Recently, there has been a major expansion in the construction of residential projects known as compounds. Some investors resorted to the real estate projects as a safe investment solution, which leads to good diversity in residential options and reflected in turn on the unit prices. We, in Aqarmap, are keen on tracking movement of the real estate market by shedding light on the leading residential projects, and monitoring the real estate market through the Aqarmap index, so that the consumer becomes aware of everything. In the coming lines, we will learn more about Palm Hills October Bamboo Extension Compound.
Overview about the developer
The leading Palm Hills Developments Company has developed the Palm Hills October Bamboo Extension project, as a new round of its series of projects in 6th of October, such as Palm Hills October and Palm Valley.
Palm Hills Developments was founded in 2005 by Mansour Group. The Company soon achieved, in the past 13 years, a great success that made it worthy to be one of the greatest real estate companies in Egypt.
The developer of Palm Hills October Bamboo Extension developed the project in partnership with the Moroccan Investment and Development Company, which is listed on the Egyptian Stock Exchange (EGX) and London Stock Exchange (LSE) as well. Such partnership provided Palm Hills Development with a great ambitious opportunity to be an influential regional player, not only locally, in the real estate field. This is clearly demonstrated by the Company’s interest in buying about 5 million square meters of land in the Kingdom of Saudi Arabia, after its success in possessing more than 27 million square meters of land in Egypt. The main vision of the Company is to achieve self-sufficient projects for residents.
The Company has major projects in New Cairo: Palm Hills Kattameya, Palm Hills Kattameya Extension, Palm Hills New Cairo, and in October: Woodville Compound, The Crown, and Casa Sheikh Zayed.
Details of Palm Hills October Bamboo Extension
The project is located on 168,000 square meters of area. Constructions occupy 66,000 square meters only, with totally 150 units.
Bamboo Extension is a luxury residential project with a unique design. The offered units are varied from Townhouses to Villas.
Services of the Compound
The Compound provides a variety of services, aiming at being self-sufficient likewise the various projects of Palm Hills. To achieve this goal, the Compound provides a wide range of restaurants and cafes to suit different tastes. Besides, it has different stores to meet the needs of visitors, as well as a gym. The most important services of the Compound are the 24-security service and the swimming pools that scattered everywhere in the Compound.
Unique features of the Compound
The most important feature of the Compound is the availability of about 100,000 square meters of green area, which is almost two-thirds of the Compound’s area. The total number of units is 150, so each person’s share of that area will be very large and he will feel as if he has a private share of his own. The Compound also provides different payment facilities, besides cash payment, which is another advantage for those who want to pay the price of their units in installments over several years.
Location of the Palm Hills Bamboo Extension Compound
The Compound is located in 6th of October city, specifically close to Dahshur, and next to the 26th of July Corridor. The Compound is 10 to 40 minutes drive away from the capital’s centers, such as downtown, El Mohandeseen, and Giza.
The Compound is located in 6th of October City, which enjoys, albeit located on the outskirts of Cairo, excellent services, major commercial centers, government and private services, as well as schools and universities. Simply, the Compound provides you with an island of excellence and wonderful residential life, but such island is not isolated.
Prices of housing units in the Compound
The average price per square meter in the Compound is about EGP 27,000 (according to prices at the beginning of 2019). There are different installment systems up to 6 years, with an advance payment ranging between 5% and 15%. Also, you can buy from some owners who have already bought from the Company.
The price per square meter in the neighborhoods of 6th of October city varies according to the region and the type and finishing of unit, but this price is still reasonable and less than prices in other cities, such as the New Capital, where there is high demand for housing units.
Start searching for compounds in 6th of October City on Aqarmap
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