SODIC Uncovers Pre-Launch of Solar-Powered Phase II in VYE

SODIC Uncovers Pre-Launch of Solar-Powered Phase II in VYE

Sixth of October for Development and Investment Company (SODIC) has unveiled the pre-launch of phase II of its latest New Zayed project, or “VYE,” introducing a limited range of solar-powered homes, Invest-Gate reports.

After the successful sold-out launch of phase I, SODIC attempted to offer a youthful and energized experience at VYE by presenting the second phase, called “SOL,” which will comprise a handful of efficiently-designed townhouses and twin homes, the Egypt-based company’s revealed in an emailed note on July 28.

With prices of townhouses starting from EGP 4.5 mn, SOL provides potential customers with an eight-year installment plan, thereby acquiring “a key investment in an upcoming destination with a promising return on investment (ROI),” read SODIC’s online bulletin.

Interlinked by cycling and bike lanes, phase II offers eco-friendly residential units that feature efficient internal designs, while also boasting several community gardens and co-working spaces that are strategically located at the heart of New Zayed, with direct access to Mehwar Rod El Farag and New Zayed’s City Loop.

On June 29, SODIC uncovered that the first batch of standalone villas in west Cairo’s VYE project has been sold out, raising EGP 250 mn in sales within 48 hours only, after logging a 25% uptick in residential contractual sales in Q1 2020.

West Cairo contributed 70% of sales for the quarter driven by the strong performance of VYE, which represented 45% of sales during the period, according to an earlier statement.

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