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The Saudi Housing Ministry revealed that it was seeking to start self-construction during the coming period and confirmed to the local newspaper that the ministry had plans to start working on the self-build program for its beneficiaries. Saif al-Suwailem, spokesman for the Ministry of Housing, told Al-Iqtisadiya that citizens who bought houses on the date of the royal decree on January 5 and are subject to VAT can apply on the tax portal launched by the ministry a few days ago.
The spokesman stressed the need to attach proof of payment of tax and first housing, provided that the price of compensation does not exceed 42,500 rials, or 5% of the value of 850 thousand riyals specified in the Royal Decree.
He explained that the payment of the tax by the department within a maximum period of 30 days from the date of submission and the completion of the application and the issuance of a VAT certificate d & # 39; # 39; State.
The daily reported that while Al-Swailem did not disclose the candidates for the VAT portal, the sources said that the number of registered on the portal rose to three thousand beneficiaries , pointing out that the registration in the portal does not mean the submission The value of the tax is considered a second step that occurs after the registration, indicating that until yesterday, no request for a fee is required. compensation has not been filed for value added tax.
On the sidelines of the announcement of the seventh installment of the "Residential" campaign 2018 Sunday in Riyadh, Mohammed al-Ghazwani said that housing in partnership projects with the private sector in the "residential" program and the prices of about 850 to 900 thousand riyals, Exceeding the price set by the Ministry of 750 thousand riyals, was part of the projects developed on the territory of the private sector, because of the large areas of these units.
The "Ghazawani" that the ministry aims in the near future, residential projects in cities to provide residential units and meet the wishes of beneficiaries, highlighting the presence of four ongoing projects in the city of Riyadh, of which a portion is in the Rimal district like Mr. Annan's housing project.
The Ministry of Housing, represented by "Housing", launched its new housing option, namely "buy a prefabricated housing unit at the market" for people on the waiting lists and not the allocate and For the implementation of the royal order that "the state must carry the value added tax of 850 thousand the value of the first housing" is available to all citizens wishing to own the first home, that they are beneficiaries of the Fund of the Ministry of Housing and Development.
The Ministry and the Real Estate Development Fund continued to announce monthly housing and housing option payments under the Residential Program, with a total of 2,548 housing and financing options, including prefabricated units and under construction. , Free mortgage and land loans supported by the Real Estate Development Fund in partnership with banks and financial institutions, bringing the total announced since January up to this month to 153,991 options.
The Housing Ministry said at the press conference that its new residential option "to buy prefabricated housing on the market" allows beneficiaries on the waiting lists of the Housing Ministry to register their wishes. .
She explains that all registered applications will be processed and verified that their owners will not benefit from an earlier residential option, in addition to granting them the financing terms, with a view to transferring them to banks and financial institutions. to get the subsidized mortgage Launch the self-build option for ministry recipients during the coming period.
These measures are aimed at providing citizens with more options to access adequate housing and commensurate with their potential, which would bring homeownership to 60% by 2020 and 70% to 60%. here 2030, Housing ".
and pointed out that the royal decision to "charge the state's value-added tax of no more than 850 thousand the value of the first housing" has an effective role in lightening citizens and facilitate access to housing, noting that the portal (vat.housing.sa) is available to all citizens who wish to own the first house, that they are beneficiaries of the Ministry of Housing and the Development Fund real estate or others, through which they can issue a certificate of "VAT" in accordance with electronic procedures characterized by clear and easy.
On the details of the residential options of the seventh installment of the "Residential" program, "Al-Ghazawani" indicated that dwellings in this slice specifically targeted Mecca and that the number of housing units varied, indicating that the program " residential "wishes to provide units in all regions. Focus on densely populated areas with a higher demand for housing support.
He adds that all the housing offered by the program is characterized by the quality and diversity of models and designs between 250 and 750 000 riyals, to meet the wishes of different social groups, and residential land distributed over 7 areas with 8548 fields included. In Mecca, 1477 in Asir, 989 in Qassim, 717 in Jazan, 669 in Sharqiya, 500 in Madinah and 125 in Baha.
It emphasizes that the "residential" program continued during the last delivery period of several prefabricated housing units as well as free land for the beneficiaries allocated to them in the previous installments of the "residential" program in various cities and provinces and centers confirming the continuity of deliveries.
He adds that the exhibitions under construction with qualified real estate developers are experiencing an increase in bookings, which indicates that they reached about 43% of the 50,000 housing units rented out during the last period. Beneficiaries to complete their procedures.
Khalid Al Amoudi, General Supervisor of the Real Estate Development Fund, confirmed that this installment of 8300 mortgages included all areas of the Kingdom based on waiting lists, most in Riyadh with 2.190 loans, Mecca with 1,346 loans, 1,014 loans, highlighting the Fund 's interest in providing appropriate solutions to beneficiaries through a range of services and facilities such as "Know Your Role" and service to get the "right". approval to accelerate the issuance of mortgage in case of availability of the beneficiary.
Al-Amoudi said that the real estate fund, through its partnership with banks and financial institutions, wanted to offer all the options to the beneficiaries, that they could obtain the loan to buy prefabricated units or under construction, as well as the Self-construction and financing of the existing loan. This serves all categories of waiting lists and thus helps in accelerating 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.
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