payment plans at Talaat Moustafa Group Holding’s (TMG) Capital Gardens, Invest-Gate reports.
The project’s payment systems have one of the longest installment plans ranging from 13 to 15 years; not to mention the distinguished products that the project offers, including many technological services, according to CI Capital.
Furthermore, the investment bank expects that the sales of the project will reach nearly EGP 826 bn for the residential units, and EGP58 bn for the non-residential, while the investment costs are estimated at EGP 500 bn.
The project includes 140,000 residential units, commercial, retail, medical, educational projects, and a 5-star gym and hotel, the statement reads.
On its part, CI Capital, raised the valuation of the shares of Talaat Mustafa projects by 50% of the group’s shares price on the stock exchange which will add EGP 7.50 per share. The positive expectations were boosted by the large sales movement of Hisham Talaat Mostafa Holding Group after it recorded about EGP 787 bn in residential unit sales, the statement elaborates.
CI Capital also states that an agreement has been signed to purchase 21,000,000 sqm of land from the New Urban Communities Authority, with a total value of EGP 44 bn, and the project will be launched this year. The Investment Bank also refers to the risks of the project such as the decline in the market share and the high competition, as the Egyptian government is offering more lands.