PHD to develop newly acquired land, 6 October

• Sunday, 22nd January 2017
• by Farah Montasser

Palm Hills Development PHD acquired 190 acres of land from the Egyptian Ministry of Housing located adjacent to the Company's existing developments in West Cairo, including Palm Hills Golf Views and Golf Extension

Public Transportation to be Increased, 6th of October City

• Tuesday, 17th January 2017
• by Yasmin El-Beih

With around 95 thousand social housing units due for delivery in the second half of the current year, the Public Transport Authority is to increase public transport lines in 6th October City, Invest-Gate reports.

Citizens to Transfer to Social Housing in New Cities Until 15th of February

• Sunday, 15th January 2017
• by Yasmin El-Beih

The Ministry of Housing, Utilities, and Urban Development permits applicants of its eighth offering of social housing units located in Giza, Qaliubya, Alexandria, and Sharqiya, transfers to new cities within their go ...

Egyptian Government to Adjust Building Contract Prices

• Sunday, 1st January 2017
• by Invest Gate

The Egyptian Cabinet has approved on adjusting prices of contracts for the implementation of 75,000 social housing units in 6th of October City, Badr City, and Obour City, to be revalued at EGP 145,000 per unit.

Memaar Al Morshedy to Launch Residential Compound in 6th of October City

• Monday, 28th November 2016
• by Karim Mohy

Memaar Al Morshedy will launch a residential compound in 6th of October City, with investments exceeding EGP 1 bn in 2017.

Public Lottery Announced to Distribute 2,654 Land Plots in Badr City

• Sunday, 27th November 2016
• by Karim Mohy

A public lottery will take place Sunday at the Arab Contractors Stadium to allocate 2,654 land plots located in Badr City as part of the scheme for allocating 16,400 land plots in eight new cities.

Egypt Invests EGP 24 bn in 6th of October City

• Sunday, 13th November 2016
• by Karim Mohy

The total value of investments in 6th of October City has reached EGP 24 bn thus far in 2016, according to Hany Younis Spokesperson for the Ministry of Housing , Utilities, and Urban communities.

Land Plots in New Cities to be Offered through Lottery Starting 17 November

• Sunday, 13th November 2016
• by Karim Mohy

Land plots for luxury housing projects in the New Cities will be offered through a series of public lotteries starting on Thursday, November 17, according to Mostafa Madbouly, Minister of Housing, Utilities, and Urba ...

Developers fear Government Competition in Real Estate Market -Sources

• Wednesday, 9th November 2016
• by Karim Mohy

Small and medium-sized real estate companies are reportedly growing concerned following the Housing Ministry’s offering of units at an unsubsidized cost of EGP 198,000, which will result in taking away a huge number ...

Palm Hills Q3 Net Profit Up 59% y-o-y, Negotiating with NUCA for 6th of October City Land

• Monday, 7th November 2016
• by Karim Mohy

Palm Hills announced its financial results for the third quarter of 2016 in a statement, reporting net profit after tax and minority interest of EGP 235 mn, up 59% year-on-year, exceeding the first two quarters of th ...