CAIRO – 11 September 2019: The Ministry of Housing, Utilities, and Urban Areas announced that online reservation of 1,268 prime lands and 814 super prime lands located in nine and eight new cities respectively will start on Tuesday, September 17.
The prime lands are distributed as follows: 50 in New October City, 100 in Badr City, 528 in 10th of Ramadan City, 150 in Sadat City, 100 in New Beni Suef City, 100 in New Sohag City, 40 in New Borg Al Arab City, 100 in Nasser City western Asyut, and 100 in a city Western Qena.
The super prime lands are distributed as follows: 300 in New Cairo, 68 in 6th of October City, 115 in New Damietta City, 14 in New Obour City, 104 in New Menya City, 23 in Badr City, 170 in 10th of Ramadan City, and 20 in New Aswan City.
Customers have to pay a fee to confirm the reservation. In August, the ministry announced offering soon residential units as part of Sakan Misr projects in the cities of New Damietta, New Menya, Asyut’s Nasser City, New Mansoura, and western Qena.
The surface area of the residential units to be offered is 115 square meters each. Within a month of the end of reservation on the website, buyers must pay 20 percent of the unit’s price. That is in addition to one percent as administrative fees and 0.5 percent for maintenance.
Ten percent must be paid six months after the reservation on the website and upon delivery of the unit. The remaining 60 percent will be paid as quarterly installments over four years starting three months after the receipt of the unit.