Heliopolis Housing Appoints Consultants to Create Master Plan for Helio Park

• Tuesday, 22nd November 2016
• by Karim Mohy

Heliopolis Housing & Development (HHD) appointed Associated Consultants to draw up the master plan for its new 7.14 mn square meter project Helio Park

Landlords Discuss Amending Old Rental Law with Parliament

• Tuesday, 22nd November 2016
• by Karim Mohy

Several citizens who own residential units that operate under the old rental law have launched a lobbying group to discuss their issues with the old rental law with parliament.

Palmier to Construct Resort in Matrouh

• Tuesday, 22nd November 2016
• by Karim Mohy

Palmier Real Estate Investment & Project Management will construct a resort in Matrouh governorate, measuring 10 acres with a total investment cost of EGP 140 mn, according to Mohamed Abdel Aziz, the company’s Chairman.

Samcrete Records EGP 3.15 mn Profit in Q3 2016

• Monday, 21st November 2016
• by Karim Mohy

Samcrete for Real Estate Development have turned their losses into profits in the third quarter of 2016, recording a total profit of EGP 3.15 mn within three months, compared to last year’s EGP 514,200, according to a financial statement released on Sunday.

CHD Q3 Profits Increase 226% y-o-y

• Monday, 21st November 2016
• by Karim Mohy

Cairo for Housing and Development (CHD) recorded a 266.2% profit increase in the third quarter of 2016, according to a financial statement released on Sunday.

Government Studies Possibility of Compensating Developers

• Monday, 21st November 2016
• by Karim Mohy

Ten different ministries in the Cabinet are studying the possibility of compensating real estate developers for losses incurred due to recent economic decisions, in cooperation with the committee for compensations at the Ministry of Housing, Utilities, and Urban Communities.

New Negotiations Commence over Administrative Capital Land Pricing

• Monday, 21st November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities has begun negotiating with real estate companies over land pricing in the New Administrative Capital, in efforts to sell the first phase of the city after re-pricing it in accordance with the previously announced 25% discount.

600 Social Housing Units to be Built in Badr City

• Sunday, 20th November 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) has offered tenders for 600 residential units to Cairo Building Maintenance & Decoration Co. LLC, in efforts to complete the second phase of the social housing project located in Badr City.

AMG to Oversee Green Area Project in 10th of Ramadan City

• Sunday, 20th November 2016
• by Karim Mohy

Amar Consulting Group will supervise the execution of Green Area residential project in the 10th of Ramadan City, at a total investment cost of EGP 120 mn.

Social Housing Fund Allocates Homes to Interior Ministry

• Sunday, 20th November 2016
• by Karim Mohy

The Social Housing Fund approved the allocation of 864 social housing units in New Sohag to Ministry of Interior employees.