Better House completes the sale of the first phase of the Vidala project in the city of Galala, with investments of 3 billion pounds

The company successfully implemented 25% of the project in record time

Better House for Real Estate Development has succeeded in selling the first phase of the Vidala project, which is located in New Galala City, on an area of 56 acres.

Mina Andreous, Vice head of the Board of Directors, said that the investments of the project are estimated at about 4 billion pounds, other than the value of the land, to be implemented within two and a half years maximum, stressing that the project includes about 1068 housing units, covering various areas ranging from 55 square meters to independent villas other than 400 hotel units within the project.

He referred to the Fidala project in the new city of His Majesty divided into 4 sales stages, noting that the company raised the prices per meter within the project after increasing the demand to reach 24900 pounds with the launch of the second stage, after it started selling the first stage for 22,900 pounds, that the project contains an artificial sea on an area of 4 acres.

The company completed the sale of the “Sky Capital” project in the R7 area in the New Capital, with sales estimated at 1.4 billion pounds, in addition to achieving good sales in the project.

The SkyCapital project was located in the R7 district of the new capital, near the embassy district as well as the Russian University, on a 14-acre area comprising about 19 residential buildings, which accounted for only 19% of the total land area.

He explained that the company succeeded in maintaining the progress of construction inside the project site during the period of the spread of the new Corona virus, so the percentage of construction inside the project exceeded about 50%.

He confirmed that the company is financing the project itself through its solvency in addition to royalties and premiums from customers, noting that the current period is not seeking to engage in any bank negotiations.

It was pointed out that the company directed its marketing of the project to Egyptians living abroad, in line with the State's idea of exporting real estate, with foreign sales amounting to more than 50% of the project's total units.