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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

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Orascoms CAPE CITADEL outside Sahl Hashhesh - Page 10

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  #91  
Old 09-08-2008, 01:20 PM
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Unhappy Contract

Hello everyone

It seems this thread is gone a bit quite; is anyone reserved any unit on this Orascom Cape Citadel project; i heard that the contracts are not ready yet and the reservations fee are not refaudable...::
Could anyone please have any more informations on this matter or indeed of any kind.?
The project looks fantastic and I'm very tempted to reserve a unit....
Thank you.
Kia
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  #92  
Old 09-08-2008, 10:40 PM
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Yes I have reserved a unit. Been out there and the project is really impressive. Haven't heard anything about a delay to contracts, but arent too concerned as it saves me paying the balance of the deposit (22.5%). I have it in writing that my deposit is refundable up to 14 days after receipt of contract.
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  #93  
Old 10-08-2008, 04:37 AM
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hello Tapee
If you don't mind to ask you, did you reserve your unit direct to Orascom or you use an agent?
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  #94  
Old 11-08-2008, 09:07 AM
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Originally Posted by kia11 View Post
hello Tapee
If you don't mind to ask you, did you reserve your unit direct to Orascom or you use an agent?
Hello Kia,

I work for an agent called Select Resorts who are an associate office of Savills International and market properties at Cape Citadel.

With regards to the deposits, Tapee is correct in saying that the deposit is fully refundable up to 14 days after receipt of contract.

If you do require any further information, please let me know.

Regards

Ben
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  #95  
Old 18-08-2008, 07:18 PM
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Hi Kia11

Sorry for the delay, but I reserved through Select Resorts, who I think originally had exclusivity as an agent in marketing the development. Their service was good and I would recommend using them.
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  #96  
Old 19-08-2008, 02:52 PM
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Originally Posted by Select Resorts View Post
Hello Kia,

I work for an agent called Select Resorts who are an associate office of Savills International and market properties at Cape Citadel.

With regards to the deposits, Tapee is correct in saying that the deposit is fully refundable up to 14 days after receipt of contract.

If you do require any further information, please let me know.

Regards

Ben
Hi , are the contract ready jet? and so when?
Thank you.
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  #97  
Old 19-08-2008, 04:55 PM
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Originally Posted by kia11 View Post
Hi , are the contract ready jet? and so when?
Thank you.

We are presently awaiting contract, latest update is that it will be ready and with us next week.
Any further questions, please let me know

Best Wishes
Ben
www.selectresorts.co.uk
0044 (0)1202 765011
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  #98  
Old 20-08-2008, 01:02 PM
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Originally Posted by Select Resorts View Post
We are presently awaiting contract, latest update is that it will be ready and with us next week.
Any further questions, please let me know

Best Wishes
Ben
www.selectresorts.co.uk
0044 (0)1202 765011
Dear all

A copy of the contract has been received today.

Best Wishes,

Ben
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  #99  
Old 30-08-2008, 01:15 PM
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i think the contract will be changed soon as alot of my customers started to comment about and they have the rights as the contract has alot of points notted
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  #100  
Old 06-09-2008, 11:18 AM
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Originally Posted by Red Sea Way View Post
i think the contract will be changed soon as alot of my customers started to comment about and they have the rights as the contract has alot of points notted
Yes, I also recieved a contract and there are very important articles missing e.g. Principal and Secondary Real Rights, warrants the buyer are free from any types of principal real rights such as mortgages, loans and judgement charges etc.

Do you have any opinion regarding this matter.


Kia
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