HMD launches two new projects, Golden Views and Twin Tower, at the New Administrative Capital (NAC) at an investment cost of EGP 900mn, Invest-Gate reports.
Chairman of HMD Ibrahim Abdel Dayem reveals that Golden View is a project located in the NAC’s downtown, spanning over 3,763 sqm and includes 10 floors. The project overlooks the Gold Market and the Mosque of Egypt directly. It also features a 1000 Car-parking. Twin Tower is the other project launched and covers 3,434 sqm in downtown as well and includes 12 floors, overlooking the CBD.
Furthermore, Abdel Dayem explains that both projects contain commercial, administrative and medical units, pointing out that all units in these projects are suitable for all customers’ segments. “The prices of commercial units start at EGP 1.5 mn, while the prices of administrative and medical units start at EGP 650,000,” he says.
Moreover, he declares that the company offers flexible payment terms starting from 10% and installments up to 12 years, stressing that both projects are planned to be completed within three and a half years.
For his part, Abdullah Anwar, CEO of the company, comments that NAC is witnessing a booming demand for non-residential projects, whether administrative, commercial or medical, which led the company to start its first projects in this type of investment.
It’s noteworthy that HMD was founded by an alliance of major real estate developers with experience and credibility, whose business is spread through several Egyptian governorates, including Cairo, Alexandria, Sharqia, and others.