Gold House launches phase III of new capital project

Golden House Real Estate Investment launched on Monday the third phase of its project in Egypt’s new administrative capital – Roses. The move followed Golden House’s marketing of two previous phases, generating sales totalling 350 million Egyptian pounds ($21.7 million).

The company aims to continue the success it achieved in the previous phases until the completion of the project, its chairman Hady Shendy said.

The project is located in R8 neighbourhood in the new capital, near to the service area. Its built-up area is 20 percent and the rest is allocated for green spaces and artificial lakes.

It is near the Opera House and the presidential palace.

The project provides its residents an access to integrated services, Shendy said.

Mohamed Fathy, marketing manager at the company, said the project is located on an area of 22 feddans, and the company offers facilitations, including 10-25 percent down payment and instalments up to nine years with zero interest rate.

The company participates in many real estate exhibitions to market its projects and meet its customers to know their housing needs, Fathy added.