Cairo – Mubasher: Palm Hills Development (PHD) said Wednesday it recorded EGP 589 million sales in its Capital Gardens project.
The number of sold or reserved units amounted to 411, or 95% of the total number of units offered in the first week of reservation, the company said.
The development of ‘Capital Gardens’ is being carried out by PHD in partnership with Madinet Nasr Housing.
Palm Hills announced on 2 December signing a Memorandum of Understanding (MoU) with Madinet Nasr to carry out the new project, which is located in New Cairo over an area of 103 feddans.
The project will be carried out over four phases, the first of which will be started this month.
