9months 2010 Investors' Presentation - Palm Hills Developments
9months 2010 Investors' Presentation - Palm Hills Developments
9months 2010 Investors' Presentation - Palm Hills Developments
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COMPETITIVE ADVANTAGES<br />
Strong market fundamentals<br />
Fundamentals remain strong across all real estate sectors<br />
Residential Market<br />
�Huge pent-up demand: 12-16 million inhabitants in Cairo; Middle range segment is 35-40% of demand<br />
�Favorable demographics: Half of the population is below age 25<br />
�Real demand: 600,000 marriages annually<br />
�Still cash driven: Mortgages represent only 0.4% of GDP<br />
�No significant price decline witnessed in the primary market in 2009<br />
�Increased availability of liquidity to Egypt’s growing consumer population<br />
Office Market<br />
�Business parks are very scarce<br />
�Significant shortage of Grade A office space<br />
�No new projects before 2013<br />
� 80% of office spaces within residential buildings<br />
Robust Egyptian Real Estate Market<br />
Retail Market<br />
� Retail per capita is lower than most peer countries<br />
(0.05 m² per capita)<br />
� World-class shopping malls are non-existent<br />
� Retail expenditure is 15% of family budgets<br />
� Increased urbanization will foster retail spending<br />
� A significant opportunity to develop hypermarkets<br />
Investors’ <strong>Presentation</strong> | November <strong>2010</strong><br />
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