Latest in Tag: social housing Highlight
Latest in Tag: social housing
Egypt, World Bank Group discuss developments of social housing financing programme
The meeting also included Robert Bogoda, Director of Operations in the Middle East and North Africa; Mai Abdel Hamid, CEO Social Housing and Mortgage Support Fund; and the World Bank and the Ministry of International Cooperation working teams.
Government builds 103,000 housing units worth EGP 23.5bn in 2020
Egypt’s Ministry of Housing, Utilities and Urban Communities has built 103,000 housing units, worth a total of EGP 23.46bn in investments, during 2020, according to Minister Assem El Gazzar.
EALB to increase social housing finance to EGP 2bn
Bank’s mortgage finance portfolio has doubled to 8,000 clients
Real Estate Council submits proposal to provide social housing in partnership with state
Chairperson of the Egyptian Real Estate Council, Adel Lotfy, said that the council has completed a draft of the proposal for developing social housing for youth in partnership with the state. Lotfy added that the council has submitted the proposal to New Urban Communities Authority (NUCA), which focused on setting a price ceiling for the …
18,061 social housing units offered for workers abroad in 11 governorates
The Ministry of Housing announced offering 18,061 units, as part of its social housing project, for Egyptians working abroad in 11 governorates, at prices ranging from EGP 175,000 to EGP 250,000, to be paid in dollars. Mai Abdel Hamid, head of the Mortgage Finance Fund (MFF), said, at a press conference held by the ministry …
Sakan Misr procedures prove easier than those of social housing project: applicants
The project includes 40,000 units with areas of 115 sqm per unit
NUCA plans to expand land offerings for different segments of society
NUCA is forming a committee to follow up on the application of real estate regulations in the new cities
Average demand on service land offerings in Dar Misr, social housing projects
New Urban Communities Authority received 357 offers to compete over 48 out of 98 lands offered
Deadline for social housing land recipients in 7 cities to pay reservation advance: NUCA
The New Urban Communities Authority (NUCA) has decided to give the recipients of about 17,100 pieces of land in the social housing axis in seven new cities a deadline to complete the payment of the rest of the advance of the land reservation. Tarek El-Sebaay, supervisor of the commercial and real estate affairs department at …
Social housing unit owners look to sublet their homes
Many owners cannot afford the instalments on their social housing units, and have thus resorted to subletting their homes
Fawry collects social housing instalments from 170,000 customers in fortnight
We aim to increase the number of payment points in Egypt to 70,000 in 2017
Construction companies threaten to halt work on social housing projects due to flotation
Housing Ministry considers increase in value of social housing units by EGP 20,000, says source at ministry
Social housing unit owners demonstrate in front of NUCA for once again failing to respond to demands
Social housing unit owners claim that basic services have yet to be provided
Port Said MPs defend protesters’ right to oppose price hikes
Dozens took the streets in the governorate in objection to the sudden price increase of social housing flats
Will government intervention bridge the housing gap in Egypt?
Housing Ministry depends on “social housing” and makes adjustments to the project’s main axes
Residents should not expect raw materials for low-cost social housing units to be of best quality: Armed Forces Engineering Authority
Problems or defects should be referred to the contractor, says head of technical office of Engineering Authority
Housing Ministry launches rent system within social housing projects
Financial support will be also provided to the beneficiaries of the rent system, says MFF head
Government sets timeline for delivery of social housing units in response to parliament criticism
A total of 300,000 units will be delivered by the end of 2016, while sanitation coverage in urban areas is set to rise to 95% by end of June 2018
7,000 social housing units in 6th of October to be delivered in 2016
Armed Forces Engineering Corps supervises 40% of units in 6th of October’s social housing project
Ministry of Housing presents social housing bids to cabinet
The list of potential construction companies includes 50 public and private companies, in accord with the ministerial cabinet’s direct order
Madboudly encourages Saudi investment amid claims of continued high housing demand
Zaazou said discussion between Saudi and Egypt are taking place over constructing a $4bn resort
Committee formed to establish 500,000 units of middle-class social housing
The project would be important in restoring balance to the real estate sector, referring to the real estate gap for middle-income housing.
More social housing units for youth in 6th of October City
Officials from the 6th of October City council have been assigned to map empty land spaces in the city and choose suitable locations for new constructions
NUCA offers 7 bids in 4 cities
Bids include developmental projects in New Cairo, Beni Suef and New Aswan
UAE provides EGP11bn to finance 50,000 residential properties
Project to be finalised by July, according to head of Executive Body for Social Housing
Arabtec approval to be applied on NUCA partner projects
New Cairo, 6th of October, Sheikh Zayed and Al-Shorouk cities excluded from list of new cities in which both entities work together, says Housing Minister
NBE to grant credit for 640 housing units
CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms