The Sakani program issued 558,367 certificates to bear the real estate transaction tax for the first home from the beginning of the program until September 2021, according to the monthly report of the “Sakani” program, which reviews the developments of the housing sector in terms of the number of Saudi families benefiting from the program, updates on projects being implemented in partnership with the private sector, and the electronic services provided by the “Sakani” website and application.
The report showed the growth in the number of Saudi families benefiting from the housing options and financing solutions provided by “Sakani” during the current year 2021, with the number of families benefiting from the program reaching 160,304 families by the end of September, between benefiting from the subsidized mortgage loan to purchase ready and under-construction housing units or self-build for those who own land and benefiting from the land of “Sakani” schemes, of which 132,285 families have moved into their homes. The full report can be viewed at the link https://sakani.housing.sa/sakani-reports.
The “Sakani” report included details of construction updates in the projects under construction that were started in partnership with real estate developers from the private sector in all regions and cities of the Kingdom, which amounted to 82 projects within 106 projects that provide more than 146,000 diverse housing units between apartments, villas and townhouses with average prices of 700,000 riyals within an integrated residential environment and quality of construction, with the aim of enhancing the quality of life of Saudi families and increasing the rate of homeownership to 70% by 2030 in accordance with the objectives of the Housing Program - one of the programs of the Kingdom’s Vision 2030.
The report also reviewed updates to the residential schemes that are embraced by the cities and governorates of the Kingdom, which amounted to 223 residential schemes providing 180,000 residential plots. The report also showed the total number of certificates for bearing the real estate transaction tax for the first home since the beginning of the program until the end of last September amounted to 558,367 certificates.
The report highlighted the electronic services provided by the “Sakani” application and website, which are available easily and conveniently around the clock, starting from registration and immediate eligibility, reviewing the various housing and financing options in partnership with 18 financing entities, instant booking of units and lands, issuing price offers, issuing land contracts electronically, benefiting from the real estate advisor service, learning about the “real estate market” service options, choosing model designs for self-build beneficiaries, issuing building permits electronically, electronic transfer of housing support between spouses, and other services.
“Sakani” issued more than half a million certificates of real estate transactions until September
