MNHD announces record pre-sales of EGP 5.03 bn in 2017

Madinet Nasr Housing and Development (MNHD) said its pre-sales for 2017 reached “a record” EGP 5.03 bn, according to a bourse disclosure. The figure, which includes contracts and reservations reached the budgeted amount for the year and surpassed 2016’s figure by 46%. “This was achieved primarily from the company’s flagship projects, SARAI which reached EGP 3.1 bn in pre-sales followed by Taj City which recorded EGP 1. 9bn,” MNHD says.