Units of Khalid Sabry Holding's Ronza Tower sold out, chairperson
The company unveils the launch of a new project in the Central Business District in the 4th quarter of this year
Khalid Sabry Holding announced units at 1st phase of Ronza Tower ( with commercial, administrative, medical units and hotel apartments ) in the New Administrative Capital have been sold out.
Chairperson of Khalid Sabry Holding Eng. Khalid Sabry said that the first phase has been completely sold and the second phase has been launched ahead of schedule owing to heavy buying orders , as he expects 2nd phase units to be completed sold late this month.
The third phase of the project is set to be offered in 4th quarter this year, in parallel with putting up for sale the Central Business District's new project, the company's second endeavor in the New Administrative Capital.
Engineer Khaled Sabry, Chairman of the Company’s Board of Directors, said that the project is being executed on a built-up area of 11,000 sqm in the Down Town area inside the New Administrative Capital.
It consists of a ground floor and 10 floors dedicated to administrative, commercial, and hotel activities, besides 3 garages serving the project's leading clients. The project comprises 220 units; with spaces ranging from 19 sqm to 80 sqm.
According to Eng. Khalid Sabry, the company obtained the land of Ronza Tower early August and is poised to start carrying out the project upon getting pertinent license from the New Administrative Capital Company.
"The project is scheduled to finish off in the 4th quarter of 2024, and to deliver half-finished commercial units, fully-finished administrative and medical units, fully finished and furnished hotel apartments."
A marketing and investment plan commensurate with its strategy for the real estate market in the upcoming period has been forged, as the company eyes further expansions and a third project to be carried out in the New Administrative Capital, while mulling investment opportunities in the New Cairo City.
The company rolls out multiple payment facilities and schemes with down payments starting off at 5 percent, 8-year tenures, the highest return on investment of 54 percent and a mandatory leasing contract.
By means of tapping specialized firms, the company focuses on using technology in its real estate projects, as Sherif Sabry Holding seeks to launch a high-quality product using state-of-the-art construction techniques, as the presence of quite similar projects in NAC is heating up competition, he explained.
