Sixth of October Development and Investment Company (SODIC) sold out the first batch of residential units at its newest 240-acre west Cairo project in New Zayed, dubbed “Karmell,” on the first day of launch on December 16, Invest-Gate reports.
This is the second project to be rolled out within SODIC’s 500-acre plot in New Zayed, following the successful launch of the “VYE” gated community in late 2019, both developed in partnership with New Urban Communities Authority (NUCA), according to the Egypt-based developer’s recent press release.
The first phase of Karmell comprises several contemporary residential buildings, including fully-finished double-floor houses, with modern floating stairs to bridge the vertical distance. That is besides some affordable villas designed to comprise private quarters for parents/couples and garden rooms.
Speaking of the latest addition, SODIC’s CCO and COO Nabil Amasha commented, “We are very excited that the new concept and products were so well received by our clients. This project targets young home seekers looking for easy living and understated sophistication.”
In December 2019, SODIC has announced selling out EGP 1 bn worth of units at its New Zayed project, called “VYE,” in 48 hours only due to high demand, as highlighted in a prior statement.