Real estate investment: lowering the price of the land condition of the implementation of the private sector low-income housing

Economy and stock exchange

Dr. Ahmed Shalaby, member of the Real Estate Investment Division, said that a preliminary agreement had been reached with the government on setting a price cap for the social housing units implemented by the developers according to the initiative.

Dr. Ahmed Shalaby added that the client who is applying for a unit will receive support from the Social Housing Fund, after reviewing the file by the Social Housing Fund and inquiring about it and following the necessary procedures.

As for the average housing units, Dr. Ahmed Shalaby said that no price cap has been set for these units. He pointed out that the price is according to the developer and the quality of the project and the city. He pointed out that the agreement provides for developers to obtain land at low prices in exchange for the implementation of housing units and social housing Average.

He stressed that the area of ​​the unit reaches 135 meters for the average housing, while the areas of luxury ranging between 75 meters and 90 meters.