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New Urban Communities Authority announces a public auction for housing  plots in the following cities :

(New  Cairo -  Sheikh Zayed – New Damietta- Al Shorouk- 15th May -New Aswan)

 

according to the following conditions:


1. There will be an auction session at the headquarters
  of every city authority at 12 o'clock in the afternoon according to the date specified in the following table

Auction date

Number  of plots

Bid bond

Location/ area

Name of The City

17/2/2013

(10)

100000 LE

North of Almashtal and palaces zone  (1234 m2-4000 m2 )

New  Cairo

(12)

Extension of west of Golf  zone (871 m2-1072 m2 )

(16)

50000 LE

Alqornful zones(679 m2-916 m2 )

18/2/2013

(62)

10000 LE

Sphinx zones(260 m2-315 m2 )

20/2/2013

(27)

20000 LE

(500 m2-1500 m2 )

Sheikh Zayed

25/2/2013


(30)

8000 LE

(162 m2-348 m2 ) (Chalets )

New Damietta

26/2/2013

(20)

20000 LE

(768 m2-984 m2 )

27/2/2013

(50)

20000 LE

(883 m2-1116 m2 )

Al Shorouk

3/3/2013

(29)

10000 LE

(400 m2-890 m2 )

15th May

5/3/2012

(35)

5000 LE

(500 m2-1100 m2 )

New Aswan

6/3/2013

(35)

 

2. Insurance value of the auction  must be paid  in cash or by check on the name of the city authority no later than the auction session date and it will be refunded for unsuccessful candidates .

3. Successful candidates must pay 25 % of the price of the plot in addition to administrative expenses and expenses of the Board of Trustees and the remaining  of the price will be paid according to one of two ways:
• payment  within a period not exceeding three months from the date of the auction.
• paying over 3 equal annual installments plus interest at the Central Bank of Egypt at the time of payment and  the interest is charged from the date of the auction until the date of maturity in addition to 0,5% administrative expenses , the first installment (installment + interest) is due after a year of the auction date in addition to bank checks of all the installments including the benefits on the name of the city authority .

3. Those interested in entering the auction can preview plots on the ground during official working hours.

5. Auction is subject to the provisions of law No. 89 of 1998.

6. Auction dossier is available  starting on Sunday 2013/2/3 upon payment of 100 pounds / Copy  "only hundred  pounds "  at the above mentioned city authority headquarters .

 

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