Reservation of social housing units in Egypt to begin Nov.9



Sat, 07 Nov 2020 - 02:45 GMT


Sat, 07 Nov 2020 - 02:45 GMT

FILE - Asmarat housing project - press photo

FILE - Asmarat housing project - press photo

CAIRO – 7 November 2020: Minister of Housing, Utilities, and Urban Areas Assem al-Gazar told press Saturday that citizens will be able to reserve social housing units starting November 9 until December 7.


The number of units offered is 125,000 and they are located in 14 new cities.


Citizens who wish to get units have to first purchase application forms from any nearby post office. Then, pay a deposit worth LE125,000. The units will be delivered within 36 months, and are finished.


Reservation for the disabled began November 1 and will conclude on November 8. Until present, 20,000 applications forms have been dispensed from post offices.


The minister stated that the state subsidizes each unit with a sum ranging between LE210,000 and LE280,000 for low-income citizens and LE190,000-LE250,000 for middle-income countries. The subsidized amount consists of the cost of utilities introduction, and the land price among others.


Egyptian President Abdel Fattah El Sisi on Monday ordered establishing 500 housing units inside large cities and capitals of governorates, as part of the project national project dubbed “Residence for all Egyptians.”


So far, 414,000 housing units have been established for youth with low income with a total cost of LE 51 billion ($3.15 billion), Minister of Housing Assem Al-Gazzar said.


Also, in middle-income housing project “Dar Misr”, 41,424 units have been established at LE 13 billion ($803.4 million) and 15,480 are being established at a cost of LE 4.6 billion ($284.3 million). In “Sakan Misr” project also for middle-income housing, 2,232 units have been established and 67,696 are being built, at a total cost of LE 20.97 billion ($1.3 billion).


Concerning luxury-housing project “JANNA,” 4,032 housing projects has been established and 36,248 others are being constructed, at a cost of LE 1.6 billion ($98.9 million) and LE 14.5 billion ($896 million) respectively.


Also, 328,000 plots of land have been provided for different classes of society between 2014 and 2020, Gazzar said.


The Housing Ministry has been keen to build partnerships with the private sector; the state has contracted with private companies on 17 projects established over 19,250 feddans (19,978 acres), with a LE 500 billion ($30.9 billion) in the cities of New Cairo, 6th of October, Sheikh Zayed, Extension of Sheikh Zayed and Hadayek October.



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