Conditions for selling and renting social housing apartments

The Social Housing Law prohibits the disposal of social housing apartments, whether by sale, rent, or any other type of disposal, before 7 years have passed from the date of obtaining support, or obtaining the Fund’s approval.

Social housing apartments

According to the Social Housing Law, any action or transaction in social housing apartments in violation of this law is void.

Selling and renting social housing apartments

The decision to ban the disposal of social housing apartments before the specified period aims to protect the occupiers of social housing apartments from being exploited by some brokers or merchants, and to ensure that eligible families benefit from this government support.

Conditions for selling and renting social housing apartments

According to the Social Housing Fund, the disposal of social housing apartments after 7 years of obtaining them; This is done by obtaining written approval from the Fund stating that it has obtained a release from all obligations and payment of the services required in this regard.

Penalty for violating the conditions of selling or renting social housing apartments

Violating these conditions will result in a number of penalties, up to 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 one of these two penalties.

The ruling will be made to return the benefited housing unit, the support granted (direct and indirect), and its cost in one lump sum to the Fund.

The Ministry of Housing, represented by the Urban Communities Authority, continues to receive requests to reserve residential apartments in projects (distinguished housing with a coastal character - Misr Housing - Jannah) in 5 cities, which are: (New Rashid - New Mansoura - Nasser “West Assiut” - West Qena - Malawi). New), for immediate reservation through the city agency with easy payment systems.

Misr and Jannah housing apartments and distinguished housing

The New Urban Communities Authority explained that 144 units were offered in New Rashid City, 288 units in New Mansoura City, 192 in Nasser City (West Assiut), 144 units in West Qena City, and 148 units in New Malawi City.

Misr and Jannah housing apartments and distinguished housing in 5 cities

As part of the “Real Estate” newspaper’s keenness to provide comprehensive service coverage to its readers, we publish for you the details of the Misr and Jannah Residence apartments and the distinguished housing.

Reservation provider for Misr, Jannah and Distinguished Housing apartments

1- The value of the advance reservation for premium housing apartments amounted to 25 thousand pounds.

2- The value of the advance reservation for Egypt Housing apartments amounted to 50 thousand pounds.

3- The value of the advance reservation for Jannah apartments amounted to 100 thousand pounds.