{"id":652908,"date":"2017-01-22T04:37:25","date_gmt":"2017-01-22T04:37:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/phd-expects-revenues-to-rise-in-2017-sees-sector-stabilizing-within-three-quarters\/"},"modified":"2017-01-22T04:37:25","modified_gmt":"2017-01-22T04:37:25","slug":"phd-expects-revenues-to-rise-in-2017-sees-sector-stabilizing-within-three-quarters","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/phd-expects-revenues-to-rise-in-2017-sees-sector-stabilizing-within-three-quarters\/","title":{"rendered":"PHD expects revenues to rise in 2017, sees sector stabilizing within three quarters"},"content":{"rendered":"

Palm Hills Developments (PHD) expects a \u201cjump in sales\u201d in 2017, Chairman Yasseen Mansour told Bloomberg<\/a>. PHD is targeting EGP 8.5 bn in contracted sales during the year and aims to deliver 2,000 homes. \u201cMany of the small developers that entered the industry since the uprising six years ago will be forced out, and that the challenging economy gives bigger companies a \u2018good chance\u2019 to regain market share. Egyptian real estate will take two to three quarters to stabilize and \u2018those who didn\u2019t plan carefully for this will be burnt,\u2019\u201d Mansour says. PHD also has plans to acquire a land plot in Alexandria and expects to surpass 2016\u2019s financial performance \u201con every single metric.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Palm Hills Developments (PHD) expects a \u201cjump in sales\u201d in 2017, Chairman Yasseen Mansour told Bloomberg. PHD is targeting EGP 8.5 bn in contracted sales during the year and aims to deliver 2,000 homes. \u201cMany of the small developers that entered the industry since the uprising six years ago will be forced out, and that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652908","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"8f1883c4-f3e0-4c76-b72f-23d78ad007f4","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652873],"teaser":"","voice_url":""},"yoast_head":"\nPHD expects revenues to rise in 2017, sees sector stabilizing within three quarters - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/phd-expects-revenues-to-rise-in-2017-sees-sector-stabilizing-within-three-quarters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PHD expects revenues to rise in 2017, sees sector stabilizing within three quarters\" \/>\n<meta property=\"og:description\" content=\"Palm Hills Developments (PHD) expects a \u201cjump in sales\u201d in 2017, Chairman Yasseen Mansour told Bloomberg. 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