Documents required to receive social housing apartments in new cities – Masrawy – Masrawy

07:00 p.m

Tuesday, November 21, 2023

Books – Muhammad Abdel Nasser:
The Ministry of Housing, Utilities and Urban Communities has determined the number required for detainees to receive social housing apartments in new cities, as a large number of units are delivered daily to former detainees in Social Housing Fund projects, which reached 17 announcements.

The required documents were as follows:

-The original contract concluded to allocate apartments for viewing, and a copy of this contract for safekeeping.

– The original ID card for review, and a copy of the card for safekeeping

– The original card for the husband or wife to review and a copy to save.

The receipt report was signed to complete the receipt procedures, and if there are any comments on the finishing, the delivery official will be notified of these notes without signing the receipt report.

The Ministry of Housing set the prices of housing apartments for all Egyptians within the supplementary offer for citizens outside the priority by announcing housing for all Egyptians (3), where the price of selling a residential unit was 500 thousand pounds in installments, in all cities except Burj Al Arab at a price of 530 thousand pounds, and these prices are subject to increase in the future. Limits of 15% maximum.

The Board of Directors of the Social Housing and Real Estate Finance Support Fund announced amending the minimum and maximum income to obtain housing apartments for all Egyptians, after the Council of Ministers approved the decision.

The maximum income brackets allowed to obtain units in the All Egyptians Housing Project were modified to become 10,000 pounds for single people, and 13,000 pounds for families.

The minimum down payment has been modified to become 20% instead of 15%, and it is paid in installments over 3 years (which is the period of construction of housing units), and the return rate on real estate financing is 7.5% fixed throughout the financing period, with a maximum of 20 years, and the maximum The premium to income ratio is 50%.