Dr. Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities, announced the release of the terms of reference for housing units ready for immediate delivery to middle-income citizens in projects (Sakan Misr, Dar Misr, and Jannah) via the fund’s new website at the link https://nch.shmff.gov.egAnd this is within the initiative of the President of the Republic to provide housing units for all categories of citizens with special facilities from the Central Bank of Egypt, in light of his initiative to finance real estate for middle-income people with a 3% decreasing interest for a maximum period of 30 years and an interest of 8% decreasing for a maximum period of 25 years..
Dr. Assem Al-Jazzar confirmed that citizens can view the specifications relating to the projects (Sakin Misr, Dar Misr, and Jannah), as well as pay each of the serious applicants for reserving housing units (for each project), and registration expenses (which amount to 500 pounds), in addition to registration. And apply for reservations and upload both the form and the acknowledgment on the fund’s website at the link https://nch.shmff.gov.egduring the period from Tuesday, February 15, 2022 until March 8, 2022, provided that the city is selected and the housing unit is booked from the fund’s website during two periods: The first is on March 15, 2022 from nine in the morning until twelve in the middle of the night for the previous clients. On the first announcement of the three projects who did not reserve housing units and did not recover the serious reservation advances, and the second from nine o’clock in the morning on 3/16/2022 until twelve o’clock midnight on 3/24/2022 for all applicants for the second advertisement and those who previously applied for the advertisement The first (who did not reserve housing units and did not recover the seriousness of reservation advances).
The CEO of the Social Housing and Real Estate Finance Support Fund explained that the fund’s website has been fully equipped; In order to accommodate the large number of citizens expected to visit the site during the coming period to learn about the details of the new offering, and to ensure that citizens upload documents and reserve housing units in a simple and fast manner..
In this regard, the CEO of the Social Housing and Real Estate Finance Support Fund indicated that two new services have been launched on the fund’s website for unit reservation. The first is an electronic calculator that enables the citizen to calculate the estimated values of the real estate finance amount and the value of the monthly installments in light of the housing unit price and the applicant’s income , and its age when financing, via the link https://nch.shmff.gov.eg/home/CalculateLoanThe second is to provide the locations of the housing units offered in different cities in the various projects (Sakan Misr, Dar Misr, and Jannah).) online In order to help them choose the housing unit on the ground.
He stated that the new proposal includes housing units of various sizes and prices in a number of cities in the governorates of the Republic, where the Paradise project includes five cities with a serious reservation deposit of 80 thousand pounds, and areas ranging from 100 m 2 to 151 m 2, and its statement: Al Shorouk – New Cairo – New Minya – October 6 – El-Obour, with a total of 1980 housing units, and a distinction ratio ranging from 1 to 1.06, at a rate of: 300 housing units in Al-Shorouk City, the price of which ranges from approximately 924 thousand pounds to approximately 1,413,000 pounds, where the price per square meter is 8800 pounds, And the number of 1104 housing units in New Cairo, and its price ranges from approximately one million and 239 thousand pounds to approximately one million and 895 thousand pounds, where the price per square meter is 11,575 pounds, and 51 housing units are offered in the new city of Minya, and its price ranges between approximately 627 thousand pounds to 959 thousand pounds Approximately, the price per square meter is 5855 pounds, in addition to offering 456 housing units in 6 October City, and their price ranges between approximately one million and 26 thousand pounds to approximately one million and 569 thousand pounds, and the price per square meter is 9580 pounds, and finally, 69 housing units in Obour City are offered, ranging in price between 8 Approximately 64 thousand pounds to one million and 321 thousand pounds, where the price per square meter is 8070 pounds.
He added that with regard to the Dar Misr project, housing units are offered in seven cities with areas ranging from 100 square meters to 150 square meters, with a serious reservation down payment of 60,000 pounds, and a discrimination rate ranging from 1 to 1.02, and its statement: Al-Shorouk – October Gardens – Badr – Sadat – May 15 – 10th of Ramadan – New Burj Al Arab, with a total of 1792 housing units, by 70 housing units in El Shorouk City, and their price ranges from approximately 916 thousand pounds to approximately 1.374 thousand pounds, and the price per square meter is 8730 pounds, as well as 211 housing units In the Gardens of October City, its price ranges from approximately 728 thousand pounds to approximately one million and 92 thousand pounds, and the price per square meter is 6,935 pounds, and 394 housing units have been offered in Badr City, and its price ranges from approximately 824 thousand pounds to approximately 888 thousand pounds, where the price per square meter is 5,925 pounds. As well as offering 410 housing units in Sadat City, and their price ranges between approximately 532 thousand pounds to approximately 799 thousand pounds, and the price per square meter is 5075 pounds, and 218 housing units are offered in 15 May City, and their price ranges from approximately 583,000 pounds to 874 thousand pounds. Approximately, the price per square meter is 5555 pounds, in addition to He offered 398 housing units in the Tenth of Ramadan City, with a price ranging from approximately 562 thousand pounds to approximately 843 thousand pounds, and the price per square meter is 5,355 pounds, as well as offering 91 housing units in the new city of Burj Al Arab, and its price ranged from approximately 612 thousand pounds to 760 thousand pounds. Approximately, the price per square meter is 5075 pounds.
