«Al Jazeera» – Ali Al-Qahtani:
The Al-Jazeera Real Estate Development Fund confirmed that the self-building program represents more than 40 percent of the amounts paid by the Fund during the current period, which will replace more than 70 percent of the waiting lists.
The supervisor of the real estate fund Khalid Al-Amoudi said that more than 40 percent of the monthly figures issued by the Fund represent self-building, especially in the general self-construction in all regions & # 39; s and provinces of the Kingdom and this helps the Fund related figures during the prescribed period.
Al-Jazirah Mohammed bin Saud Al-Ghazwani, supervisor of the property development sector at the Ministry of Housing, emphasized the need to create and develop smart housing units with sustainable solutions at affordable prices to address the demand gap for cheap housing units adapt to the purchasing power of the beneficiaries and shorten the time spent To build housing units to increase the annual building capacity with which we work, while we rely on the quality of the construction.
The Ministry of Housing and the Real Estate Development Fund has announced the details of the tenth installment of the "Housing Program" for 2018, which aims to allocate 300,000 homes and financing opportunities in all regions of the Kingdom, where the total beneficiaries of citizens during this installment are 34533 citizens who exceed the number of housing options and financing up to the payment The tenth since the launch of "residential" last year more than 533 thousand residential and financial option.
During the press conference yesterday in the presence of Minister of Housing Majid bin Abdullah Al-Haqail, at the Media Center headquarters at the Saudi press agency, the ministry explained the details of the housing options and their geographic distribution.The payment included 8300 mortgage loans, 11705 homes under construction in collaboration with real estate developers. Free houses, plus 2600 to buy a ready-to-use house unit from the market.
According to the tenth term data, 11,705 housing units under construction were allocated in the area of Mecca. The division of the free land by the Ministry was 707 in Riyadh, 3155 in Mecca, 1004 in Medina, 335 in Qassim, 3049 in the eastern province, Tabuk with 213 land, in addition to 2852 in Jazan, 387 in Al Baha and 226 land in Al Jawf area.
The conference revealed the number of beneficiaries of the Real Estate Development Fund in the tenth tranche, which included all regions of the Kingdom, where 2189 loans were allocated in Riyadh, Mecca 1346, Eastern Province 1015, Qasim 724, Medina 706, Asir 609, Najran 311, Tabuk 299, North Frontier 234, Jawf 228, 169 in Jazan and 162 in Baha.
The ministry has achieved its target of 2018 residential options, with a total of 300,000 housing options. The total number of options announced to date amounts to 250,406 housing options representing 83% so far, including 83,000 mortgage loans, 75,342 vacant residential plots, 2,584 prefabricated residential units, 7,902 units under construction and 10,400 purchase units for ready-to-use units.
The General Supervisor of Real Estate Development in the Housing Department, Mohammed bin Saud Al-Ghazwani, said that the Residential program continues its monthly commitment to allocate housing and financing options to registered citizens in the lists of the Ministry and the Fund. .During this episode, more than 34,000 options were allocated, of the number announced in the past month, with the emphasis that it will commit to the goal announced earlier this year and will have access to 300 thousand housing and financing opportunities.
He pointed out that "residential" and in his plans to provide suitable housing opportunities for all beneficiaries this month will start by preparing more than 4000 housing units within the ministry's projects in different regions of the Kingdom, with the emphasis that these units will be available for booking and start delivery in the current quarter of the year current 2018.
Concerning the housing options in cooperation with the private sector, partnerships were held during this tranche with the project developers who can pump 11705 units under construction in the Mecca area, including 9,000 residential units in the private sector, The first phase of development more than 2,000 residential units, with the emphasis that the number of projects announced so far to 60 projects that allow more than 90 thousand housing units under construction in different regions of the Kingdom, while the rates of the bookings around the 45 percent.
The general supervisor of the Real Estate Development Fund, Khalid bin Mohammed Al Amoudi, explained in turn that the Fund continues its efforts to provide the right financing solutions to the beneficiaries on the list. The total number of figures announced since program "Residential" 168 thousand residents of the Fund; They want to offer the right financing option and citizens benefit from the financing solutions of the Real Estate Development Fund in cooperation with banks and financial institutions.