Based on the directives of President Abdel Fattah El-Sisi, the Social Housing and Mortgage Finance Support Fund, affiliated with the Ministry of Housing, Utilities, and Urban Communities, is preparing to launch 400,000 housing units soon for low- and middle-income citizens. This has led to an increase in searches for the release date of the new social housing units for 2025.
Mohamed El-Homsany, the official spokesperson for the Cabinet, stated that the government is working to provide the most significant number of social housing units for low- and middle-income groups. He confirmed that the Minister of Housing and the Engineering Authority had instructed a working team to study the details of the announcement, including the locations of the targeted units, pricing, payment methods, and unit sizes.
In a televised statement, the Cabinet spokesperson mentioned that the total number of housing units will reach 400,000, and all details will be officially announced after the Eid al-Fitr holiday.
El-Homsany also added that some units will be available for immediate delivery. In contrast, others will be completed within two years, a feature that may not be widely available in the real estate market.
Specifications of the Social Housing Units for Low- and Middle-Income Citizens:
- Housing units are available in various sizes.
- Some units are ready for immediate delivery.
- The announcement will include the booking and payment conditions.
- Units will be available in several new cities and governorates.
Pricing of Housing Units for Low- and Middle-Income Citizens:
The Cabinet spokesperson clarified that social considerations are being considered in the pricing and payment systems. Additionally, an inventory of available locations in multiple governorates is being conducted, and the details will be officially announced once the survey is completed.