The Administrative Capital announces the procedures for handing over the Capital Residence units to the two bookers

9

Engineer Mohamed Abdel-Maqsoud, head of the New Administrative Capital Development Authority, announced the procedures for handing over the housing units in the Third Residential District, Capital Residence, R3, in the New Administrative Capital, in order to facilitate the bookers and in light of the start of the delivery of units to their bookers this week.

The head of the New Administrative Capital Authority stated that the procedures that are followed to receive the housing unit are as follows: Go to the Housing and Development Bank Badr Branch – the club branch, and the amount of the receipt payment is paid in the amount of 10% of the value of the housing unit shown in accordance with what is stated in the booklet of conditions for reserving units And the payment of an amount for the maintenance deposit, which represents 5% of the value of the housing unit, the payment of an amount of 2000 pounds, contracting expenses and the writing of the contract, and the issuance of checks for the remainder of the unit price of 70% of the price of the residential unit in quarterly installments, and according to the installment system chosen by the customer for the payment system “3 years – 5 years – 7 years”.

He added: A letter will be taken from the bank about what has been done and referred to as the previous steps and head to the headquarters of the New Administrative Capital, to complete the procedures by the Real Estate Administration, and to inspect and receive the housing unit at the site.

The article “The Administrative Capital” announces the procedures for handing over “Capital Residence” units to the holders. It was written in the Al-Borsa newspaper.