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English news

06-Jan-2016

NUCA to launch sale 6,000 land plots in an auction targeting middle-income segment

The New Urban Communities Authority (NUCA) has prepared 6,000 land plots, ahead of the launch of its seventh public auction, targeting the middle-income segment. These land plots are spread over a number of new cities, including Tenth of Ramadan, Badr, Sadat, New Assiut, New Qena and New Sohag, with proceeds expected to reach EGP1.2 billion. The sixth auction drew high interest, with a total of 147,000 bids received for 5,000 land plots offered and EGP3.6 billion collected in downpayments. (Al Borsa)

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