Mountain View plans to launch real estate units, including villas and apartments, in ten out of its 13 projects across Egypt, with targeted sales of EGP 1.5 bn during the current year, Invest-Gate reports.

During a press conference held on March 12, Mountain View Chairman Amr Soliman said Mountain View -since its inception- is used to keep 20% of every project’s total units as a strategic stock to be relaunched later with different prices based on the market’s climate at the offering date.

Additionally, he announced an installment program over seven years for the ready units, stressing that such programs contribute to encouraging investments in the Egyptian real estate sector.

The chairman noted that the company has developed 13 projects in New Cairo, 6th of October City, North Coast, and Ain Sokhna, while managing to deliver more than 4,800 units in the past period. Mountain View also plans to deliver its partnership projects with the New Urban Communities Authority (NUCA) in 2020, Soliman added.

He expects real estate prices to hike by 15-20% in 2019, the same average price hike seen in the prior year.