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11:22 am
Friday May 15, 2020
Books – Mohamed Abdel Nasser:
Dr. Assem El-Gazzar, Minister of Housing, Public Services and Urban Communities, announced the release of the thirteenth statement in the Social Housing Project, in 10 governorates (Fayoum – Beni Suef – Minya – Assiut – Sohag – Qena – Luxor – Aswan – Red Sea – Matrouh).
He explained today in a statement that the payment for the advance of the seriousness of the reservation of housing units and the recording of data will begin on the website of the Social Housing Fund and real estate financing, to reserve residential units ready for the delivery (3 rooms and a living room, with an area of up to 90 m 2) offered in the advertisement, during the period between 6/7/2020: 13/6/2020, only for citizens with special needs, and from 14 / 06/2020: 4/7/2020, for all citizens, including those with special needs.
Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Fund, indicated that the unit price is 184 thousand pounds, and in the two provinces (Red Sea – Matruh), 197 thousand pounds, and the payment of the seriousness of the reservation It is paid and is 14 thousand pounds before booking on the electronic portal of the fund (It is an amount that is returned in case of non-allocation), with the payment of an amount of administrative expenses of 150 pounds, through any branch of Post mechanized at the level of all cities and governorates where housing units are offered.
He added that the rest of the booking provider is completed to start from 15% of the total unit price (determined according to income and age) after the field and the credit inquiry and conditions apply to the applicant and before hiring the unit with the real estate financing system, and the rest of the total unit price is paid in monthly installments with a maximum of 20 years. The real estate financing system is backed by an annual interest rate of 7% (decreasing) and does not change throughout the financing period.
He explained that the embargo conditions include the following, that the applicant is a natural Egyptian person, and his age is not less than 21 years and not more than 50 years at the date of the end of the announcement, and the applicant is prohibited from buying units in cash and agrees to contract and pay the real estate financing system for a period of up to 20 years. And the applicant must be low income, and his net annual income from all sources of income does not exceed £ 68,400 per year for the family (equivalent to £ 5,700 per month), and £ 50,400 per year for single people (equivalent at £ 4,200 per month), and in the event that the documents are not attached The applicant’s income when applying on the portal, the application is rejected and must include M. Income documents: The income mentioned is the net income, and the minimum monthly net income to deal with the property finance system is £ 1,300.
He added: the applicant must be among the people of the governorate, the housing unit in which the applicant is located, or those who reside in or are associated with him at work or in one of the new cities affiliated to him or neighboring provinces, provided that the priority is for workers or residents in the same governorate, and those who benefit from a housing unit of social housing units using it for himself and his family on a regular and permanent basis for a period of 7 years , and it is forbidden to dispose of it or confront it with any type of behavior or treatment within 7 years from the date of receipt.
