PALM HISS DEVELOPMENTS 1من اصل2

BEST-SELLING REAL ESTATE DEVELOPRER IN EGYPT
Palm Hills is the best real estate developer that contributes to changing the
climate of real estate investment in Egypt and the Middle East. The
company has been paying attention to develop integrated urban
communities and consequently it played a major role in supporting the
progress of country and making further achievements and advancement.
Accordingly, Palm Hills was the best-selling real estate developer in
Egyptin20l6with 8.2 billion Egyptian pound.
In the facial year of 2016, Palm Hills made growth in new sales by 29%
compared with 2015. The number of housing units delivered to customers
i 2016 exceeds the number of sold units in the same year in light of then
support the company’s strategy to accelerate the rate of building. Palm Hills
handed over 2.049 housing units in 2016, exceeding the target of 1.800
ones; an increase of 30% on an annual basis, compared with 1.573%
unites in 2015.
The record results achieved tn2016 reflect the trust and satisfaction of
Palm Hills’ customers and support the position of the company as the
highest-quality real estate developer in Egypt. These results also prove the
success of Palm Hills’ strategy that seeks to accelerate the rate ot
construction works, which enabled to contain the ramifications of inflation
and floating of currency. Palm Hills has continued adopting the same
strategy in this year, in which an amount of 3.3 billion Egyptian pounds is
expected to be spent on construction works.
Palm Hills seeks to achieve further growth in the new sales, despite the
challenges that face the real estate sector in 2017 after the liberalization of
exchange rates and inflation resulted from this step. Palm Hills made net
capital flows with 3 billion Egyptian pound from construction works,