According to Majid Al Haqeel, Minister of Municipalities and Housing, during the Government Conference, the date of announcing the names of land recipients through the real estate balance platform According to Majid Al-Hogail, Minister of Municipalities and Housing, during the government conference, the announcement of the names of land beneficiaries through the real estate balance platform will be in November, explaining that about 40% of white land owners have registered their lands.
The Minister of Municipalities and Housing stressed the importance of the real estate market in the Kingdom. The Minister of Municipalities and Housing stressed that the real estate projects being implemented within the Kingdom's cities are in line with the Kingdom's Vision 2030, and are part of the ministry's efforts to enhance the housing supply and meet the growing demand, as more than 117 projects have been implemented that have contributed to providing 88,000 housing units in the Kingdom.
More than 117 projects have been implemented that have contributed to providing 88,000 housing units in the Kingdom. On the impact of lifting the moratorium on lands north of Riyadh, Majid Al-Hogail, Minister of Municipalities and Housing, stressed that this decision would reshape the urban fabric of the city, rebalance the real estate sector and achieve quality of life.
Majid Al Haqeel, Minister of Municipalities and Housing, announced that the Ministry of Municipalities and Housing is working to launch a “Build to Rent” program to inject new units over the next two years to ensure that the cost of housing does not exceed 30% of their income.
The government conference attended by the Minister of Municipalities and Housing brought good news for lower-income citizens.
