Cancellations reached a value of EGP 1.25 bn during 2022, representing 6% of the year’s gross contracted sales. This is compared to a cancellation rate of 17% during 2021.
Cancellations record 8% of contracted sales, aggravated by EGP 576 mn cancellations on SODIC’s 464-acre project in New Zayed due to the project’s temporary suspension.
Misr Italia Properties acquires a 400-acre piece of land located in Ras Al Hikma at km 199 Alex-Matrouh Road, Invest-Gate reports.
Sixth of October Development & Investment Company “SODIC” releases its consolidated financial results for the six months ended June 30th, Invest-Gate reports.
Sixth of October for Development and Investment Company's (SODIC) gross contracted sales of residential units stood at EGP 1.83 bn in H1 2020, almost flat compared to EGP 1.86 bn in the year-ago period.
Sixth of October Development and Investment Company (SODIC) logged a 25% uptick in residential contractual sales in Q1 2020, registering EGP 842 mn versus EGP 672 mn in the year-ago period, driven mainly by its we ...
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