Buyers Hold to their Purchasing Power Despite Economic Challenges

• Tuesday, 10th January 2017
• by Farah Montasser

Several buyers have not asked to retrieve their payments for their property during the past period, reflecting that buyers continue to demonstrate an interest in purchasing real estate despite economic challenges, according Al Mal

NUCA to Allocate 17,700 land plots in 10th of Ramadan City Today

• Tuesday, 10th January 2017
• by Farah Montasser

The New Urban Communities Authority (NUCA) will allocate 17,700 land plots dedicated for social housing projects through a lottery today in 10th of Ramadan City, Al Borsa reports

HHD and SODIC to Postpone Project Development in Heliopolis

• Tuesday, 10th January 2017
• by Farah Montasser

Heliopolis for Housing & Development (HHD) and SODIC agreed to postpone their partnership project aiming to develop 655 acres of lands until next September due to economic challenges following the float of the EGP, Al Borsa reports

Madbouly Follows Up on Construction Works in 6th of October City

• Tuesday, 10th January 2017
• by Farah Montasser

Minister of Housing Mostafa Madbouly followed up on roads’ construction, the social housing project, and the Dar Misr project in his visit to 6th of October City, a ministry statement notes

Commercial Units in Badr City Sold

• Monday, 9th January 2017
• by Farah Montasser

Badr City sold 18 commercial units and two pharmacies in a public lottery last week, with commercial units sold at a price EGP 33,000 per square meter and the pharmacies sold for EGP 50,100 per square meter, Al Mal notes

Arab Contractors to Develop Infrastructure Projects in New Capital and Suez Gulf

• Monday, 9th January 2017
• by Farah Montasser

Arab Contractors is to construct roads in the new Administrative Capital at a total investment cost of EGP 1.1 bn, company Chairman Mohsen Salah told Amwal El Ghad

SECON to Invest EGP 2 Bn in Egypt in 2017

• Monday, 9th January 2017
• by Farah Montasser

Saudi Egyptian Construction Company (SECON) is to pump investments worth EGP 2 bn worth of projects in Egypt during full-year 2017 in an effort to promote the company’s strategy to achieve revenues, according to Chairman Darwish Hassanein, Al Borsa reports

Transferring to Social Housing Project located in New Cities to begin Sunday

• Monday, 9th January 2017
• by Farah Montasser

Social Housing applicants for the eighth social housing offering located in Giza, Qaliubya, Alexandria, and Sharqiya are given a period starting next Sunday to transfer their applications to four new cities, Al Borsa reports

APG Finalizes Panorama Green Mountain Project

• Monday, 9th January 2017
• by Farah Montasser

Architecture and Planning Group (APG) has completed the construction of Nasr City’s Panorama Green Mountain Project at a total investment cost of EGP 600 mn, the company’s Branch Manager Mohamed Hassan told Amwal El Ghad

Religious Developments to be Established in the Administrative Capital

• Sunday, 8th January 2017
• by Farah Montasser

The Armed Forces Engineering Authority have started implementing a mosque and a church, Saint Mark’s Cathedral, in the new Administrative Capital City at a total investment cost of EGP 400 mn, Al Borsa reported