Samcrete Finalizes Pyramids Heights Residences’ Designs

• Thursday, 13th October 2016
• by Fatma Khaled

Samcrete Engineers & Contractors (SMCS) has finalized designs for Pyramids Heights Residences project at a total cost of EGP 1.2 billion, aiming at bringing revenues worth of EGP 2 billion.

Commercial Mall to be Launched in 15th of May City

• Thursday, 13th October 2016
• by Fatma Khaled

The 15th of May City Authority is offering construction tenders for a commercial mall on an area of 120 acres, as part of the fourth phase of the social housing project next month.

Ministry Clarifies Status of Social Housing Applications in Port Said

• Wednesday, 12th October 2016
• by Fatma Khaled

Following the confusion that arose regarding the status of applicants in the social housing programme in Port Said, Head of the Mortgage Finance Fund Mai Abdel Hamid clarified that only 26,875 of the previous applicants were accepted, after the applications were sorted for eligibility.

Capital Group Appoints Hassan Allam to Execute Al Burouj Townhouses

• Wednesday, 12th October 2016
• by Fatma Khaled

Capital Group Properties has assigned the construction of 250 townhouses in Al Burouj project in Shorouk City to Hassan Allam Contracting Company, which will commence construction work this month.

MFF Head: VAT, Dollar Value to Increase Real Estate Prices

• Wednesday, 12th October 2016
• by Fatma Khaled

The increasing value of the dollar and the new value-added tax (VAT) are expected to result in an increase in the prices of social housing units, according to Mai Abdel Hamid, Head of the Mortgage Finance Fund.

Housing Ministry to Remove Violations in New Cities

• Wednesday, 12th October 2016
• by Fatma Khaled

Five administrative orders have been issued by the Ministry of Housing, Utilities, and Urban Communities to remove violations in new cities, in efforts to preserve the image of new projects.

Tatweer Misr to Invest EGP 1.5 B in 2 Projects

• Wednesday, 12th October 2016
• by Fatma Khaled

Egyptian developer Tatweer Misr plans to develop two of its major projects, Fouka Bay and Il Monte Galala, with EGP 1.5 billion worth of investments next year.

MNHD Records 812% YoY Growth in Sales

• Tuesday, 11th October 2016
• by Fatma Khaled

Madinet Nasr Housing & Development (MNHD) has recorded a sales growth of 787% in September, and a 812% year-on-year growth.

Madinaty, NUCA Reach Settlement Over 8,000 Acres

• Tuesday, 11th October 2016
• by Fatma Khaled

The New Urban Communities Authority (NUCA) and Talaat Moustafa Group have agreed to settle a dispute over 8,000 acres in the Madinaty compound, following the Cabinet’s approval, according to Ragaa Fouad Head of the Project and Planning Department in NUCA.

Facilities to be Built for 16,000 Acres in New Nubaria

• Tuesday, 11th October 2016
• by Fatma Khaled

Approximately EGP 1.5 billion were allocated to build facilities for 16,000 acres of land in New Nubaria, according to Mahmoud El Nagdy Head of the New Nubaria Authority in the governorate of Beheira.