Conditions and controls for selling social housing apartments

The Minister of Housing, Utilities and Urban Communities, Dr. Assem Al-Gazzar, announced the completion of the procedures and delivery of more than 4,100 housing units to the beneficiaries of the units in the first phase of housing for state employees moving to the New Administrative Capital in the “Zahrat Al-Asimah” project in Badr City.

Below we explain what are the conditions and controls for selling social housing apartments after they are received by the Ministry of Housing.

The Ministry of Housing has amended the period for the possibility of selling a social housing apartment to become 5 years instead of 7 years, as citizens who obtained residential apartments in new cities during the past years can sell them 5 years after obtaining them, through the city agency and the bank that He deals with the citizen through a real estate financing loan, especially since the fake sale falls under the penalty of the law, because the units sold are subsidized by the state.

 Steps to sell a social housing apartment

The steps to sell a social housing apartment legally begin with the seizer notifying the Social Housing Fund administration of the sale, then paying the rest of the loan price in full so that he can sell it legally, as the Housing Law abolished sales by agency, a lease contract, or a fictitious sale.

The Fund also verifies before the sale that there are no violations of any kind, and the buyer replaces the seller in all applicable obligations or controls.

The danger of sub-purchasing social housing apartments through a fictitious contract or an informal lease

For her part, Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Support Fund, confirmed that if it is discovered that social housing apartments have been sold or rented fictitiously or subletively, the apartment will be confiscated and any ownership or rental contract will not be taken into account. Consequently, the buyer is exposed to losing his money and rights, especially since the contract is not valid. legal.

The citizen who sells the apartment is also transferred to the prosecution, according to the penalties for selling outside the legal framework specified by the Housing Law, as a period of 5 years must elapse from obtaining the apartment and the seizer must be notified by the Social Housing Fund administration of the sale and then pay the remainder of the loan price in full until... It can be sold completely.

Penalty for illegally sub-selling or renting a social housing apartment

The CEO of the Real Estate Finance and Real Estate Finance Support Fund also confirmed that anyone who deals with social housing units illegally will be punished with imprisonment for a period of not less than one year and a fine of not less than 20 thousand pounds and not exceeding 100 thousand pounds, or with one of these two penalties in addition to the return of the housing unit.