Post offices will start issuing brochures of conditions for booking social and medium housing units, starting from Sunday after next.
The announcement of the new offering includes housing units of various sizes ranging from 75 square meters to 90 square meters for low-income people, and units with areas ranging from 100 square meters to 120 meters for middle-income people.
Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Support Fund, said that the offering includes units ready for immediate delivery in the following governorates (Luxor, Qalyubia, New Burj Al Arab, Fayoum, New Fayoum, Beheira, Kafr El Sheikh, Marsa Matrouh, Assiut, Menoufia, Ismailia, Sohag, New Akhmim, Sharkia, Suez, Beni Suef, Gharbia, Damietta, Aswan, Dakahlia, North Sinai, Qena, Minya, New Minya), in addition to housing units delivered within 18 months in cities (New October “west of the airport”). “Jerza Al-Qatouri – Al-Ayat”, Damanhour“.
The CEO of the Social Housing and Real Estate Finance Support Fund added that citizens can purchase the terms of reference, pay the serious reservation advance, and administrative expenses, through automated post offices in the cities and governorates in which housing units are offered, as of Sunday, September 25, 2022, until Saturday, October 1. 2022 for citizens with special needs only, and from Sunday, October 2, 2022, until Thursday, October 27, 2022, for all citizens, including people with special needs..
Mai Abdel Hamid explained that citizens must pay a down payment starting from 10% for low-income units, and starting from 15% for middle-income units, for a period of up to 30 years, at an interest rate of 3% annually, decreasing, according to the detailed conditions of the initiative issued by the Central Bank of Egypt on July 13, 2021, adding that the selling prices of the units offered within the new advertisement range between 194 and 310 thousand pounds, while the value of the serious reservation provider ranges between 15 and 22 thousand pounds..