What is the new 6th of October City?
New 6th of October City is the latest city of the fourth generation to be established at the present time, based on the new division of 6th of October City to be an extension of it and accommodate the largest number of residents in the new residential and service projects.
Where exactly is the new 6th of October City?
On Al-Wahat Road is the new 6th of October City.
The borders of the new 6th of October city start directly behind the industrial area and extend along Al-Wahat Road on an area of 90,000 feddans.
The new 6th of October city is located only one street away from the current October city.
What is the new division of October 6th City?
The city has been divided into three cities based on the new expansions that are currently being established in 6th of October City:
6th of October City (a 52,000-acre area)
October gardens (27,000 acres)
New October City (approximately 90,000 acres)
Furthermore, the area of New October City is larger than the combined area of the 6th of October cities and October Gardens, making it one of the largest expansions carried out by the state in the city since its inception. As a result, it includes numerous investments in various real estate fields.
What are the land prices in the new 6th of October City?
The price of the land in New October City starts from 2,800 pounds per square meter.
What are payment methods for lands in the new 6th of October City?
The offered amount is paid to the city’s lands by paying a reservation deposit ranging from 50,000 pounds to 350,000 pounds, depending on the level of housing, using a bank transfer system or certified check, and paying the rest of the amount upon receipt of the land or in annual installments of up to three years.
The reservation provider will be refunded if they are not selected in the public lottery.
What is the total number of housing units in the New October social housing project?
The social housing project will include 40,000 housing units for approximately 200,000 young and low-income citizens.
The units in the social housing project are 90 square metres in size.
The project's apartments include a hall and three rooms.
The apartment's finishing is Super Lux.
What are the new distinctive services in 6th of October City?
Work is underway on the roads required for the city to include various services such as:
medical facility
shopping centers
markets.
Big wholesale market.
police departments
church.
Mosque.
Landscaped gardens.
The school.
Excellent transfer.
Work is underway on all city facilities, including gas, water and electricity, to connect them to each unit in the project.
What are the most important investments in the new 6th of October City?
Several investment projects have been set up in the city, including:
Palm Hills has cooperated with the Ministry of Housing on the project.
Egypt housing project.
dry harbor project.
What are the advantages of the "Sakan Misr" project in New October City?
This project targets middle-income Egyptians.
The number of available lands in the Sakan Misr project is as follows: 7000 distinctive housing plots + 3000 distinctive housing plots in the supplementary lottery.
The sizes of the units in the Sakan Misr project range from 115 to 118 square meters.
Apartment level: luxurious facades and high-quality finishes.
What exactly is the dry harbor project in New October City
It serves as a quick access point for export and import products.
It is located on an area of 400 acres, with 100 acres dedicated to the port and 300 acres dedicated to serving the port in its logistics area.
What are the conditions for submitting a land reservation application in the new October city?
An Egyptian citizen (not a company or institution)
You must be at least 21 years old.
He must not have previously been allocated a residence in the social housing project.
A family may reserve a maximum of two plots of land.
What is the latest news in New October City?
The withdrawal of the publication of the conditions brochure for social housing, advertisement No. 16, in the new October city and the rest of the announced cities began on Sunday, September 25, until Saturday, October 1 for people with special needs only, and from 2: 27 October for all citizens, including those with special needs.
Prices of social housing apartments in the new 6th of October City Announcement 16.
According to the detailed terms of the initiative issued by the Central Bank of Egypt on July 13, 2021, citizens are required to pay a down payment starting from 10% for low-income units and starting from 15% for middle-income units, for a period of up to 30 years, at a decreasing annual interest rate of 3%. The value of the serious reservation provider ranges between 15 and 22 thousand pounds, while the selling price of the units presented in the new advertisement ranges between 194 and 310 thousand pounds.
Maximum salary for people with low and middle incomes who want to buy
a social housing apartments
The maximum monthly limit for the low-income category has been raised to 6000 pounds for a single person and 8000 pounds for a family.
While the maximum monthly limit for the middle-income category increased to 13,000 pounds for a single person and 18,000 pounds for a family.
It follows the council's approval of increasing the maximum category eligible for cash assistance from low-income people to a minimum of 5,000 pounds for a net income category of 4,500 pounds per month, and up to 60,000 pounds for income groups below 3,000 pounds net per month.
Provided that it suffices to provide subsidy for the return rate and indirect support for people with a monthly income of more than 4,500 pounds per month, to enable this target group to obtain subsidized housing units, for housing units whose selling prices exceed 340,000 pounds / unit, with a maximum support of 40 thousand pounds Cash for residential units less than 340 thousand pounds.
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