04:07 PM
Saturday 21 May 2022
Books – Mohamed Abdel Nasser:
The Ministry of Housing, represented by the Urban Communities Authority, will start booking apartments in Madinaty and Al-Rehab, within the ministry’s share in the two projects, on Sunday, May 22nd.
The new offering is made through the Arab Company for Projects and Urban Development, a subsidiary of Talaat Moustafa Group, through the website, https://nuca.tmg.com.eg/home
The area of the apartments ranges between 56 – 58 – 122 – 140 square meters, and the value of the serious reservation is 100,000 pounds. The company allowed the purchase in two ways, the first is cash purchase or direct installment with the authority for a period of up to 7 years, and the citizen goes to one of the company’s sales branches to choose the unit and system Interest bearing payment.
It is possible to purchase through the initiative of the Central Bank for real estate financing at an interest rate of 8% and installments over 25 years.
Procedures for booking units of the Ministry of Housing in the cities of Al-Rehab
Financing conditions according to the initiative of the Central Bank for real estate financing:
1- Maximum unit price 3 million pounds without maintenance deposit.
2- A maximum financing limit of 80% of the unit value.
3- The interest rate is 8% decreasing.
4- There are no administrative expenses.
5- The maximum financing limit is 25 years: provided that the customer’s age does not exceed 65 years at the end of the installments.
6- In the case of financing for more than one family member, the age condition is imposed on the oldest person financing.
7- Making a credit, field and comprehensive inquiry.
8- Submitting an official proof of the client’s income, with a maximum of 50,000 pounds for the single and 70,000 pounds for the family per month.
