Over 6,000 Housing Units Put Forth in 13 New Cities

Over 6,000 Housing Units Put Forth in 13 New Cities

The online reservation of 6,101 residential units, located in 13 new cities within Sakan Misr and Dar Misr middle-income housing projects, has commenced as part of the state’s plans to accommodate families of all income brackets, Invest-Gate reports.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 3,156 housing units, with areas varying between 106 and 115 square meters, are being booked on the Housing and Development Bank’s (HDB) website (https://www.hdb-reservation.com/) starting January 2. Those houses are found in the Sakan Misr projects of New Mansoura, Badr City, New October, New Cairo, and Obour City, according to an official statement on January 1.

Another 2,714 residences, with areas ranging from 100 to 150 square meters, will be listed on the aforesaid website in the Dar Misr projects of New Borg El Arab, Obour City, 6th of October City, New Cairo, 10th of Ramadan City, Badr City, Sadat City, and 15th of May City as of January 12, El Gazzar pinpointed.

Potential buyers are to pay a reservation deposit of EGP 50,000 as units are strictly available on a first-come, first-served basis to pre-registrants only. However, clients are to relish flexible installment plans and prompt-pay discounts when purchasing any of the supra properties, the minister noted, indicating that the offering terms, reservation procedures, payment methods, as well as, unit prices, location, areas, and more details are found on the bank’s webpage.

Likewise, with areas of 106 and 115 square meters, merely 231 housing units will be offered in the social housing projects of three new cities in Upper Egypt, notably New Minya, West Qena, and West Assiut, Deputy Chairman of the New Urban Communities Authority (NUCA) for Real Estate and Commercial Affairs Mohamed Hilal revealed, stressing that online booking of those units will begin on February 2.

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