Housing Minister Majed Al-Hogail revealed that the transition to the second phase of white land fees comes after the results of the first phase have been fully assessed, He added that if the land covered by the first phase is developed, it will help achieve a good balance in the development of large residential units, noting that more than one project to deliver infrastructure and services has been supported through last year’s revenues from white land fees.
On the sidelines of his participation in the Financial Sector Conference, Al-Hogail explained that the first phase of the fees has not yet fully matured, emphasizing that all signs are positive, Al-Hogail noted that the current supply is considered good and that the delivery of residential units is now happening more quickly, which is the objective of the fee program.
It is worth noting that the white land fee system came into effect on the 3rd of Ramadan 1437 AH, corresponding to June 8, 2016.
The Ministry of Housing had previously defined the target geographic scope for the implementation of the first phase of the white land fee system as the cities of Riyadh and Jeddah, the Dammam metropolitan area, and Makkah Al-Mukarramah.
Related Links, News, and Articles
Real Estate – Residential Units – Jeddah Real Estate – Residential Units – Jeddah Real Estate – Residential Units
- Amlak Newspaper Published Issue 172
- “Developmental Housing” signs an agreement with Belt Contracting Company to build 3,130 housing units across 5 projects in 3 regions
- Riyadh Moves to Lead Global Capitals... King Salman Park Project... The world’s largest urban park, covering an area of 13.4
- Hamad Mohammed Al-Mousa Real Estate Investment and Development Company is selling 81% residential units in the Al-Fal project in Jeddah
- “Al-Safou Real Estate Marketing Company Limited” concludes the “Dammam Land” auction with a value of 50 million riyals... and is offering 27 properties today at the Movenpick Hotel in Riyadh
- Adir Real Estate and Adar Real Estate in marketing and organization.. Resounding success for the Aali Makkah project auction, with a 100% sell-through rate
- The Ministry of Housing plans to launch the Housing Renovation Loan Initiative (Renovation) to purchase and maintain old homes
- housing units
- The "SERC 5" Real Estate Conference kicks off tomorrow, Wednesday, and will discuss laying the right foundations for resolving real estate issues.. With Amlak newspaper as a specialized sponsor
- Amlak Newspaper as a participating media sponsor..
- "Wafix 2019" kicks off today in Jeddah, showcasing the most prominent off-plan projects and attracting global expertise
