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Contribute to the increase in the real estate supply and the limitation of monopolistic practices
The Ministry of Housing's White Land Lottery Program has continued land liberalization and the reduction of monopolistic land practices in urban areas, announcing the completion of the development of 345,685,000 square meters of undeveloped land. in Jeddah and should provide after the completion of some 670 plots.
The program explained that fees are not applied when the landscaping is completed by adopting the plan or constructing it within one year from the date of issuance. the "payment order" to stimulate development and increase the supply of developed land and reduce monopolistic practices. That there is a lot of land subject to the rights developed during the last period.
He added: "The application of the royalties still achieves its objectives through the interaction of the owners of land redevelopment or partnership with the Ministry of Housing to create projects providing housing to citizens, and a part of the income imposed during the last period was devoted to the development of infrastructure in several housing projects in the different regions of the Kingdom, as provided for in the regulations of the program "White Earth".
This is part of the program's goal of ending monopolistic practices on the ground and contributing to the development of a balanced real estate market. The current phase concerns undeveloped land, a area of 10,000 square meters and over, within the limits declared at the launch of the program.
The "White Land" program is one of the Ministry of Housing's programs announced in 2016 and implemented in the first phase in Riyadh, Jeddah and in the capital, Dammam and Mecca. The third session of the program began Friday in Riyadh, Jeddah, until 22/7/1440 H. You will find all the details of the courses on the cities that are part of the system by visiting https: // lands. housing.sa/ar.
Development of undeveloped land subject to royalties covering an area of 345,000 square meters in the urban area of Jeddah
Abdullah Al Barqawi
previously
2019-03-10
The Ministry of Housing's White Land Lottery Program has continued land liberalization and the reduction of monopolistic land practices in urban areas, announcing the completion of the development of 345,685,000 square meters of undeveloped land. in Jeddah and should provide after the completion of some 670 plots.
The program explained that fees are not applied when the landscaping is completed by adopting the plan or constructing it within one year from the date of issuance. the "payment order" to stimulate development and increase the supply of developed land and reduce monopolistic practices. That there is a lot of land subject to the rights developed during the last period.
He added: "The application of the royalties still achieves its objectives through the interaction of the owners of land redevelopment or partnership with the Ministry of Housing to create projects providing housing to citizens, and a part of the income imposed during the last period was devoted to the development of infrastructure in several housing projects in the different regions of the Kingdom, as provided for in the regulations of the program "White Earth".
This is part of the program's goal of ending monopolistic practices on the ground and contributing to the development of a balanced real estate market. The current phase concerns undeveloped land, a area of 10,000 square meters and over, within the limits declared at the launch of the program.
The "White Land" program is one of the Ministry of Housing's programs announced in 2016 and implemented in the first phase in Riyadh, Jeddah and in the capital, Dammam and Mecca. The third session of the program began Friday in Riyadh, Jeddah, until 22/7/1440 H. You will find all the details of the courses on the cities that are part of the system by visiting https: // lands. housing.sa/ar.
March 10, 2019 – 3 Rajab 1440
The time now is 03:06 PM
Contribute to the increase in the real estate supply and the limitation of monopolistic practices
The Ministry of Housing's White Land Lottery Program has continued land liberalization and the reduction of monopolistic land practices in urban areas, announcing the completion of the development of 345,685,000 square meters of undeveloped land. in Jeddah and should provide after the completion of some 670 plots.
The program explained that fees are not applied when the landscaping is completed by adopting the plan or constructing it within one year from the date of issuance. the "payment order" to stimulate development and increase the supply of developed land and reduce monopolistic practices. That there is a lot of land subject to the rights developed during the last period.
He added: "The application of the royalties still achieves its objectives through the interaction of the owners of land redevelopment or partnership with the Ministry of Housing to create projects providing housing to citizens, and a part of the income imposed during the last period was devoted to the development of infrastructure in several housing projects in the different regions of the Kingdom, as provided for in the regulations of the program "White Earth".
This is part of the program's goal of ending monopolistic practices on the ground and contributing to the development of a balanced real estate market. The current phase concerns undeveloped land, a area of 10,000 square meters and over, within the limits declared at the launch of the program.
The "White Land" program is one of the Ministry of Housing's programs announced in 2016 and implemented in the first phase in Riyadh, Jeddah and in the capital, Dammam and Mecca. The third session of the program began Friday in Riyadh, Jeddah, until 22/7/1440 H. You will find full details of the courses related to the cities that are part of the system by visiting the website https: // lands .housing.sa / ar.
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