Egypt builds 500K residential units for citizens non-eligible for social housing

Egypt builds 500K residential units for citizens non-eligible for social housing

CAIRO - 3 June 2021: Good Morning Egypt TV show aired Thursday a report on a presidential initiative aimed at building 500,000 residential units in the capitals of governorates for citizens whose income is higher than the maximum making them eligible for social housing. The size of each unit of those is 110 square meters, and it consists of three rooms, combined living and dining area, kitchen, and bathroom. In November, the reservation of a number of social housing units opened for a week. The number of units offered was 125,000 located across 14 new cities. Citizens who wish to get units have to first purchase application forms from any nearby post office. Then, pay a deposit worth LE125,000. The units will be delivered within 36 months, and are finished. The housing minister stated that the state subsidizes each unit with a sum ranging between LE210,000 and LE280,000 for low-income citizens and LE190,000-LE250,000 for middle-income countries. The subsidized amount consists of the cost of utilities introduction, and the land price among others. Egyptian President Abdel Fattah El Sisi on Monday ordered establishing 500 housing units inside large cities and capitals of governorates, as part of the national project dubbed "Residence