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Sunday, 12 July 2020

NACCUD eases payment requirements for new capital developers

The New Administrative Capital Company for Urban Development (NACCUD) has cut the required downpayment for real estate developers on land in the new administrative capital to 10%, from an initial 20%, Hapi Journal reports, citing unnamed sources from the state-owned company. NACCUD will also be extending loan repayment schemes by one year as part of its incentive program. Investors willing to make 25% down payments in USD will also receive special privileges in land allotments.

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