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Regency Heights, Hurghada We are pleased to offer this unique modular development giving investors the opportunity to purchase space and design the interior of the apartments to individual needs or personal taste. With only 120 modules for sale this exclusive hill top development offers a special investment in a booming market. Buyers will have the opportunity to buy multiple units to make larger apartments. Location Located in Hurghada on the Egyptian red sea coast Regency Heights is located on a south facing mountain top minutes from both the old town of Hurghada and new promenade and beach areas with sweeping sea, town and desert views Regency Heights is uniquely placed. Construction Schedule Completion on the project is expected in January 2010. Facilities And Maintenance Regency heights has on site a heated 20 meter cliff top infinity swimming pool with swim to bar, a bistro style restaurants and European delicatessen, all surrounded by landscaped tropical gardens.
As a Regency buyer holiday makers will be allowed use of the other Regency locations which will include a 5* Beach resort outside of Hurghada and within the town facilities featuring roof top terrace, bars, restaurants, swimming pools and gym to name a few. Shuttle buses to all areas will be provided.
The maintenance charge for Regency Heights is 10 euro per meter squared per year.
Payment Terms We have a refundable reservation fee policy which enables you to hold an apartment for up to 28 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first instalment. The reservation fee is only refundable if the client views the property for sale in the development with us within the 28 day period. Only 10% of your reservation fee is retained by us as an administration charge. We will accept verbal reservations which are valid for 72 hours. The refundable reservation fee is £2,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first instalment. After 28 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.
Payment Schedule
- 40% (less reservation fee) upon signing of contract.
- 25% when the roof is completed.
- 25% upon internal rendering works.
- 10% upon development completion.
Alternatively there is a 5% discount for any clients willing to sign up on the following payment schedule:
- 90% (less reservation fee) upon signing of contract.
- 10% upon development completion.
Property Management Property management and commercial space will be managed by the developer. About the Immediate Vicinity Regency Heights is five minutes walk to the beach and 10 minutes from the Sakala district buzzing with shops bars and restaurants, it is the same walk to esplanade mall and the new promenade which has more shopping, bars including the Hard Rock Cafι, and restaurants ranging from Thai to American cuisine.
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