Talaat Moustafa Group Holding (TMGH) Reports Record Contractual Real Estate Sales and Reservations of EGP 86 Billion
TMGH has disclosed its impressive achievements in contractual real estate sales and reservations through its sales sector. The company recorded EGP 86 billion in sales, a substantial increase compared to the EGP 34 billion achieved during the same period in the previous year, showcasing an unprecedented year-on-year growth rate of approximately 153%.
These outstanding sales figures include reservations amounting to approximately EGP 11.5 billion in the newly developed sustainable city named "Banan," located east of Riyadh, Kingdom of Saudi Arabia. These reservations were secured within the past three days since the soft launch of the project.
It is important to note that the soft launch was exclusively available to a select clientele, while the official launch, open to all clients, is scheduled for May 15.
TMGH's remarkable performance in real estate sales demonstrates the strong market demand for their offerings. The success of the soft launch in generating substantial reservations reflects the attractiveness and potential of the new sustainable city development.
Source: Company Disclosure to EGX
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