The Housing Ministry is expecting to collect USD900mn from the sale of 3,000 land plots at Bait Al-Wattan for Egyptians abroad, of which 2,000 land plots are located in New Cairo. This launch is for plots that were not sold at the latest launch. Land price in New Cairo is USD550/sqm, USD400/sqm in New Damietta, USD225/sqm in Badr City, and USD450/sqm in Sixth of October City. USD225mn are expected to be collected in down-payments. Land plots are planned be delivered between January and July 2016. (Al Borsa)
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