Engineer Sherif El-Sherbiny, Minister of Housing, Utilities and Urban Communities, announced the opening of the door to purchasing the conditions booklet and paying serious reservation advances for citizens wishing to reserve a housing unit within the presidential initiative “Housing for All Egyptians 5”, for all citizens, including people of determination, starting today, Tuesday 26 November 2024 until Tuesday, December 24, 2024.
The Minister of Housing, Utilities and Urban Communities explained that the “Housing for All Egyptians 5” announcement, during the week designated for citizens with disabilities, witnessed the sale of 43,906 terms and conditions booklets and 8,307 customers paying the serious reservation deposit, which explains the great demand among them to own a housing unit and benefit from the allocation of 5% of the reservation. Units offered to them.
Mrs. Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Support Fund, confirmed that there is no need to crowd in front of post offices from the first day to purchase the terms and conditions booklet, as there is no preference for priority in purchasing the conditions booklet at all.
She explained that the Fund applies a pre-determined priority system, in the event that the number of applicants from low-income clients exceeds the number of available units, or the number of middle-income clients with disabilities only exceeds (5%) of the number of units available in the announced centers/cities. The married person with dependents comes first in priority, then the widow/widower with dependents, then the divorced/divorced man with dependents, then the married man with no dependents, then the single person, which includes (the divorced person with no dependents, the widower with no dependents, A widow with no dependents, a divorced woman with no dependents), and priority is given to the family with the least number in the case of a married/widowed/divorced person with dependents. In the event of equal numbers, priority is given to the oldest.
Mrs. Mai Abdel Hamid indicated that the Fund published a video through its official channels on various social media sites to explain the steps for applying for a housing unit within the presidential initiative “Housing for All Egyptians 5”, in order to facilitate the citizens and prevent them from being exploited by some individuals who seek to achieve material gains. Behind this, the video can be viewed through the link https://tinyurl.com/25apk42a. The Fund also published another video on the details of the conditions sheet for the advertisement, which can be viewed through the Fund’s official platforms. On various social networking sites.
She added that it is the desire of the Social Housing and Real Estate Finance Support Fund to facilitate the procedures for citizens and its keenness to facilitate the procedures for applying for a housing unit within the presidential initiative “Housing for All Egyptians 5.” It was agreed with the National Authority for Social Insurance that citizens do not need to attach a certificate from Social Insurance. (Insurance print) or an approved copy for pensioners or their beneficiaries, provided that the Authority provides the Fund with the data required centrally.
The CEO of the Social Housing and Real Estate Finance Support Fund indicated that the announcement of the presidential initiative “Housing for All Egyptians 5” includes the offering of 78,730 housing units, divided into 40,607 housing units under construction with an area of 90 meters, 1,175 housing units with an area of 75 meters under construction, and 11,920 housing units with an area of 90 meters. meters ready for immediate delivery, and 1,070 residential units with an area of 75 meters ready for immediate delivery, at the level of new cities, At the governorate level, the new announcement includes 608 ready-to-use housing units with an area of 75 square meters, and 23,350 housing units ready for immediate delivery with an area of 90 square meters.
She explained that the advance reservation amount is 20,000 pounds for housing units offered in the governorates, and 30,000 pounds for housing units offered in new cities. Citizens wishing to apply to reserve housing units within the new offer must purchase the conditions booklet in the amount of 300 pounds, and pay administrative expenses in the amount of 355 pounds in addition. To submit a serious reservation, this can be done through automated post offices in the cities and governorates where the residential units are offered.
She added that citizens can learn about the detailed addresses of the automated post offices that have the conditions booklets available by visiting the following electronic link https://bitly.cx/QfOJhy, noting that citizens wishing to apply must enter the website of the Social Housing and Real Estate Finance Support Fund. www.shimff.gov.eg to register reservation data and upload the form and acknowledgment attached to the conditions booklet.
The CEO of the Social Housing and Real Estate Finance Support Fund explained that the prices for the new offering were varied to suit the various target groups and segments, as the price of housing units ready for immediate delivery to low- and middle-income citizens in the governorates ranged between 184 thousand pounds and 400 thousand pounds, and the price of residential units Ready for immediate delivery to low-income citizens in new cities, ranging between 415 thousand pounds and 530 thousand pounds, and housing units delivered within 36 months to citizens. For low-income people in new cities, the price ranges between 542 thousand pounds and 700 thousand pounds.
