Castle Development announced the launch of Springfield compound, the third phase of Castle Landmark at the New Administrative Capital.
Springfield is developed in partnership with Misr for Central Clearing, Depository, and Registry (MCDR), on an area of 6 feddan. offers a total of 238 unfinished units, with spaces ranging between 120 and 285 sqm, to be delivered by 2022.
This phase will see an investment of EGP 450m, as well as special payment plans up to eight years.
Ahmed Mansour, CEO of Castle Development, said, “Apart from the variety of payment options, prices at Springfield range between 10,000 – 11,700 per sqm. Around 30% of our targeted customers make a purchase depending on unit prices. This phase offers less costly homes that align with customer priorities while providing access to the compound’s facilities and amenities.”
Castle Landmark, ideally located at the R7 site, covers a total land area of 43 feddan. The project’s convenient design incorporates barrier-free, fully equipped solutions installed in its infrastructure, allowing for trouble-free and practical movement. Adding to its unique value proposition, Castle Development contracted MIG, one of its sister companies, to carry out construction work for Castle Landmark, while Egyptian-German Oekoplan Engineering Consultations, was chosen to do the landscaping. Moreover, a partnership with international insurance company, MetLife Alico was established to provide a two-year insurance to all units.