Egypt’s real estate developer Castle Development has launched the third phase of Castle Landmark, named “Springfield,” in the New Administrative Capital (NAC), with investments valued at EGP 450 mn, Invest-Gate reports.
Spanning across six acres, and slated for delivery in 2022, Springfield offers a total of 238 unfinished units, with sizes ranging between 120 and 285 square meters, according to an official statement on August 1.
“We pay close attention to customer and market needs and try to make sure our performance in responding to both by having a variety of options available. Springfield is our take on going back to basics; we are offering customizable units to customers who want quality, flexible homes. It is a product that is disappearing from the market,” Castle Development CEO Ahmed Mansour said.
Prices at Springfield range between EGP 10,000 and EGP 11,700 per square meters. “Around 30% of our targeted customers make a purchase depending on unit prices, this phase offers less costly homes that allow for choices that align with customer priorities while providing access to the compound’s facilities and amenities,” he added.
Springfield’s units are complemented with air conditioning extensions, steel windows, plumbing, and premium security systems, according to the statement. The project’s convenient design incorporates barrier-free, fully equipped solutions installed in its infrastructure, allowing for trouble-free and practical movement, it added.
Being developed in partnership with El Makassa, Castle Landmark is ideally located at NAC’s R7 site and covers a total land area of 43 acres.
Castle Development earlier contracted MIG, one of its sister companies, to carry out construction work for Castle Landmark, while Egyptian-German Okoplan Consulting Engineers, were chosen to do the landscaping. Moreover, a partnership with an international insurance company, MetLife Alico, was established to provide a two-year coverage to all units in case of fire, theft, and accidents.
The master plan introduces cutting-edge, ultra-modern design concepts that involve elements of nature in every aspect of its plan, where 81% of the land area is allocated to greenery and open space. A lineup of premium amenities and facilities will be available for all unit owners, including a clubhouse, gym, comprehensive parking space, as well as commercial and recreational areas, all adjacent to NAC’s Green River.