President Sisi met the chairman of the board of directors of the New Administrative Capital to discuss progress of work in the New Administrative Capital
Contractors started working on installing water, power and gas networks to service the project.
More than 60,000 applicants submitted an application electronically to benefit from the project, which was launched earlier this week.
Prices of newly-issued units is LE 184,000, up from LE 154,000 which was issued in April of last year.
Daqahleya Governor announced on Saturday that construction would start in the near future.
In contrast to expectations of a weak real estate market following the flotation of Egyptian pound in November.