Pumping 20 housing units - Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail confirmed that Off-plan sale It has contributed significantly to regulating the real estate market, noting that the ministry aims to inject 20 units during the current year. residential unit At prices less than 450 riyals, in addition to planning, in cooperation with the private sector, to provide an additional 140 units at average prices not exceeding 850 riyals in major cities.
Government efforts to boost housing supply
This comes as part of government efforts to boost housing supply and achieve the goals of Saudi Vision 2030 by enabling Saudi families to own homes and providing a variety of options to suit different segments.
More than 248 housing units are offered for sale off-plan.
The Sakani Program recently announced that the real estate supply in the market exceeded 248 residential units for sale off-plan, explaining that more than 580 reservations had been registered for projects of various designs, areas, and services, distributed across 623 residential projects across various regions of the Kingdom.
Al-Haqil emphasized that these indicators reflect the strength of the partnership between the Ministry and the private sector, and contribute to providing balanced housing solutions in terms of quality and price, enhancing the stability of the real estate market and keeping pace with citizens' aspirations.
