The housing units announced by the “Residential” program during the last six batches of 2018 have exceeded 46 thousand housing units (villas and apartments) ready and under construction in partnership with real estate developers, with prices ranging from 250 to 750 thousand riyals.
The Ministry of Housing said that these housing units come among the 125 thousand various units that the “Residential” program aims to allocate this year to beneficiaries according to their desires entered in the housing support portal “Housing”. The Ministry of Housing said that these housing units come among 125,000 various units that the “Residential” program aims to allocate during the current year to beneficiaries according to their desires entered in the housing support portal “Iskan”, in addition to other housing and financing options allocated by the program monthly, which include free land grants and subsidized mortgage loans.
Ministry of Housing said that these housing units come among the 125,000 various units that the program aims to allocate during the current year to beneficiaries according to their desires entered in the housing support portal.
She explained that the housing units that have been allocated until the sixth installment, which was announced recently, represent about 36% of the total housing options provided by the program.
The ministry pointed out that the housing units that have been allocated until the sixth installment and announced recently. The Ministry indicated that it has signed several partnerships with a group of qualified real estate developers to implement housing projects in different regions of the Kingdom on the Ministry's lands as well as on private sector lands, in an effort to raise the rates of residential ownership and provide citizens with a variety of housing options characterized by quality and affordable price.
Ministry of Housing and Urban Development calls for the allocation of housing units up to the sixth installment, which was recently announced, representing about 36 percent of the total housing options of the program. Every month, the “Residential” program invites beneficiaries who have been allocated to them to visit the exhibitions of projects, whether ready or under construction "off-plan sale" to inspect the offered housing units and book them, as reservations have been completed in many of them, while some have exceeded 60 percent of the reservations, and it is expected during the current month to launch more housing exhibitions for beneficiaries.
More housing exhibitions are expected to be launched in front of the beneficiaries. She stressed that the "Residential" program was keen to focus on the most dense cities and the highest demand for housing options according to the housing support portal.
The Makkah region came as the most regions in terms of allocating housing units during the past six months with a percentage of 42 percent, with a total of 18,324 housing units, followed by the Riyadh region 35 percent with 15,388 housing units, and the rest of the housing units were distributed to the regions of Sharqiya, Qassim, Jizan and Hail.
The rest of the housing units were distributed to the regions of Sharqiya, Qassim, Jizan and Hail.
