"Housing" is launching the "self-building" option for beneficiaries within 3 months

When the Housing Ministry revealed its willingness to launch self-construction during the coming period, Al-Iqtisadiya learned that the ministry would start working on the self-build program. To obtain financing for its construction.
Saif al-Suwailem, spokesman for the Ministry of Housing, said that citizens who bought homes from the date of the Royal Decree on January 5, On the portal of fiscal responsibility The Ministry stressed the need to attach proof of payment of the value of the tax and the first act of housing, provided that the price of compensation does not exceed 42.5 thousand, or 5% of the value of 850 thousand riyals specified in the Royal Decree. He stated that the payment of the tax by the Ministry within a maximum period of 30 days from the date of submission and completion of the application and the issuance of a VAT certificate d & # 39; State. The number of registered on the portal rose to three thousand beneficiaries, pointing out that registration In the portal does not mean submission, as the presentation of tax compensation is a second step that comes after the registration, indicating that until yesterday, no claim for compensation for VAT.
For its part, says Mohammed al-Ghazwani, undersecretary of the ministry of the margin of the seventh installment of the campaign "Residential" 2018 yesterday in Riyadh, that housing units in partnership projects with the private sector in the "residential" program and prices of about 850 to 900 thousand riyals, exceeded the price set by the Ministry of 750 thousand riyals, came under the projects developed on the territory of the private sector, because of large Hill areas He said the ministry will target in the near future residential projects in the cities to provide residential units and fulfill the desires of beneficiaries.It pointed out that there are currently four projects in the city of Riyadh.
The Ministry of Housing, represented by the "Housing" program, has launched its new housing option, namely the loan "to buy a housing loan from the market" for those who are on the lists. ;waiting. The application of the royal order to "support for the state of the added value of the first housing" is available to all citizens who wish to own the first housing that they are beneficiaries of the ministry Housing and Real Estate Development Fund or others.
The Ministry of Housing and Development Fund continued to announce monthly payments Housing and financing options in the residential program, announced yesterday the details of the seventh installment of a total of 39, housing options and financing up to 25048, including housing units under construction and in partnership with qualified developers, free land, To develop real estate in partnership with banks and financial institutions , bringing the total of what has been announced since January this month on option 153991.
The Housing Ministry at the press conference held in Riyadh yesterday, "The purchase of condominium housing on the market "allows beneficiaries enrolled on the Housing Ministry's waiting lists who wish to take advantage of this option to register their wishes via the Residential Portal.
All registered applications will be processed and verified Owners benefit from the award of an option They prepare their transfer to banks and financial institutions to obtain the subsidized mortgage in order to buy a housing unit lends the market, while completing the work launching the self-build option for ministry beneficiaries during the coming period.
Are designed to provide citizens with more options to obtain adequate housing that meets their needs and commensurate with their potential, increasing the proportion of residential property to 60% by 2020 and 70% by 2030 according to the objectives of the Housing Program. The ministry confirmed that the decision Malki al-Qadi said that "the state carries the value added tax of 850 thousand the value of the first housing" has an effective role in the relief of citizens and facilitate access to housing, noting that the portal (vat.housing.sa) is available to all the first housing, that they are beneficiaries of the Ministry of Housing and Development Fund or others , can issue a certificate of "VAT" according to electronic procedures characterized by clear and easy.
On the details of the housing options of the seventh installment of the program "Ghazwani Under-Secretary of the Ministry of Housing Development The dwellings in this lot specifically targeted the area of ​​Mecca and the number of 8200 housing units varied, indicating that the "residential" program wishes to provide units in all regions with a focus on densely populated areas, which are experiencing a higher demand for housing support
and emphasized that all housing provided by the program is characterized by by the quality and diversity of models and designs between villas and apartments, between 250,000 and 750,000 riyals, to meet the wishes of different social groups 4071 lands in Mecca and 1477 A Asir, 989 in Qassim, 717 in Jazan, 669 in Sharqiya, 500 in Madinah and 125 in Baha
Al-Ghazwani pointed out that the "Housing" program continued during the last period e to hand over a number of prefabricated housing units, which has been allocated to them in previous installments of the "residential" program in various cities and provinces, highlighting the continuity of deliveries in the coming period.
He said that the construction exhibition projects with qualified developers of the company has reached up to now about 43 percent for more than 50 percent A number of projects in the world. Residential units have been set aside during the past period, and other exhibitions are being launched to invite beneficiaries to complete their procedures.
Khalid Al Amoudi, General Supervisor of the Real Estate Development Fund, confirmed that this installment of 8300 mortgages Most parts of the kingdom are based on waiting lists, 2190 in Riyadh, 1300 in Makkah and 1014 in East Bank. Get a bit of approval The real estate fund, through its partnership with banks and financial institutions, is eager to provide all options to beneficiaries because they can get the loan to buy prefabricated housing units or Who are under construction, as well as self-build as well as existing loan financing, in order to serve all groups of waiting lists and thus help speed up their use of loans. At the end of the conference, the Ministry of Housing signed an agreement with King Abdullah Economic City to implement eight thousand homes for beneficiaries of the "Residential" program.