The New Urban Communities Authority (NUCA) has announced the sale of 1,650 units over the last week of its new launch for its share of units in Talaat Moustafa Group’s (TMG) projects, Rehab and Madinaty, to Egyptians abroad. The total launch size is 2,568 finished units, across the two projects. NUCA had further reduced the selling prices for the units from USD960/sqm at Rehab to USD800/sqm and from USD710/sqm to USD575/sqm at Madinaty, in order to expedite the sale of units. The total inventory of units for NUCA as part of its in-kind agreement with TMG amounts to 10,680 units, of which 7,920 are in Madinaty (with unit sizes ranging between 58 sqm and 211 sqm), while the remaining 2,760 are in Rehab (with unit sizes ranging between 58 sqm and 162 sqm). (Al Borsa)   TMG Holding: EGP4.97 as of 26 June 2016, Rating: Buy, FV: EGP10.25 per share, MCap: USD1,155 million, TMGH EY / TMGH.CA