Residential apartments for sale with a down payment of 20 thousand and a monthly installment of 800 pounds. The price is a surprise
Housing for All Egyptians
The Social Housing Fund announced data on ready-to-deliver low-income social housing apartments in Minya Governorate, at a price of EGP 184,000, with areas of approximately 75 m2.
Social Housing Apartments for Low-Income
The Social Housing Fund explained that the down payment for reserving ready-to-deliver low-income housing apartments in Sakan Lel Masryeen 5 amounted to EGP 20,000, and a monthly installment starts from EGP 897, provided that the monthly income starts from EGP 3,500, and the down payment is completed with a minimum of 20% upon contracting.
Sakan Lel Masryeen 5 Low-Income Apartments
He pointed out that direct cash support ranges between EGP 5,000 and EGP 40,000 depending on income levels, to be deducted from the unit price, and that indirect support is around EGP 395,000 (EGP 335,000 is the average value of real estate finance return support + EGP 60,000 is the value of the unit's share of the cost of implementing public utilities).
Conditions booklet for Sakan Lel Kol El Masryeen 5 apartments
The Social Housing Fund is following up on the sale of conditions booklets and the payment of the reservation deposit for citizens wishing to apply to reserve Sakan Lel Kol El Masryeen 5 apartments, and it continues until Tuesday, December 31, 2024 instead of Tuesday, December 24, 2024.
Mai Abdel Hamid, CEO of the Social Housing Fund and Real Estate Finance Support, explained that a meeting was held with Dalia El Baz, Chairman of the Board of Directors of the Egyptian Post, where it was agreed to increase the number of automated post offices to 590 post offices across the republic, in order to facilitate citizens wishing to purchase the conditions booklet, and to prevent crowding in front of post offices. The detailed addresses of these offices can be viewed through the link https://shorturl.at/vSsnd.
Mai Abdel Hamid pointed out that there is no need to crowd in front of post offices to obtain the conditions booklet, as the point is not to purchase the conditions booklet in advance, but rather the priority system applied by the fund and determined in advance, stressing the need for citizens to upload complete documents on the fund's website https://shmff.gov.eg/.
Conditions for booking housing for all Egyptians 2024
- A person or family is not entitled to apply to book more than one housing unit in the governorates or new cities in one advertisement.
- He must not have previously benefited from previous real estate financing initiatives issued by the Central Bank by administrative council decisions dated February 2014 or December 2019 and their amendments 2021, and other initiatives approved by the Council of Ministers.
Conditions booklet for social housing apartments
- The applicant or the family (husband, wife, minor children) must not have previously been allocated a housing unit of any kind in the governorates or new cities, whether it is in his possession or he has relinquished it.
- The applicant or family (husband, wife, minor children) must not have previously been allocated residential land.
- The person must not have previously benefited from a cooperative loan or support from the National Housing Project or public agencies that provide support to obtain an apartment.
- The person or family must not own a residence or have it inherited by law.
- The applicant must be a resident or worker in the same governorate based on the national ID card or proof of income in which the applied-for residential unit is located or is linked to it by work, in the event of reserving a residential unit in new cities, whether delivered within 36 months or ready for delivery for low-income people, with the exception of applicants to reserve a ready-for-delivery residential unit in the governorates for low- and middle-income people within this announcement.