Learn about the terms and payment methods for the Homeland project of the Ministry of Housing

Within the framework of the Egyptian state’s endeavor represented by the Ministry of Housing, the Ministry is preparing to launch a new phase of the Beit Al Watan project during the coming period, which includes residential plots for individuals, plots of mixed activity, cemeteries, villas, and various housing units (luxury housing – above average – medium ), and administrative units, and where we are interested in informing the reader of the new Egypt Five Followers website regarding offers for housing projects in Egypt, we highlight the most important places and conditions necessary for booking the home project.

The most prominent places to book luxury apartments: El Alamein Beach Towers – Downtown El Alamein – Latin Quarter – Sawari Towers – Rehab and Madinaty – Jannah – Third Residential District “R3” in the New Administrative Capital.

The most prominent places for booking apartments for medium housing: Above-and-average apartments in the “Sakan Misr” project in New Alamein City, and the Majri Al-Ayoun wall project, in addition to the launch of administrative units in (Downtown in New Alamein City).

The most prominent places to reserve land: Residential plots for individuals in 9 new cities (New Cairo – 6 October – Sheikh Zayed – New Damietta – El Obour – El Shorouk – Badr – New El Obour – Sadat), and plots of mixed activity in New Damietta, as well as cemeteries in 4 new cities (New Cairo – Badr). Tenth of Ramadan – New October).

The most prominent places to book villas: Villas in the projects of the new administrative capital and the new city of Mansoura.

The most important conditions required for the home project

  • The barrier should have the Egyptian nationality.
  • Age not less than 21 years old.
  • The real estate regulations of the New Urban Communities Authority are complied with, and the priority of booking is given to the priority of transferring the entire amount of the advance payment.
  • In the event that the full amount is paid at this stage or in the previous stages, 7.5% of the remaining amount will be deducted after paying the advance payment on a permanent basis, except if the payment is for the last installment.
  • The remaining installments are paid for all axes loaded with bank interest on the remaining balance at an interest rate of 3.5% annually, and the dollar equivalent of each installment and its interest is calculated at the rate of the day the installment is due.
  • The buyer for all axes of residential and administrative units and villas, except for the units of the Al-Rehab and Madinaty projects, is obligated to pay a maintenance deposit of 5% for the two projects (Sakan Misr – The Wall of Magri Al-Ayoun) to be paid with the down payment, and 8% for the rest of the units.
  • Allocation will not take place without transferring the deposit amount plus the entire down payment.
  • The buyer is obligated to pay any differences annually in accordance with what is done by the project units in this regard without any responsibility on the authority.
  • The contracting expenses established in accordance with the rules, as well as the expenses of utilities for the residential and administrative unit and villas (gas meter – electricity meter – water meter) shall be paid whenever the authority connects them to the unit.

Source: مصر فايف by misr5.com.

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