The Ministry of Housing has reportedly sold c3,000 units at the launch of its share in TMG’s Madinaty and El-Rehab projects since last Sunday. A total of 3,912 were offered at Madinaty and 1,488 units at Al-Rehab, with unit sizes ranging between 58 sqm and 162 sqm. c2,688 are yet to be delivered by TMG to the government at Madinaty. Prices were raised to EGP5,950/sqm, from EGP5,500/sqm at Madinaty and EGP7,600/sqm from EGP7,500/sqm at El-Rehab. (Al Borsa) TMG Holding: EGP5.30 as of 20 October 2016, Rating: Buy, FV: EGP10.25 per share, MCap: USD1,232mn, TMGH EY / TMGH.CA
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