"Residential" publishes its second detailed report in 2019

Includes project updates and February accomplishments

The housing program of the Ministry of Housing released its second monthly report this year, outlining the key achievements of the program in February, including the number of families who have benefited in the last month from housing options and financing solutions proposed by the Ministry of Housing. the program, which affected 13,128 families. For the full housing report, see the program website or https://sakani.housing.sa/sakani-reports.

The report pointed out that the total number of households benefiting from the housing options and financing solutions provided by the program amounted to 26,005 families, of whom 13,538 were able to obtain housing, from the beginning of 2019 to the end of February, and the number of households that have benefited from housing options and financing solutions The project was implemented by more than 157,000 families in 2018. It also addressed the "Residential" objectives in 2019 and facilitated the development of housing. acquisition of 200,000 Saudi households through a housing and financing solution offered by Sakani, resulting from the purchase of ready-to-use units of the market, units under construction, for support, the villas of the Ministry Shaking, self-construction, free residential land and housing loans for military personnel in office.

According to the report published today on the program's website, about 50% of Saudi households have preferred to prepare for market units, one of the housing options and funding solutions proposed by the program , to allow the Saudi family to own the first housing among the options and facilities provided by the partnership. With the private sector.

The report examined the follow-up of the implementation of 46 projects in 16 cities of the Kingdom, completion rates and the number of units and reservations in each project, in addition to the finished projects, which represented 38 projects from an average price of 350 000 riyals.

In addition, 9 new parcels were added in February to provide 5646 parcels in four zones. The Ministry of Housing, under the "Residential" program, provides an electronic platform to display residential plans in electronic form, allowing the beneficiary to choose. Of the 51 residential lots that are suitable, it is visible on the "Residential" site and includes new services launched by "Residential", as well as several news related to the real estate sector.

"Residential" has announced the names of 200,000 citizens who can benefit from the various options offered by the "Residential 2019" program, which offers ready-to-use housing for ministry projects and housing under construction in partnership with developers, as well as free land and subsidized real estate loans to benefit from the purchase. Land units, landlord self-construction and existing debt financing, with the aim of increasing ownership and bringing it to 70% by 2030 in line with the housing program's objectives "One of the Kingdom's vision programs to 2030 horizon, to reduce waiting lists and to increase housing opportunities for different segments of society in all regions of the Kingdom.