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English news

10-Mar-2016

Madinet Nasr Housing (Egypt) takeaways – 1Q2016 has been slow, seasonality could be blamed

Sales at Capital Garden, co-developed with Palm Hills, totalled EGP340 million to date -  Company’s share in Capital Gardens is 36%; 26% booked as revenue with contracted sales, the remaining 10% upon the delivery of infrastructure (within three years) -  1Q2016 has been slow, seasonality could be blamed; 2016 expected to match the 2015 figure   -  Decent progress has been made at Sarai: master plan approved, infrastructure and utilities finalised -  New launches for 2016: phase II for T-Zone, further launches in Capital Garden, phase I in Sarai (Mai Attia, Sara Boutros, company)  

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