Assets for real estates intends to finish “Swan” project in 2017, with the number of 1300 units, on an area of 125 acres in Sidi Abd El Rahman, Matrouh, with the investment cost of 650 million pounds. It is expected to achieve sales of up to one billion pound, the company being self-financed.
Marketing manager of the company, Ihab Youssef, stated that it is scheduled to deliver the first phase of the project that includes 600 units in 2014, ensuring the company’s commitment to establish all units with sea-view, rising 250 meter above sea level. The construction rate reached 14% of the lands’ area and the project is divided into 4 districts where the first two districts contains villas with areas of 200 – 225 meter, and the last two districts contains chalets with areas of 100 – 150 meter.
He cleared that units’ prices starts from 300 thousand pounds to 2 million, and payment methods are installed on two and four, even six years, with a down payment that ranges from 5- 15% interest-free.