TG Developments announced it has completed over 60% of construction at its Palm Capital project within just one year of breaking ground, Invest-Gate reports.

The company also began construction on Palm Island, in line with its strategy to accelerate delivery timelines across all developments.

Ashraf Tahoon, Chairman of TG Developments, said the company currently manages three projects: Palm Capital in El Shorouk, Palm Island on Suez Road, and Palm East in New Cairo’s South Investors Area, the latest to launch.

Located directly on Gamal Abdel Nasser Axis, Palm Capital spans 18 feddans and features 24 residential buildings and a commercial-administrative zone on an 11,000 sqm plot. Tahoon noted that A PLUS manages the project, and buyers can view their units before purchase due to advanced construction progress.

Aya Kamal, Commercial Director at TG Developments, said Palm Island lies opposite Madinaty Gate 3 on Suez Road, covering 12 feddans with units starting at 80 sqm. Designed by HAFEZ CONSULTANTS, it offers payment plans of up to 10 years and will be managed by A PLUS.

She added that Palm East, located two minutes from AUC and Waterway, features residential units from 90 sqm with down payments starting at 7%. The project includes a hospitality component operated by Hilton.

Ahmed Sami, Chairman of IDEA GROUP, said the firm serves as strategic marketing advisor to TG Developments, facilitating partnerships with HAFEZ CONSULTANTS, Moharram Bakhoum, and A PLUS. He highlighted their joint efforts to deliver integrated marketing solutions tailored to Egypt’s evolving real estate market.