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MediaIn / Agencies / Riyadh / March 8, 2018
The Ministry of Housing, represented by the program “Residential” on Thursday, the start of the procedures for the arrest and inspection of citizens benefiting from housing support in eight new projects in six areas, including 5 exhibitions for residential units under construction (selling on the map) and 3 projects for residential units ready of type Villas.
The Ministry said in a press statement that within the target of the program “Residential” to allocate 300 thousand residential and financial products will be pumped more housing units to citizens to satisfy their desires and provide the appropriate housing options for them, noting that the projects under construction (sales on the map) The announcement today includes 3824 units of the type of apartment in Hofuf, in addition to 1000 villas in Al Khobar, 1500 villas in Al Jouf city, 656 apartments in Yanbu in Al Madinah Al Munawwarah, 434 villas in Riyadh city. Each project is characterized by multiple designs, , In addition to high quality and rates To the appropriate price for the financial capabilities of the beneficiaries ranging from 250 thousand to 700 thousand riyals.
On the projects of prefabricated housing units, the ministry revealed that the phase of booking and inspection of three projects comprising 1015 units of villa type ready for delivery has been completed. The project includes a total of 501 villas in Riyadh, as well as 254 villas in Arar and 260 villas in Al Kharma Al Mukarramah.
“These projects will be complete infrastructure of road networks, lighting, electricity, water, telecommunications, sanitation, health and education services, green spaces and gardens, mosques, schools, playgrounds, family entertainment platforms and all modern services and life,” she said. This is to promote commitment of developers to the latest international quality standards in construction and the latest specifications of the construction, in addition to a set of guarantees to be provided to the owner (beneficiary). In addition, the engineering design has taken into account the factors and social dimensions that focus on the specificity of each housing unit.
The Ministry of Housing recently announced the launch of the second phase of the program “Residential 2018”, which includes the allocation of 300 thousand residential and financial products, including 125 thousand housing units in partnership with the private sector and 75 thousand residential land developed without payment, in addition to 100 thousand subsidized funding In the partnership between the Fund for Real Estate Development and banks and financial institutions, and allocated during the first and second installments of this year about 40 thousand residential and financial products, and the ministry during the first phase of the program “residential” announced the completion of reservations of many exhibitions in various cities of the Kingdom, And the port of desalination in the province Dah, Dammam, Khamis Mushayt and Abha, Rabigh and two projects in the province, and other projects in the city of Al-Ahsa, in addition to the ready-made projects in villas Beach, Khobar, Extruded and spears, and Samtah lock, and Qunfudah.
