Concept to sell third phase of Siela North Coast next summer

Egypt’s Concept Real Estate Group is planning to complete selling the third phase of its flagship Siela in North Coast within the next summer, said its Ehab Abou El Magd on Thursday.

The property development firm had earlier launched the project’s third phase, which includes 250 chalets, about two-month ago, El Magd further added.

Spanning over 10 feddans, Siela encompasses around 600 units and clubs as well as a number of commercial and entertainment services, he said.

“We had marketed the project’s first phase,” he said, adding that Concept also promoted 85 percent of the second phase and 10 percent of the third phase.

“The project will be completely implemented within 2023,” El Magd added.