Palm Hills: Real Estate Sector is the Saver of Direct Investment
The Company Committed to Delivering Projects despite Challenges
Launch of More Units to Support Egypt’s Real Estate Sector
PHD Welcomes 2013 with the launch of Village Avenue Project
Major Construction Company Carries Out Palm Hills Projects
New Financing Solutions Suitable for Current Economic Situation
Cairo" almasalla" … Mohamed Sultan, CEO of Palm Hills Developments (PHD), stated, “The real estate sector faced and withstood numerous challenges over the past few years, therefore, everyone should be moving towards supporting this sector in the coming period.”
Sultan added, “Despite these difficulties and challenges, the real estate sector still enjoys features and qualities that make Egypt one of the most important markets in attracting direct investments in the region.”
He added, “These obstacles caused a delay in the completion of projects at the expense of the developer, who was forced to bear the price differences. In spite of this, PHD succeeded in fulfilling its commitment in delivering housing units in various projects, with the completion and delivery of 674 units last year and plans to deliver 2,729 residential units this year.”
Through the Cityscape Exhibition that begins today, PHD presents its Village Avenue project in New Cairo, which is the company’s first project for 2013 following the unprecedented demand and success of PHD’s residential buildings in New Cairo, including “Village Garden Katameya”., which has been sold out and delivery is scheduled in 2014. Likewise, all “Village” project units have been sold and 50% of them have been delivered and the rest are ready for delivery.
The company developed “Village Avenue” in recognition of customer needs, as it includes residential buildings with unique architecture for different segments and offers a range of installment payments for residential units to meet the needs of varying customer segments.
Out of PHD’s strong confidence in the real estate sector, through the Exhibition, the company introduced a variety of units with a range of innovative financing solutions in more than 18 projects across Egypt. With strategic partnerships with a number of leading construction companies such as “Orascom Construction”, “Dora”, “Hassan Allam Sons”, “UEC”C and others, PHD completed the majority of projects with the same quality standards that the company is known for.
