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Egypt
Egypt's STM Investment has announced the complete sellout of the first phase of its Naia residential project within Kayen City, generating EGP 16 billion in sales within just two weeks of launch.
Following strong demand, the company has opened reservations for the project's second phase, reflecting continued interest in integrated residential developments.
STM's development model focuses on completing homes, infrastructure and community facilities before sales, allowing prospective buyers to assess fully developed properties.
The project forms part of Kayen City, a major mixed-use urban development spanning more than 22,000 feddans near New Cairo and Egypt's New Administrative Capital.
The wider masterplan integrates residential, commercial, educational, healthcare and recreational facilities, supporting the expansion of modern urban communities in Egypt.
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