N
nazab
New Member
Sahl Hasheesh Paradise Gardens
Have noticed through the comments of some agents that they consider the attractive prices of Paradise Gardens as an indication of a lower product in comparison to the more expensive projects they are promoting . So I wanted to clarify the following :
1) The developer of Paradise Gardens are the Pyramisa Group which are the developers of several 5 star hotels in Cairo, Luxor, Aswan, Sharm El Sheikh and in Sahl Hasheesh. None of the other developers are hoteliers. So it is not just a residential compound , it is a fully serviced compound with housekeeping services , maintenance services , security, restaurant , bar, shops ..etc.
2) The fact that the resort has been designed with 5 floor buildings on only 18% of the land , brings down the cost of construction per unit in comparison to the competition who consumes more land with 2 or 3 floor buildings, so the developer passes this cost effective benefit to the buyers .
3) The developer of Paradise Gardens has already started construction and is moving very fast as the cost of construction in Egypt goes up every day . So again , with the financial power of the developer to build so fast , he can control the cost and to offer a competitive selling price to the buyers. Other developers are only selling off plan and start construction after they have collected the money from the buyers to finance the construction. So they include in their price the projected increase in the cost of construction during the projected construction period of normally 3 years and adds this cost on their price . So the buyer is being penalised by the fact that the developer doesn't have the financial resources to construct the project until it has been sold first .
3) Another very important point of comparison that is overlooked by the agents and the buyers, they all focus on the price/m2 in each project for comparison , however, they don't really ask what does the area of the unit represent exactly ? Each developer calculates the area of the unit in a different way. Some add 10% to 25% communal areas in the published area of the unit. This always causes disappointment upon completion as the buyer feels that he has been misleaded . In Paradise Gardens, you only pay for the exact area of your unit , no communal areas added on the area of the unit , no hidden surprises.
Just wanted to clarify to the buyers why Paradise Gardens have a better location , better facilities , backed by an experienced and powerful developer, 10 years owner club and still be able to offer the most competitive prices in Sahl Hasheesh.
Have noticed through the comments of some agents that they consider the attractive prices of Paradise Gardens as an indication of a lower product in comparison to the more expensive projects they are promoting . So I wanted to clarify the following :
1) The developer of Paradise Gardens are the Pyramisa Group which are the developers of several 5 star hotels in Cairo, Luxor, Aswan, Sharm El Sheikh and in Sahl Hasheesh. None of the other developers are hoteliers. So it is not just a residential compound , it is a fully serviced compound with housekeeping services , maintenance services , security, restaurant , bar, shops ..etc.
2) The fact that the resort has been designed with 5 floor buildings on only 18% of the land , brings down the cost of construction per unit in comparison to the competition who consumes more land with 2 or 3 floor buildings, so the developer passes this cost effective benefit to the buyers .
3) The developer of Paradise Gardens has already started construction and is moving very fast as the cost of construction in Egypt goes up every day . So again , with the financial power of the developer to build so fast , he can control the cost and to offer a competitive selling price to the buyers. Other developers are only selling off plan and start construction after they have collected the money from the buyers to finance the construction. So they include in their price the projected increase in the cost of construction during the projected construction period of normally 3 years and adds this cost on their price . So the buyer is being penalised by the fact that the developer doesn't have the financial resources to construct the project until it has been sold first .
3) Another very important point of comparison that is overlooked by the agents and the buyers, they all focus on the price/m2 in each project for comparison , however, they don't really ask what does the area of the unit represent exactly ? Each developer calculates the area of the unit in a different way. Some add 10% to 25% communal areas in the published area of the unit. This always causes disappointment upon completion as the buyer feels that he has been misleaded . In Paradise Gardens, you only pay for the exact area of your unit , no communal areas added on the area of the unit , no hidden surprises.
Just wanted to clarify to the buyers why Paradise Gardens have a better location , better facilities , backed by an experienced and powerful developer, 10 years owner club and still be able to offer the most competitive prices in Sahl Hasheesh.
