Palm Hills buys 190 feddan plot in Sixth of October

Palm Hills Developments bought a 190 feddan plot in Sixth of October for EGP 2,440 per sqm, according to a bourse statement. 15% of the cost is payable to the Housing Ministry this month and the remainder is payable over seven equal annual installments after a three-year grace period. “The land plot is strategically located adjacent to the Company’s existing developments in West Cairo including Palm Hills Golf Views and Golf Extension. The Company is currently finalizing the project’s master plan which is expected to include standalone units and commercial services, with new sales and reservations planned for this year.”