The Ministry of Housing, represented by the Social Housing Fund and Real Estate Financing Support, begins to present the brochures of the conditions for the new offering of social housing as part of the President’s initiative to provide fully-finished housing units on November 1 for those with disabilities and November 8 for all citizens.
The bid book containing the housing unit reservation form is purchased through any automated post office at the level of all cities and governorates in which the housing units are offered.
The number of units offered for reservation reaches 100 thousand units with areas of 75 meters and 90 meters, in cities (Badr “Capital Gardens” – October Gardens – New October “West Airport Area” – 15 May – 10th of Ramadan – New Obour – Sadat – New Minya – Mallawi New – New Aswan – New Qena – New Sohag), at prices of 244,000 for the 75-meter apartment, and 310,000 for the 90-meter unit.
According to the announcement of the reservation conditions, the price of the apartment in social housing will be paid over 20 years, with the real estate financing system at a reduced interest of 7%, and Masrawy explains it in the following points:
– The price of the 90-meter apartment has reached 310 thousand pounds, where 15.5 thousand earnings are paid in addition to 100 pounds in terms of a brochure and 350 administrative expenses that are not refundable.
– After the completion of the application and announcing the names of those who meet the conditions, starting from next April 1, the payment of 12 quarterly installments, the value of the installment of 2600 pounds, that is, by the end of the 12 installments, the applicant has paid 31 thousand and 200 pounds, regardless of the seriousness of the reservation
– After the end of the installments, the field inquiry processes and then the credit inquiry begins, specifically after 3 years from now, and here the receipt payment is determined, which reaches 50 thousand in an average manner, as it varies from one barrier to another according to the rate of income and age, as well as the funding authority and also the value of the support granted to the applicant by the Housing Fund .
– With this, the impound has paid approximately 100 thousand until receipt, which is a serious payment of the reservation, quarterly installments and a receipt payment, leaving 210 thousand pounds, from which the value of the subsidy granted by the fund, which is determined according to the salary and age, is deducted, and if the applicant’s income is 3000 and he is 35 years He will receive an average subsidy of 25 thousand pounds.
– Thus, the remainder of the unit price will be 185 thousand
EGP is added to the amount of interest that reaches 7%, decreasing, as the value of the monthly installment reaches 40% of the average income, and in this case it could be 1000 on average.
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