Housing & Development properties Company (HDP) launches Terrace, its first project in the real estate market, in Sheikh Zayed City on an area of 31 acres, Invest-Gate reports.
Mohamed Elwi, CEO of HDP, reveals that the project includes 700 housing units, featuring apartments of various sizes.
He notes that the project is planned to be marketed within two years.
Elwi says that Terrace comprises various services and luxury elements, with built-up areas incorporating 16% of the project and the remainder being dedicated to recreational green areas.
The top executive remarks that HDP is in talks to market new projects in East Cairo, West Cairo, the North Coast, Ain Sokhna, El-Galala, and the New Administrative Capita in the coming period.
Amgad Hassanein, Chairperson of HDP, notes that the company is ready for partnerships with land authorities to establish the appropriate methods for the project’s supervision, design, payment systems, operation, and management.
It is worth noting that HDP is the investment and marketing arm of the Housing and Development Bank.