Egyptian property developer Hyde Park Real Estate announced Monday a new residential phase named Park Corner as part of its flagship development Hyde Park in New Cairo.
With investments worth 5 billion Egyptian pounds ($563.2 million), Park Corner will cover 533,000 square meters, the company said.
Hyde Park will deliver Park Corner within three years from the date of signing contracts with customers, its chief executive Amin Serag stated.
The new phase is set to include 205 standalone villas, townhouses, twin houses, and 1400 apartments, alongside 300 duplexes, and family villas, Serag added.
The phase includes an up-to-date medical center on an area of 25,000 square meters, making Park Corner a part from Hyde Park project. It presents an integrating and distinguishing project, Serag said.
“The modern design of Park Corner’s units and our transparent announcement of our construction schedule confirm our commitment to providing the best leading services in the Egyptian real estate market, which is clear in the master plan that was re-developed to ensure the best standards of living and luxury for Hyde Park’s customers.” Serag said.
He added: “The newly launched phase comes in parallel with our efforts to complete previous phases. We have doubled the number of contractors to speed up the construction process and ensure delivering all phases as scheduled, while upholding our commitment to the highest quality standards in terms of construction and finishing. Guaranteeing customer satisfaction remains at the top of our priorities.”
Featuring Hyde Park’s new residential phases, the first of which is Park Corner, the Egyptian property developer has completed the master plan for its Hyde Park project. The integrated urban project aims to fulfil its homeowners’ specific and diverse needs by delivering an array of exclusive services within its premises, in addition to featuring vast green spaces throughout the project.
Hyde Park’s master plan effectively integrates a wide array of facilities and services that are evenly and conveniently distributed across the project. The development’s main green areas were redistributed to provide more scenic views to more residential units. The project now boasts more recreational spaces, including three clubhouses across three different residential areas, in addition to a private-membership club. Two international schools and a nursery are located within the development premises, serving Hyde Park’s homeowners and residents of the surrounding areas.