Reserve an apartment in social housing .. Know the location, size
With the rise in housing unit prices dramatically … social housing for middle-income people remains a dream that entices many young people, especially those who are about to get married.
Yesterday, Dr. Assem Al-Jazzar, Minister of Housing, Utilities and Urban Communities, decided to extend the payment period for the reservation provider and withdraw the booklets of conditions, to reserve housing units for middle-income people in the cities (Badr, Hurghada, Port Fouad, Shata and Zarqa), until Thursday corresponding to 22 October, instead of October 8 , In order to give the opportunity to more.
What are the areas of the apartments offered?
The space ranges between 103 and 120 square meters in the fully-finished residential units, which consist of 3 rooms, a hall, a bathroom, and a kitchen.
What about prices and how to pay?
1- Prices start from 480 thousand pounds, for the residential unit, provided that the receipt takes place after a year and a half from the date of the contract.
2- Payment of 50 thousand pounds is required, as an advance for serious reservation, in addition to 200 pounds as registration fees.
3- Payment is made in 12 quarterly payments at a rate of 2.5% of the price of the housing unit for each payment, starting 3 months after the advertisement closes.
4- The rest of the apartment price shall be paid by the mortgage finance system, for a period of 20 years, at an annual decreasing interest rate of 8%.
How to apply for reservations?
Applications are submitted electronically through the website www.shmff.gov.eg
By recording the reservation data and submitting the declaration attached to the conditions booklet. The Ministry of Housing has set conditions for reserving the housing unit, which Al-Masry Al-Youm monitors in the following report:
1- That the person applying for the reservation is Egyptian.
2- The applicant must be at least 21 years old
3- The applicant must be fully qualified and have the right to act according to the law
4- The applicant must adhere to the real estate financing system, through the initiative of the Central Bank of Egypt for average incomes, for a period of up to 20 years, and that the applicant must pay the price of the apartment in cash.
5- The applicant must attach documents proving that he is of middle income to the online portal, and the application is considered canceled if this application is ignored.
6- Buying the conditions brochure that includes the reservation form from the post offices in the cities advertised, with the payment of registration fees and the advance payment of the reservation.
7 – Determine the residential city that he wishes to obtain, and the application will be rejected if there is more than one desire in the form.
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