A source at the Ministry of Housing confirmed that a number of beneficiaries have been notified to extend the dates of payment for those who have not paid. A source at the ministry confirmed that a number of beneficiaries have been notified to extend the dates of payment of the seriousness fee for those who have not paid, in coordination with real estate developers.
The source explained. The source explained that among the projects that have been extended is the Sunset Hills project in Jeddah until Wednesday, the end of October, noting that other projects have been extended for different specific periods.
The source continued. He continued that the ministry, in coordination with real estate developers, has required the occupants in a number of projects to pay a seriousness fee of 1500 riyals in order to complete the financing procedures and ensure access to mortgage financing and home ownership.
It is noteworthy that the seriousness fee paid by the beneficiary to the developer guarantees the beneficiary the reservation of the housing unit, and if the beneficiary cannot agree with a financier, the Ministry of Housing will provide him with another financier.
