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Monday, 29 June 2020

Sodic sells out Vye villas in two days

Sodic sells out of Vye villas in two days: Sodic sold all its first batch of detached, solar-powered villas in its Vye compound within 48 hours of going on sale, in what was the developer’s first launch since the outbreak of the covid-19 pandemic. The sales brought in EGP 250 mn, the company said in a statement (pdf) yesterday. The real estate developer hopes to sell EGP 43 bn worth of units in Vye, having already recorded EGP 1 bn in sales in just two days in December. The Vye project is the first of three compounds to be included in a 500-feddan development in New Zayed City.

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