Mohamed Anwar Hilal, CEO of TOREC Developments, announced the overwhelming success of the Saba Residence compound project, with 2,510 customers making initial payments for 600 available apartments within just five days of the online booking window opening, Invest-Gate reports.

More than 10,686 clients extracted reservation forms during the five-day booking period, indicating strong interest in the project.

The online reservation system opened on Sunday, October 13, and remained active until Thursday, October 17, 2024. Five buildings (120 apartments) were available daily. However, the units sold out within minutes of the site’s live, reflecting massive demand.

Moreover, Hilal provided detailed insights into the booking process, noting that on the first day, 4,848 customers extracted forms, with 875 securing reservations for the 120 apartments within just 53 minutes.

On the second day, 528 clients secured units in just 7 minutes, followed by 378 customers on the third day in 5 minutes. Similarly, the fourth and fifth days saw rapid bookings, with all units reserved in less than 10 minutes each day.

Furthermore, the initial reservation fee was set at EGP 151,000, and customers will complete 15% of the unit’s total price between October 22 and November 7, 2024. Contracts will be signed starting November 17, 2024.

Saba Residence offers apartments priced at EGP 17,300 per square meter (excluding premium charges and administrative fees). The apartments range from 90 to 141 square meters, each featuring three bedrooms and two bathrooms, with flexible payment plans over 3, 5, or 7 years.