She confirmed that for the units offered to low-income citizens, delivered within 36 months, with an area of 90 square meters in new cities, the applying citizen must pay quarterly installments in different amounts according to the price of the unit he wishes to contract for.
It was announced that with regard to the units offered at a price of 542 thousand pounds, with an area of up to 75 square meters, and offered in the governorates of Giza (October Gardens), Menoufia (Sadat), and Minya (New Minya), the value of the quarterly payment for the first year (4 payments) is 5 thousand pounds. The value of the quarterly payment for the second year (4 payments) is 6 thousand pounds, and the value of the quarterly payment for the third year (4 payments) is 7 thousand pounds, and the down payment is completed with a minimum. 20 thousand pounds upon contract.
She explained that with regard to the units offered at a price of 650 thousand pounds, with an area of 90 square meters, and offered in the governorates of Cairo (Capital Gardens, May 15th), Giza (October Gardens, New October Gardens), Sharkia (10th of Ramadan), and Aswan (New Aswan), the payment value will be The quarterly payment for the first year (4 payments) is 7 thousand pounds, the value of the quarterly payment for the second year (4 payments) is 8 thousand pounds, and the value of the quarterly payment for the third year (4 Payments) 9 thousand pounds, and the down payment is completed with a minimum of 20% upon contracting.
She added that with regard to the units offered at a price of 700 thousand pounds, with an area of 90 meters, and offered in Alexandria Governorate in the new city of Burj Al Arab, the value of the quarterly payment for the first year (4 payments) will be 7 thousand pounds, and the value of the quarterly payment for the second year (4 payments) is 8 thousand pounds. The value of the quarterly payment for the third year (4 payments) is 9 thousand pounds, and the down payment is completed with a minimum of 20% upon contracting.
She pointed out that the new proposal witnessed a change in the level of income limits, as the minimum net monthly income for a low-income citizen applicant to deal with the real estate financing system became 3,500 pounds.
The CEO of the Social Housing and Real Estate Finance Support Fund stressed that the net monthly/annual income from all sources of income of the low-income citizen applicant should not exceed 15,000 pounds per month, at 180,000 pounds annually, for a family, and 12,000 pounds per month, at 144,000 pounds. Annually per capita.
She added that with regard to middle-income citizens wishing to apply for a housing unit within the new advertisement, the minimum monthly net income for the applicant to deal with the real estate financing system is 12 thousand pounds.
The CEO of the Social Housing and Real Estate Finance Support Fund explained that the net monthly/annual income from all sources of income for the middle-income citizen applicant must not exceed 25 thousand pounds per month, at a rate of 300 thousand pounds annually for a family, and 20 thousand pounds per month, at a rate of 240 thousand pounds annually. For the individual.
The CEO of the Social Housing and Real Estate Finance Support Fund explained that the contract with the real estate financing system for low-income citizens will bear an interest of 8% annually, and an interest of 12% annually for middle-income citizens, with a down payment starting from 20% for an installment period of up to 20 years.
Mrs. Mai Abdel Hamid added that the new offer prohibits the applicant from purchasing units in cash, and is obligated to contract and pay through the real estate financing system for a period of up to 20 years, according to credit approval.
It stressed that the age of the low- and middle-income applicant must not be less than 21 years on the date of the end of the announcement, and that he must have the capacity to act and contract, and that the age of the low-income applicant must not exceed 50 years on the date of the announcement, and the age of the middle-income applicant must not exceed The pension age (established by the Social Insurance and Pensions Law promulgated by Law No. 148 of 2019) at the end date of the loan term (determined according to the credit study of the financing party).
She explained that more information can be found through the Fund’s digital platforms on social networking sites, represented by the Fund’s official page on Facebook through the following link “http://www.facebook.com/shmffeg,” and the official page on YouTube. Through the following link: https://www.youtube.com/shmffeg, and the official page of the Fund via Twitter via the link www.twitter.com/shmffeg, and the official page of the Fund via Instagram via the link www.instagram.com/shmffeg, and the Fund’s official page on the Threads website via the link https://www.threads.net/@shmffeg, as well as the Fund’s website www.shmff.gov.eg, or contact the complaints and suggestions platform through The link is https://cservices.shmff.gov.eg/SHAKWA, as well as the Fund’s official channel via Tik Tok via the link https://www.tiktok.com/@shmffeg or By communicating through customer service centers, such as calling the phone numbers of the Fund’s customer service call center, which includes several numbers: 5999, 5777, or 1188 from any mobile phone, and 090071117 from any landline, or by going to any of the centers. Customer service in city agencies/housing directorates.
