Assem Al-Jazzar, Minister of Housing, Utilities and Urban Communities, announced the opening of reservations, starting from February 15, for housing units ready for immediate delivery to middle-income citizens, as part of the various initiatives of the Central Bank of Egypt for real estate financing, which was directed by the President of the Republic, with a decreasing interest of 3%. and 8% decreasing, explaining that the offering includes housing units in 3 projects, which are “Sakan Misr”, “Dar Misr”, and“JANNA”The proposal is made in cooperation between the Social Housing Fund and Real Estate Finance Support, and the New Urban Communities Authority.
The Minister of Housing indicated that this is the second proposal of its kind by the fund for middle-income citizens, within the projects “Sakan Misr, Dar Misr, and“JANNA”This confirms that the role of the Social Housing and Real Estate Finance Support Fund is witnessing a significant expansion during the current period, stressing that the housing units offered in the three projects provide a great diversity at the level of cities, areas and prices, to suit all citizens throughout the republic, and to give the Egyptian citizen equal opportunities. In obtaining his constitutional right to adequate housing, the serious deposit of the housing unit reservation and registration expenses are paid, in addition to registration, applying for reservation, and uploading both the form and acknowledgment on the fund’s website https://nch.shmff.gov.eDuring the period from 15/2/2022 to 8/3/2022.
Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Support Fund, explained that the “Sakan Misr” project includes offering housing units ready for immediate delivery in the cities of (New October – New Obour – New Cairo – New Minya – Badr – October Gardens – New Damietta – Nasser “West Assiut” – Al-Shorouk), with areas ranging from 106 m2 to 133 m2, provided that the citizen pays an amount of 40,000 pounds as an advance for the seriousness of the reservation..
Mai Abdel Hamid added that with regard to the “Dar Misr” project, it includes offering housing units ready for immediate delivery in the cities of (Sadat – May 15 – Sunrise – Tenth of Ramadan – Badr – New Burj Al Arab – October Gardens), with areas ranging from 100 m 2 to 150 m 2 , provided that the citizen pays an amount of 60 thousand pounds as an advance for the seriousness of the reservation, while the project includes “JANNA” Offering ready-made housing units for immediate delivery in cities (6th of October – New Minya – New Cairo – Al-Shorouk – Al-Obour), with areas ranging from 100 m 2 to 151 m 2, provided that the citizen pays an amount of 80 thousand pounds as a down payment for the seriousness of the reservation..
The CEO of the Fund confirmed that the new offering includes various cities at different prices to suit the conditions of all citizens, and the allocation of the units offered within the announcement will be in priority reservation, provided that the citizen pays a serious down payment on the reservation of the housing unit, registration expenses, in addition to registration and applying for reservation and raising both The form and declaration on the fund’s website https://nch.shmff.gov.eg, during the period from 2/15/2022 to 3/08/2022, provided that the city is selected and the housing unit is booked from the fund’s website during two periods: The first is from 3/15/2022 until 3/16/2022 for clients who have submitted the first advertisement for projects The 3 who did not reserve housing units and did not recover the serious reservation advances, and the second from 17/3/2022 to 3/24/2022 for all applicants for the second advertisement and those who previously applied for the first advertisement (who did not reserve housing units and did not recover the serious reservation advances).
Mai Abdel Hamid said: There must be a number of conditions for citizens applying for a housing unit within the proposed announcement, including that the applicant or the family (husband / wife / minor children) is not entitled to apply to reserve more than one housing unit in new cities and governorates in the same advertisement, otherwise The applicant or the family (husband / wife / minor children) had previously been allocated a housing unit or a residential plot of any kind in new cities or governorates, whether it was in his possession or assigned to others or in partnership with others or transferred to the applicant or the family by assignment from others within The projects of the social housing program, and the applicant or the family (husband / wife / minor children) should not have benefited from the real estate financing initiatives issued by the Central Bank by the decisions of its board of directors dated February 2014, December 2019 and their amendments, or July 2021, and the applicant also acknowledges the validity of the data and documents Provided by him upon reservation, and in case of violation, he shall be criminally and civilly liable, and the fund or/and the entity owning the units shall have the right to cancel the allocation, retrieve the unit without warning or a court ruling, and take all legal measures to preserve their rights.
She added: The conditions also include that the applicant be a natural person of Egyptian nationality, and his age shall not be less than 21 years at the date of the end of the advertisement, and he shall have the capacity to act and contract, and his age shall not be more than the retirement age (determined by the Social Insurance and Pensions Law promulgated by Law No. 148 of 2019). ) on the end date of the loan term (determined according to the credit study of the financing party), and the age of the applicant from the pensioners and pension beneficiaries is not more than 75 years at the end of the loan term, provided that a minimum 40% of the unit value is paid as an advance, with the pension transferred to The financier, the applicant is also prohibited from buying housing units in cash, and is committed to contracting and paying the subsidized real estate finance system through the two initiatives of the Central Bank of Egypt for middle-income people by the decision of its board of directors issued on December 2019 and its amendments for a maximum period of 25 years at a rate of return of 8% annually (decreasing) for citizens who do not Their total sources of monthly income exceed 40,000 pounds for singles, and 50,000 pounds for the family, or the initiative issued on July 2021 for a maximum period of 30 years at a rate of return of 3% annually (decreasing) for citizens who do not exceed The sources of their monthly income are regarding 10 thousand pounds for the single and 14 thousand pounds for the family.
The CEO of the Social Housing and Real Estate Finance Support Fund indicated that citizens can know more details and inquiries, by following the official page of the Social Housing and Real Estate Finance Support Fund on the Facebook website through the following link (http://www.facebook.com/shmffeg)And the official page on YouTube through the following link (https://www.youtube.com/shmffeg)And the official page of the fund via Twitter via the link www.twitter.com/shmffegAnd the official page of the fund via Instagram via the link www.instagram.com/shmffegand the fund’s website (www.shmff.gov.egOr by calling the phone numbers of the Fund’s customer service call center on the numbers: 5999, 5777 or 1188 from any mobile phone, and 090071117 from any land line from 9 am: 6 pm on all days of the week, except on Fridays and Saturdays, or By going to any of the customer service centers in the cities / housing directorates.
