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Housing scheme surge from NUC
The Ministry of Housing has announced the offering of 25,000 residential units under a lease-to-own system, distributed between the Social Housing Fund and the New Cities Authority. The first phase includes 15,000 units through the Social Housing Fund, with a lease period of 3 years, renewable for an additional three years. Beneficiaries can apply to purchase the unit during this period. The rents range from 1,500 to 5,200 Egyptian pounds and are credited toward the final purchase price. The second phase includes 10,000 units affiliated with the Authority, under a lease-to-own system for a period of 20 years. Rent amounts vary from 3,500 to 12,000 Egyptian pounds. It is worth noting that higher rent prices in some units are due to the payments made being deducted from the final sale price of the unit.
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