12 Hrs
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المصدر
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Source: المصدر
12 Hrsالمصدر
Source: المصدر
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Housing Minister Randa El-Menshawy announced that a “first-come, first-served” allocation system will take effect with the November land offering. The system is intended to make it easier for Egyptian and foreign companies to obtain investment land and support real estate exports, in return for paying the full land price in dollars transferred from abroad. Applicants must make a bank transfer of at least $100,000 and pay $5,500: $5,000 will be credited to the company’s account, while $500 is a non-refundable application review fee. The remaining land price must be paid within one month; otherwise, the $100,000 will be forfeited and the preliminary reservation canceled. The Authority will also continue to offer land through installment plans and price-based competition, alongside premium plots whose full price must be paid in dollars.
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