As for the Sakan Misr project, the CEO of the Social Housing and Real Estate Finance Support Fund stated that housing units are being offered in nine cities within the project, with areas ranging from 106 m 2 to 133 m 2, with a serious reservation down payment of 40,000 pounds, and a discrimination rate ranging from 1 to 1.05 And its statement: Al-Shorouk – New Cairo – October Gardens – New Minya – Badr – New October – New Obour – New Damietta – Nasser (West Assiut), with a total of 3308 housing units, with 672 housing units in the city of Shorouk, and its price ranges between 747 thousand pounds. Approximately to 984 thousand pounds, and the price per square meter is 6,715 pounds, and 215 housing units are offered in New Cairo, and their price ranges between approximately 855 thousand pounds to approximately 999 thousand pounds, and the price per square meter is 7,685 pounds, as well as 499 housing units are offered in October Gardens and ranges Its price ranges from approximately 724 thousand pounds to approximately 846 thousand pounds, where the price per square meter is 6510 pounds, in addition to offering 209 housing units in the new city of Minya, and its price ranges from approximately 456 thousand pounds to approximately 534,000 pounds, and the price per square meter is 4105 pounds. 8 2 housing units in Badr City, the price of which ranges from approximately 560 thousand pounds to approximately 607 thousand pounds, and the price per square meter is 5035 pounds, and 1117 housing units are offered in the New October city, and its price ranges between approximately 712 thousand pounds to approximately 833 thousand pounds, where it is The price per square meter is 6405 pounds, and 152 housing units are offered in the new city of Obour, and their price ranges between approximately 681,000 pounds to approximately 796 thousand pounds, and the price per square meter is 6,120 pounds, and 32 housing units are offered in the new city of Damietta, and their price ranges from approximately 729 thousand pounds to approximately Approximately 791 thousand pounds, and the price per square meter is 6555 pounds, as well as 330 housing units in Nasser City (west of Assiut), and their price ranges from approximately 450 thousand pounds to approximately 526 thousand pounds, and the price per square meter is 4050 pounds..
He added that it is clear by following up on the prices of the housing units in the new offering, the positive impact of the new real estate financing initiative with a 3% decreasing interest rate for a maximum period of 30 years on the price per square meter and the installment in the units offered through the fund, which helps Egyptian citizens of all levels obtain units suitable housing for them.
The CEO of the Social Housing and Real Estate Finance Support Fund indicated that the installments of the offered units are within the reach of wider segments of citizens, as the installment in Egypt’s housing units starts from 800 pounds, while in Dar Misr units it starts from 1150 pounds, and it also starts in paradise units from 1,375 pounds, for citizens whose financing period is 30 years, bearing in mind that the premium increases by 7% annually..
He added that there must be a number of conditions for citizens applying for a housing unit within the advertisement presented, including that the applicant or the family (husband / wife / minor children) is not entitled to apply to reserve more than one housing unit in the new cities and governorates in the same advertisement, and not have The applicant or the family (husband/wife/minor children) had previously been allocated a housing unit or a residential plot of any kind in new cities or governorates, whether it was in his possession or assigned to others or in partnership with others or transferred to the applicant or the family by assignment from others within the housing program projects The applicant or the family (husband / wife / minor children) should not have previously allocated a housing unit within the projects of housing Egypt, Dar Misr or Jannah, and the applicant or the family (husband / wife / minor children) should not have benefited from the real estate financing initiatives issued From the Central Bank by the decisions of its board of directors dated February 2014, December 2019 and their amendments, or July 2021. The applicant also acknowledges the validity of the data and documents submitted by him upon seizure, and in case of violation, he shall be criminally and civilly liable, and the fund or/and the entity shall have the right The owners of the units cancel the allocation and recover the unit without warning or a court ruling, and take all legal measures to preserve their rights.
The CEO of the Social Housing and Real Estate Finance Support Fund added that the conditions also include that the applicant be a natural person of Egyptian nationality, not less than 21 years old at the end date of the announcement, and have the capacity to act and contract, and not be older than the retirement age (determined by the Social Insurance Law and pensions promulgated by Law No. 148 of 2019) on the end date of the loan term (determined according to the credit study of the financing party), and the age of the applicant among the pensioners and pension beneficiaries shall not be more than 75 years at the end of the loan term, provided that a minimum 40% of the unit value is paid As a down payment, with the pension transferred to the financing entity, the applicant is also prohibited from buying housing units in cash and is obligated to contract and pay the real estate finance system supported through the two initiatives of the Central Bank of Egypt for middle-income people by the decision of its board of directors issued on December 2019 and its amendments for a maximum period of 25 years at a rate of return of 8% Annually (decreasing) for citizens whose total sources of monthly income do not exceed 40 thousand pounds for an individual, and 50 thousand pounds for a family, or the initiative issued on July 2021 for a maximum period of 30 year at a rate of return of 3% annually (decreasing) for citizens whose total sources of monthly income do not exceed 10,000 pounds for an individual and 14,000 pounds for a family.
The CEO of the Social Housing and Real Estate Finance Support Fund indicated that citizens can learn more details by viewing the video of the booking method via the link. https://www.youtube.com/watch?v=YNRJon0LdvE And by following the official page of the Social Housing and Real Estate Finance Support Fund on Facebook through the following link (http://www.facebook.com/shmffeg)And the official page on YouTube through the following link (https://www.youtube.com/shmffeg)And the official page of the fund via Twitter via the link www.twitter.com/shmffegAnd the official page of the fund via Instagram via the link www.instagram.com/shmffegand the fund’s website ([http://www.shmff.gov.eg)،]www.shmff.gov.eg)Or by calling the phone numbers of the Fund’s customer service call center on the numbers: 5999, 5777 or 1188 from any mobile phone, and 090071117 from any land line from 9 am: 6 pm on all days of the week, except on Fridays and Saturdays, or By going to any of the customer service centers in the cities / housing directorates.
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