EGP 350m price tag for Park Lane’s first phase construction in NAC

EGP 350m price tag for Park Lane’s first phase construction in NAC

El Attal expected to achieve a large rate of sales for the Park Lane project, especially with the government administrative district being so close to them, which will garner great demand for investments.. Comments Off on EGP 350m price tag for Park Lane's first phase construction in NAC. El Attal Holding began constructing Park Lane Compoundhood's first phase in the New Administrative Capital (NAC), Chairperson Ahmed El-Attal announced.. El Attal said the construction cost for the first phase of the project amounted to EGP 350m.. The Park Lane Compoundhood spans over 26 feddan in R7 in the NAC, close to the Swedish and British Universities and the diplomatic district.. As for his expectations for Egypt's real estate market and performance rates during 2020, El Attal indicated that there is great optimism in the sector, especially with the Central Bank of Egypt launching its mortgage finance fund initiative for middle-income people with a decreasing interest of 10%, at a value of EGP 50bn at the end of 2019..