Engineer Sherif El-Sherbiny, Minister of Housing, Utilities and Urban Communities, announced the offering of 320 fully finished residential units in the extension of the second district in Obour City, with areas ranging from (86 m2: 132 m2) per unit, for sale with priority of reservation through the Ministry's Housing Finance Fund, provided that reservations are submitted at the Fund's headquarters in Nasr City.

 

 

Engineer Sherif El-Sherbiny added that this comes within the framework of the political leadership's directives to provide residential units that suit and suit different segments of society.

 

 

In the same context, Eng. Hesham Darwish, Advisor to the Ministry - Supervisor of the Construction and Contracting Sector at the Ministry of Housing - Chairman of the Board of Directors of the Housing Finance Fund, explained that the terms and specifications booklets for reserving units are available at the Fund's headquarters in Nasr City, and the reservation door will be opened starting from Sunday, February 16, 2025 at the Fund's headquarters in Nasr City, and the reservation deposit of EGP 100,000 is paid in addition to 2% administrative expenses for each amount paid for each unit, and within a month from the date of reserving the unit, the payment of 20% of the total unit price is completed in addition to 2% administrative expenses for each amount paid for each unit, and after 3 months from the date of completing the 20%, 10% of the total unit price is paid as a contract payment, and after 3 months from the date of payment of the contract payment, 20% of the total unit price is paid as a receipt payment in addition to 5% maintenance deposit + garage subscription value, according to the terms and conditions booklet.

 

The Chairman of the Board of Directors of the Housing Finance Fund indicated that the remaining unit price is paid according to the following: - If the customer wishes to pay within two years from the date of receipt of the unit, payment is made without interest in equal quarterly installments, with the first installment starting after 3 months from the date of receipt. If the customer wishes to pay within 3 or 5 years from the date of receipt of the unit, payment is made in equal quarterly installments with the interest of the Central Bank other than 2% according to the instructions of the Ministry of Finance, with the first installment starting after 3 months from the date of receipt with the submission of post-dated checks for the value of the installments before receiving the unit.

 

He said: Applicants for reserving units can pay the remaining price through the real estate financing program in accordance with the applicable rules, while committing to paying the remaining unit value according to the payment method specified in the conditions booklet as soon as it is due and until the real estate financing is obtained.