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Elham AbolFateh

Egypt

Housing ministry reveals details of the administrative Capital units

Friday 22/June/2018 - 11:08 AM
The administrative
The administrative Capital
Ahmad El-Assasy
Housing Ministry revealed the details of the housing units that will be offered for a few days in the new administrative capital. Housing Minister Dr. Mustafa Madbouly announced the surprise of the absence of a lottery.

In the framework of the state support for financial inclusion procedures، reserving will be electronically. He explained that every person has the right to choose the unit he wants، but the units will be allocated by the precedence of reserving on the website allocated for the reservation.

Madbouly explained that the first phase of the units in the residential neighborhood (R3) includes 2048 units. The areas will be from 110 to 180 meters with luxurious finishes. He stressed that the delivery will begin one year after the completion of the contracting procedures. The first phase in the new administrative capital is overseen by the ministry.

Madbouly said “the units are offered by the installment system on 4 years without interest and there is a special discount for immediate payment”. He added that there are other installment systems with extended periods. The residential neighborhood where the units are offered includes an integrated service area of international schools، and a specialized hospital.

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