Media ININ Economy We Trust
Media In / Riyadh January 15,
The Ministry of Housing and the Saudi Real Estate Development Fund have announced the names of 200 thousand citizens who can benefit from the various options offered by the “Residential” program for the year 2019, which allows ready housing units within the projects of the ministry and units under construction in partnership with real estate developers and free land and subsidized real estate loans to benefit from the purchase And the existing loan financing. This is the first time that “Housing” has announced the names of the beneficiaries during the year in one installment.
This announcement is a continuation of the “Residential” program, which, during the last two years, has provided a variety of housing and financing options that will provide the first home to more than 583,000 citizens in different regions. The infrastructure and sites dedicated to service facilities are characterized by their quality and various models of villas, apartments and Townhouse, modern designs and their appropriate prices ranging from 250 thousand to 750 thousand riyals, and the integration of infrastructure in the free land to be delivered, The first installment of real estate loans to 5%, the VAT on the first housing, along with military mortgages for serviced, and the service of the real estate consultant, which provides a range of real estate and financing recommendations to the beneficiary.
The Ministry aims to accelerate the ownership and reduce the waiting lists through the various options and solutions offered to citizens, pointing out that all of them are available through the portal of the program “residential” sakani.housing.sa according to easy procedures and easy, noting that the regulatory aspect of the housing sector is of paramount importance The framework of ensuring the provision of a balanced and sustainable housing environment, indicating that the regulatory programs streamlining achieved a lot of results to serve the citizens, such as “rent” and “the Union of owners,” “White Land” and “sustainable construction” and “completion” and “Wafi” While his Excellency stressed that security families and the most needy Care and attention through what is provided under the “housing development” program of an effective partnership with the non-profit sector and social responsibility programs in the private sector, which resulted in the delivery of a number of them housing units fit their needs
