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National Housing reveals its land portfolio

National Housing for Professional Syndicates (NHPS) revealed in a statement sent to the Egyptian Stock Exchange (EGX), the portfolio of its land as follows:
- 29,777 sqm in Sahl Hasheesh, South of Hurghada being allocated for a residential project for the employees in touristic hotels. There is a dispute with the Company (purchaser) and the seller.
- Land plot with a space of 750 sqm in Hasan Maamoun, Nasr City. There is a residential building has been establishing on the land since April 2018, the Company said.
The Company stated the exploited proportion of its land portfolio in its projects is about 50%, accordingly the financial statement and its land portfolio not being affected by presidential decrees No. 61 for 2019 and No. 113 for 2018. It added that it has no beach lands or lands on a side of the highways.



Time Added: 2019-02-11 11:36:40
Source: arabfinance
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