Home Residence Compound New Cairo

Home Residence Compound New Cairo: a finished flat for 130,000 down

Home Residence Compound New Cairo is by Home Town Developments in the Sixth Settlement, on about 23 feddans, mostly greenery and water per the project data. Every unit on offer is fully finished, due October 2030. What sets it apart is that some units need only 2.5% down, a very small deposit for a finished flat.

Home Residence prices: the deposit varies

Per the developer's offers this month:

• The 67 m² one-bedroom, about 4.12 million: 2.5% down (about 103,000) over 8 years.
• The 107 m² two-bedroom, about 5.23 million: 2.5% down (about 131,000) over 8 years.
• The 39 m² studio, about 2.35 million: 10% down over 10 years.
• Three-bedrooms of 138 and 151 m², 7.88 to 7.97 million: 10% down over 10 years.

The two-bedroom is the pick

The finished two-bedroom works out near 48,900 a metre, the cheapest on the list, with only about 131,000 down and some 53,000 a month over 8 years. If you are starting out with a small deposit and steady income, it is one of the easiest routes to a finished flat in the Sixth Settlement. It costs only about 1.11 million more than the one-bedroom for 40 more metres, near 27,800 per added metre, so the one-bedroom makes sense only if the budget cannot stretch. The 151 m² three-bedroom is just 96,000 above the 138 m² one: 13 extra metres for almost nothing.

The studio: the smallest instalment, not the cheapest metre

The 39 m² studio runs near 17,650 a month, the lowest instalment on the list, but its metre is near 60,300, some 11,500 above the two-bedroom's. Its 10% deposit, about 235,000, is more than the two-bedroom's. So the studio suits the smallest possible monthly commitment, not the cheapest metre. Nothing nearby in the Sixth Settlement comes close at that price; the nearest is a Golf Town one-bedroom from 49 m² near 3.33 million.

Home Residence or Najm?

Najm, 500 m away, hands over the same month and its flats are fully finished too, so this is a direct comparison. Najm's cheapest two-bedroom is 115 m² at roughly 5.46 million: 8 m² more for only about 234,000 extra. Its one-bedroom is 75 m² at roughly 3.58 million, giving 8 more metres for about 535,000 less. Its three-bedrooms start at 140 m² and about 8.02 million, very close to here. The real difference is the deposit: Najm asks 10% on the two-bedroom, about 546,000, over 10 years, so near 41,000 a month, against 131,000 down and near 53,100 a month here. With more cash, Najm is lighter each month; with little cash, Home Residence is easier to get into.

Cheaper than Jiwar, Golf Town and Lusail?

• Jiwar (1 km, July 2030): two-bedroom of 101 m² at 5.96 million (59,000 a metre), three-bedroom of 138 m² at 6.78 million, but semi-finished per the project data.
• Golf Town (900 m, September 2029): two-bedrooms from 115 m² and 6.58 million, three-bedrooms from 133 m² and 8.12 million, finishing not stated.
• Lusail Residence (800 m, September 2030): two-bedrooms from 92 m² and 5.85 million, three-bedrooms from 174 m² and 10.75 million, fully finished.
• Glen (600 m, Home Residence's own date): a 130 m² two-bedroom near 8.3 million, also on 2.5% down but over 10 years.

So Jiwar's three-bedroom is about 1.1 million below here for the same 138 m², but semi-finished, so add finishing before celebrating that gap. Lusail's two-bedroom has 15 m² less than this one and costs about 620,000 more, with 15% down. Golf Town hands over a year before Home Residence, but its two-bedroom is about 1.35 million dearer. El Patio Riva, 1.3 km off, is clearly dearer: two-bedrooms from 125 m² and 8.7 million. Home Residence is among the cheapest finished flats in this area, with the smallest deposit. For the ceiling, Crescent Walk, 1.6 km away, starts its one-bedrooms at 89 m² near 8.46 million, a metre of about 95,100, nearly double the two-bedroom here.

Three bedrooms or four?

If the family needs a fourth room, Jiwar sells a 171 m² four-bedroom near 9.37 million, about 1.4 million above the largest three-bedroom here for 20 more metres and a room, but semi-finished. Najm has a large 285 m² four-bedroom near 15.14 million. By the month, Home Residence's three-bedroom over 10 years is near 59,100, Golf Town's over 8 years near 80,400, Jiwar's near 63,500 and Lusail's near 100,800, so the lightest three-bedroom instalment on the list is here, thanks to the longer term. Going larger, Glen's 160 m² three-bedroom is near 10.72 million and El Patio Riva's start at 156 m² and 12.08 million, over 2.7 million above the largest here for just 5 to 9 extra metres.

Home Residence New Cairo payment plans

The one-bedroom runs near 41,800 a month and the two-bedroom near 53,100, over 8 years; the studio near 17,650 and the three-bedroom near 59,100, over 10. Handover is about four years off, so you take the two-bedroom with near 52% paid, about 2.71 million, and four years left. The three-bedroom you take with near 46% paid, about 3.65 million, and some six years left. The small deposit on the two-bedroom is made up by a higher instalment before handover, so make sure your income carries the 53,000 from the first month. The one-bedroom works the same way: about 2.13 million paid by the keys. The studio will have about 1.09 million paid, and if you let it, the rent must cover some 17,650 a month to pay its instalment alone.

What to ask Home Town

• Is the 2.5% deposit a time-limited offer or fixed, and are there conditions such as a large handover payment?
• The finishing specification in writing: floors, bathrooms, kitchen and air conditioning, so you can set it against Najm's and Lusail's.
• Which phase the flat is in, and where it sits relative to the greenery and parking.

Per the project description, flats here range from 55 to 227 m² and there are duplexes, but far less is on offer now, so if you want a particular size, ask when it will be released, and whether on the same small deposit or a different plan.

Location and services

Per the project data, the South 90th Street extension is about two minutes away, the Middle Ring Road 4, the Sokhna road 6, the American University 8, Suez Road 9 and the airport about 25. There is a clubhouse, padel courts, water features and fountains, children's areas, pools, walking and running paths, surface and underground parking, plus security.

Home Town

Home Town also has Zaha Park, La Fayette Village, Canyon8 and Udora Mall in the Capital.

Want to know if two-bedrooms at 2.5% down are still available? Message Masharf's WhatsApp.