The Sumed North Coast Village Housing & Building Cooperative Association is a residential community in the heart of the North Coast. The Housing & Building Cooperative Association is developing the project and offers a range of units, including apartments, twin houses, and townhouses.
The Cooperative Association for Building and Housing is an integral part of the real estate industry in Egypt. The association has implemented one of its most significant projects in the Sumed North Coast Village, where all the necessities of a comfortable life and luxury meet. The village offers round-the-clock security services to ensure the comfort and safety of the residents. The project is in a prime location, close to vital areas and a short distance from service areas.
Overview of Sumed North Coast Village
Location and Accessibility
Sumed North Coast Village is a residential complex on Egypt’s North Coast. The village has a vast area, with most of the space allocated to green spaces and water features such as artificial lakes and fountains, representing 80% of the area. The remaining 20% is for buildings, facilities, and services.
The village is easily accessible through the Alexandria-Matrouh Road. It is approximately 120 km from Alexandria and 12 km from Marsa Matrouh. The village is also close to some of Egypt’s most popular tourist attractions.
Housing & Building Cooperative Association Structure
Governance and Management
The Housing & Building Cooperative Association (HBCA) is a cooperative entity governed by a board of directors. The board sets policies and makes decisions that affect the cooperative. The board is elected by the members of the cooperative and serves for a specified term. It is also responsible for hiring the management team that runs the cooperative’s day-to-day operations.
This team includes a general manager who oversees all aspects of the cooperative’s operations and other staff members who are responsible for specific areas such as finance and marketing.
Membership and Eligibility
Membership in the HBCA is open to individuals and families who meet the eligibility requirements. To become a member, an individual or family must purchase a unit within the cooperative. The cooperative offers a variety of units, including apartments, twin houses, and townhouses.
To be eligible for membership, an individual or family must meet specific requirements, including having a good credit history, being able to afford the unit they wish to purchase, and agreeing to abide by the cooperative’s rules and regulations. The cooperative also requires members to participate in its governance by attending meetings and serving on committees.
Architectural Design and Amenities
Residential Units
Sumed North Coast Village Housing & Building Cooperative Association has apartments, twin houses, and townhouses. The units are designed with a modern architectural style, ensuring maximum comfort and luxury for residents. The apartments are available in different sizes, ranging from one to three bedrooms, and all units come with balconies overlooking the beautiful surroundings. Each unit has high-quality amenities such as air conditioning, central heating, and modern kitchen appliances.
Community Facilities
Sumed North Coast Village Housing & Building Cooperative Association provides a range of community facilities to enhance residents’ living experiences.
The village also offers 24-hour security services, ensuring residents’ safety and security. The community facilities promote social interaction and provide a sense of community among residents.
In addition, the Sumed North Coast Village Housing & Building Cooperative Association is committed to preserving the natural environment. The village is built with sustainable materials and features green spaces and gardens throughout. The town also uses eco-friendly technologies to reduce the community’s environmental impact.
Sustainability Initiatives
Environmental Impact
Sumed North Coast Village Housing & Building Cooperative Association commits to minimizing its environmental impact and promoting sustainability. The developers have taken several measures to ensure that the project is eco-friendly. For instance, they have implemented a comprehensive waste management system that includes recycling and composting. They have also planted trees and other vegetation to reduce the project’s carbon footprint.
Energy Efficiency Programs
Sumed North Coast Village Housing & Building Cooperative Association has implemented several energy efficiency programs to reduce energy consumption and promote sustainability. They have also implemented a program to encourage residents to conserve energy by using energy-efficient appliances and reducing energy consumption during peak hours.
Furthermore, the cooperative association has implemented a program to promote green transportation by providing bicycle parking and using electric vehicles. They have also implemented measures to reduce single-use plastics and encourage recycling.
Investment and Development Opportunities
Sumed North Coast Village Housing & Building Cooperative Association offers an excellent opportunity for investment and development. The association has implemented one of its most significant projects in the heart of the North Coast, where all the necessities of a comfortable life and luxury meet.
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Frequently Asked Questions
How does the Association handle conflict resolution between its members?
The Sumed North Coast Village Housing & Building Cooperative Association has established a dispute resolution process to address member conflicts. The process involves mediation and arbitration and is fair, impartial, and efficient.
What are the current housing options and prices within the Sumed North Coast Village Cooperative?
The Sumed North Coast Village Housing & Building Cooperative Association offers a variety of housing options, including apartments, villas, and townhouses. Prices depend on the size and location of the unit, as well as other factors. Interested parties should contact the Association directly for current pricing information.
Can members participate in the decision-making processes of the Association, and if so, how?
Yes, Sumed North Coast Village Housing & Building Cooperative Association members can participate in the Association’s decision-making processes.
What are the financial obligations of the Sumed North Coast Village Cooperative members?
Members of the Sumed North Coast Village Housing & Building Cooperative Association must purchase a share of the cooperative, representing their ownership interest in the Association. Members are also responsible for paying monthly fees, which cover the cost of maintenance, utilities, and other services.
What amenities and services are at Sumed North Coast Village Cooperative?
Residents of the Sumed North Coast Village Housing & Building Cooperative Association have access to a wide range of amenities and services, including swimming pools, tennis courts, a gym, a clubhouse, and 24-hour security. The Association also provides maintenance and landscaping services and utilities such as water and electricity.
