Golden House Real Estate Investment Company announced the launch of its “Rio Complex” project, the most distinguished place in the city of New Cairo, with a medical administrative activity with an investment of 600 million pounds.
Hady Shandy, chairman of the Golden House Real Estate Investment Company, said that the project is built on an area of 1,600 square meters and includes about 4,600 meters of sales area with a total of 108 diverse units in a distinctive location in the new city of Cairo.
He explained that the new city of Cairo is witnessing an increasing demand for projects with service activities, because it included a large investment return in light of the high rate of works in the city and the shortage of commercial, administrative and medical projects.
He added that the “Rio Complex” project includes 108 units of various areas that meet the requirements of various activities starting from 31 square meters. The project is implemented in one stage. The company started construction within its plan to complete the project according to the timetable and will be opened in mid-2023.
He pointed out that the company is launching the project with a number of payment systems that meet the needs of its customers with an advance starting from Zero down to 30% of the unit value and payment periods up to 7 years without interest.
Hady Shandy stressed that the best time to buy in light of expectations of real estate price hikes during the coming period against the backdrop of the global inflationary wave that affected construction materials, thus raising the cost of implementation of projects.
The company recently launched the third phase of its Roses project in the administrative capital, following the completion of marketing of the first and second phases of the project during a record time, which is a 22-acre housing project in a distinct area in the R8 neighbourhood.
The project features green Spaces, industrial lakes, social clubs and a restaurant area where only 20% is built, with the remainder dedicated to green areas and industrial lakes.
The Chairman of the Golden House Board of Directors said that the company has developed an expansion plan during the coming period that includes focusing on the implementation of its current projects in addition to developing a number of projects with various activities in distinct places that meet the requirements of its customers so that the company will occupy its distinctive place in the Egyptian real estate market.