Lasirena Group opens sales of the final phase of Lasirena North Coast with a payment plan up to 10 years, Invest-Gate reports.

Lasirena Group Chairman Mahmoud Omar says, “Only 100 units remaining from the Lasirena North Coast compound will be offered. These units are near Aqua Park.” Out of the 1000 units of Lasirena North Coast, almost 900 units have been sold, and 500 units of which have been delivered up till now, he confirms. Lasirena’s final phase will be completed in the coming four years.

The 55-acre Lasirena North Coast provides fascinating services ranging from fully operational commercial and entertainment center; the project has received investments of EGP1.5bn. Moreover, Omar emphasizes that coastal compounds, particularly on the North Coast, are experiencing higher demand during ” Eid Fitr Feast”. He expects demand to continue to grow, amidst the scarcity of compounds and new phases of property projects that have been made available on the North Coast this season.

Moreover, North Coast’s surge in demand arises due to the construction and development boom at nearby New Alamein City.
Omar expects prices of North Coast’s projects to rise at least 10 to 15 %, adding that prices of Lasirena units have increased 50 to 60 %. “Lasirena Group will hand over 1000 units at three projects on the North Coast, Ain Sokhna, Ras Sidr during the second half of 2021,” he explains.

Lasirena Group has expansion plans for the Egyptian market and prioritizes the investments into 4G cities to keep pace with the state’s development and construction plan.