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Media In / Agencies / Riyadh 15 July 2018
The Ministry of Housing, represented by the “Housing” program, launched its new housing option, namely, the loan to “buy a ready-made housing unit from the market” for those on waiting lists and was not allocated to them and to benefit from the housing options in advance. “The state carries the value added tax of no more than 850 thousand of the value of the first housing” is available to all citizens who wish to own the first housing whether they are beneficiaries of the Ministry of Housing and the Fund for Real Estate Development or others, while the Ministry of Housing and Development Fund continued to announce monthly payments Of residential and financing options within the residential program, announced today the details of the seventh installment with a total of housing and financing options of 25,048 including ready and under construction housing units in partnership with qualified real estate developers, free land and real estate development subsidized loans in partnership with banks And financial institutions, bringing the total announced since January until this month more than 153,991 option. The Ministry of Housing said during a press conference held in Riyadh today that its new residential option of “buying ready housing from the market” allows beneficiaries who are on the waiting lists at the Ministry of Housing and those interested in using this option to register their wishes through the portal of “Residential “Indicating that all registered applications will be processed and that the owners will not benefit from the allocation of a previous residential option, in addition to matching the financing terms with them, in preparation for transferring them to banks and financial institutions to obtain the subsidized mortgage to buy a ready housing unit The plan is aimed at providing the citizens with more options that will enable them to obtain the appropriate housing that meets their needs and commensurate with their capabilities, increasing the percentage of residential ownership to 60% By 2020 and 70% by 2030 according to the objectives of the “Housing Program”. The Undersecretary of the Ministry of Housing for Real Estate Development Mohammed bin Saud al-Ghazwani said that the housing units of this batch targeted the area of Makkah Al-Mukarramah in particular and the number of 8200 housing units, noting that the program “Residential” is keen to provide units in all areas with a focus on areas of population density and The housing units offered by the program are characterized by their quality and variety of models and designs between the villas and apartments, and prices ranging from 250 thousand to 750 thousand riyals, to meet the wishes of different groups of society, while distributed residential land to 7 areas totaling 8548 land included 4071 land in Mecca, and 1477 in Asir, and 989 in Qassim, and 717 in Jazan, and 669 in the east, and 500 land in Medina, and 125 in the courtyard.
