The Ministry of Housing revealed the details of a new land offering for immediate allocation, as 3 land plots are being offered in New Sohag City, for the month of July, with applications being submitted from 7/1/2024 AD until 7/15/2024 AD.

The New Urban Communities Authority is offering a plot of land No. without in the entertainment area, with an area of 29,953 m2, with integrated urban activity, at a price of 2,480 pounds / m2.

The building requirements were specified: The percentage of land allocated for housing shall not exceed 50% of the total land area.

• The construction percentage of buildings does not exceed 50% of the area allocated for housing.

• The construction percentage of villas does not exceed 40% of the area allocated for villas.

• Height: (ground + upper floor) for villas - (ground + 3 upper floors) for buildings. It is allowed to establish rooftop rooms whose area does not exceed 25% of the built-up area on the ground floor and which are used as services for the building.

• Density is 120 people/acre for buildings and 45 people/acre for villas.

• The percentage of land allocated for services is 8-12% of the total land area.

• The structural percentage of services does not exceed 30% of the area allocated to each service for commercial, administrative, educational and nursery activities, and for social clubs it does not exceed 20% of the area allocated to the service, and for recreational services it does not exceed 10% of the area allocated to the service.

• The permissible height is ground + two floors for all activities except the nursery. Ground floor is for the nursery and a first floor for nursery management only, and entertainment is ground + first floor. It is allowed to establish rooftop rooms whose area does not exceed 10% of the built-up area on the ground floor and be used as services for the building.

• Civil defense requirements are adhered to.

• Height restrictions permitted by the armed forces are adhered to.

• Areas under deficit and excess, and what is considered is what is delivered as a matter of course and according to the final determination issued by the Survey Department of the City Authority.

• Commitment is made to provide parking spaces in accordance with the Egyptian Code for Garages and its amendments

Project implementation period: 3 years from the date of issuance of the first ministerial decision

Payment mechanism: • The payment percentage is completed up to 25% of the value of the plot of land in Egyptian pounds (10% has been paid and 15% the company is committed to paying within one month from the date of notification with the approval of the Board of Directors upon approval of the allocation) in addition to (1% administrative expenses and 0. 5% Board of Trustees) provided that the final price approved by the main real estate committee is dealt with;

• The remainder of the price of the plot of land will be paid in 6 equal semi-annual installments in Egyptian pounds, the first installment of which is due 6 months after the date specified for paying the advance payment, and all installments will be charged with the financial burdens determined according to the interest rate announced on the Egyptian pound by the Central Bank of Egypt. On the date of notification with the approval of the Authority’s Board of Directors and until the date of payment (plus 1% in accordance with the instructions of the Ministry of Finance and 0.5% administrative expenses)

It is also offering plot No. 6 in the First District services area, with an area of 707 m2, for commercial and administrative activity, at a price of 15,460 pounds / m2.

The building requirements were specified: the building percentage should not exceed 30% of the total area of the plot of land.

• The responses are 5m from the front, 4m from the back, and 4m from the sides.

• Height: (basement + ground + 3 floors) while adhering to civil defense requirements.

• Areas under deficit and excess according to the final determination issued by the City Authority’s Survey Department.

• Project implementation period: 3 years from the date of receiving the plot of land.

• Payment mechanism: • The payment percentage is completed up to 25% of the value of the plot of land in Egyptian pounds (10% has been paid and 15% the company is committed to paying within one month from the date of notification with the approval of the Board of Directors upon approval of the allocation) in addition to (1% administrative expenses and 0 5% Board of Trustees) provided that the final price approved by the main real estate committee is dealt with;

It is also offering a plot of land No. (7) in the factory services area in the fourth district in New Sohag City, with an area of 980 m2, with workshop activities, at a price of 1175 pounds / m2.

In accordance with the following requirements:

• Building requirements: The building percentage does not exceed 40% of the total area of the plot of land.

• The responses are 5m from the front, 4m from the back, and 4m from the sides.

• Height: (basement + ground + two floors) while adhering to civil defense requirements.

• Areas under deficit and excess according to the final determination issued by the City Authority’s Survey Department.

• Project implementation period: 3 years from the date of receiving the plot of land.

• Payment mechanism:

• The payment rate will be completed up to 25% of the value of the plot of land in Egyptian pounds (10% has been paid and 15% the company is committed to paying within one month from the date of notification with the approval of the Board of Directors upon approval of the allocation) in addition to (1% administrative expenses and 0.5% Board of Directors) Trustees) provided that the final price approved by the main real estate committee is dealt with;

• The remainder of the price of the plot of land will be paid in 6 equal semi-annual installments in Egyptian pounds, the first installment of which is due 6 months after the date specified for paying the advance payment, and all installments will be charged with the financial burdens determined according to the interest rate announced on the Egyptian pound by the Central Bank of Egypt. From the date of notification with the approval of the Authority’s Board of Directors until the date of payment (in addition to 1% in accordance with the instructions of the Ministry of Finance and 0.5% administrative expenses).