Housing: Supporting the housing unit up to 60% and immediate receipt

Engineer Amr Khattab, spokesman for the Ministry of Housing, revealed the details of the reservation of fully-finished housing units, as part of President Abdel Fattah El-Sisi’s initiative, housing for all Egyptians, 3 for low- and middle-income citizens, stressing that there will be direct and indirect support of up to 60% in the unit price.

Amr Khattab added, during a telephone interview with the media, Azza Mustafa, on the “Tahrir Hall” program on Sada Al-Balad channel, that the new proposal includes units ready for immediate delivery, in addition to housing units that will be delivered within 18 months.

A spokesman for the Ministry of Housing added that the selling prices of the units offered within the new advertisement range between 194 and 310 thousand pounds, while the value of the serious reservation provider ranges between 15 and 22 thousand pounds.

Amr Khattab indicated that the installment system for booking apartments for all Egyptians 3 depends on the social status of the citizen.

A spokesman for the Ministry of Housing pointed out that the unit prices will increase by 10 to 15% from the previous announcement, as a result of the increase in building materials, and there will be direct and indirect support of up to 60% in the unit price.

Amr Khattab explained that the most important conditions are that the family should not have applied in the past to obtain a housing unit of the same type, and that the age of the applicant should not be less than 21 years and not more than 50 years, in addition to the other conditions that came in the previous announcements.

A spokesman for the Ministry of Housing indicated that the announcement covers 22 governorates, from Alexandria to Upper Egypt, stressing that all units are fully finished.

Amr Khattab confirmed that the reactions are positive so far, despite the fact that the terms of reference have not been presented, and many citizens are looking for how to book and apply, noting that there will be housing units in most governorates of the Republic.

The spokesman for the Ministry of Housing concluded, by pointing out that the housing units will be within the governorates and not in extreme or remote places.

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