The Saudi Arabia Ministry of Housing’s ‘Sakani’ programme has added seven new housing plans within its electronic portal and smartphone applications, according to the state-run Saudi Press Agency.
The seven plans, which can be electronically selected, include 2,337 plots of land distributed over six regions.
The plots of land include 722 disbursed in the Sabya Governorate of the Jazan region; 240 residential lands in the Al-Aflaj Governorate; and 385 pieces of land in the Al-Olaya Village in the eastern region; among others.
The delivery of land falls within the housing options and financing solutions that the Sakani programme offers to its beneficiaries in all regions of the kingdom.
Saudi Arabia’s Ministry of Housing aims to increase residential ownership among its citizens to 70% by 2030. More than 57 housing projects at various stages of construction are being developed in various regions of the kingdom.
The programme provides Saudi nationals with access to residential plots, self-construction residential housing, prefabricated housing units, and under construction housing units, among other options.
The digital platforms provide details of the location, features, and prices of the residential units available for immediate and electronic reservation
The programme also offers Saudi citizens who own land the possibility of obtaining a 100% profit-backed real estate loan to build their own homes. It enables Saudi citizens to receive building permits within six months, start constructing within a year, and complete construction of their homes within three years.
In 2019, the Sakani programme delivered approximately 90,000 pieces of land in various regions of the kingdom. The programme also aims to deliver more than 90,000 units of residential lands during 2020, as well.
This information has been sourced from ConstructionWeekOnline. All rights and opinions thereof belong to the original source author/publisher. WASEL&WASEL does not purport to be affiliated with the news, its persons, or interests in any way unless explicitly stated so.
To request our assistance, please contact one of our Professionals.