Empire State Developments  announced that this strategy represents a key pillar in its relationship with customers. Consequently, it reflects a commitment to clients and stability in the real estate sector.

Under the new policy, the company will refrain from imposing any additional price increases on existing contracted clients. Moreover, no new hikes are expected for new customers at this time.

Mostafa Mohsen, Chairman of Empire State Developments, stated that the strategy aims to prevent sudden price shocks. Therefore, it safeguards all agreements with the company’s clients.

He added that the company is keen on supporting the stability of the real estate market. In addition, Mohsen emphasized that this approach reflects a long-term vision beyond short-term profits.

Furthermore, Empire State has developed an innovative system aligned with customer needs. At the same time, it considers global and local changes that may affect clients’ purchasing decisions.

Mohsen noted that the “price protection” concept reflects both moral and financial commitments. Indeed, it is not merely a marketing tactic.

In projects where a large share of units has already been sold, the company absorbs a significant portion of ongoing increases in raw material and construction costs.

He explained that a credible real estate developer must possess strong technical and financial capacity. Consequently, Empire State restructures construction costs using innovative engineering solutions.

This ensures that all contractual obligations to buyers are met without transferring extra costs caused by material price fluctuations, such as steel and cement.

Moreover, maintaining the agreed contract price amid inflation serves as the best safeguard for protecting clients’ wealth. Additionally, it maximizes long-term investment returns.

The company’s approach also relies on professional crisis management. For instance, it includes proactive agreements with suppliers and enhanced operational efficiency on project sites.

As a result, the strategy establishes robust safety margins. Consequently, the company can absorb fluctuations in exchange rates and the cost of imported materials.

This approach also reinforces buyer confidence in the real estate market and strengthens trust in the Empire State brand.

Mohsen indicated that Egypt’s real estate sector is undergoing a transitional phase. Therefore, developers must cooperate to adopt flexible policies that prevent price bubbles and sharp fluctuations.

He affirmed that Empire State will continue providing practical solutions to sustain buying and selling activity in the market.

“Adhering to delivery schedules and upholding the highest technical standards is a pledge the company will never compromise,” Mohsen said. Additionally, the concept of price protection ensures a steady flow of foreign and local investment.

Finally, he concluded that Empire State always prioritizes the buyer’s interests. Moreover, the company treats clients as true partners and develops innovative financial and engineering tools to protect real estate assets.

As a result, the strategy helps maintain market stability and supports long-term growth, ensuring that clients’ investment aspirations are fully met.