5,000 land parcels offered in 10 new cities

The Ministry of Housing offered 5,000 land parcels with full facilities in a public bid Sunday, within the social housing lands allocated in 10 new cities.

The land parcels range between 209 and 276 metres, and booking begins in the period between 26 July and 27 August.

In press statement, Minister of Housing Mostafa Madbouly said that the draw comes within the ministry’s policy to offer land with a small margin of profit.

Madbouly added that one family does not have the right to apply for more than one piece of land in the announced cities, and a maximum of four persons have the right to own one piece of land.

Vice President for Real-Estate and Commercial Affairs of the New Urban Communities Authority (NUCA) Tarek El-Sebaai said that the lands will be offered in 6th of October City (764 lands), Obour (42 lands), Badr (622 lands), 10th of Ramadan City (494 lands), and Sadat (200 lands).