Includes: project updates and February achievements.
"Sakani" issues its second detailed report during 2019.
The "Sakani" Program of the Ministry of Housing issued its second monthly report this year, which includes the most important achievements of the program for the month of February. It included details of the numbers of families that benefited during the last month starting from the housing options and the funding solutions provided by the program which reached 13.128 families, 7,039 families reside in their homes, where the full report can be found by visiting the program's website or link https://sakani.housing.sa/sakani-reports.
The report pointed out that the total number of families benefiting from the housing options and financing solutions provided by the program was 26,005 families, of which 13,538 families were able to obtain adequate housing, from the beginning of 2019 until the end of February, and the number of households that benefited from the housing options and financing solutions. The project was implemented in 2018 by more than 157,000 families. It also addressed the objectives of "Sakani" in 2019,and facilitated the acquisition of 200 thousand Saudi families through one of the housing and financing solutions provided by "Sakani" from the purchase of ready-made units from the market, units under construction, Conversion of Additional loan to subsidized loan, prefabricated villas, self-build, free residential land, and home finance for military personnel on duty.
According to the report, which was published today on the program website, about 50% of Saudi households preferred to get ready units of the market, as one of the housing options and financing solutions provided by the program, in order to enable the Saudi family to own the first home within the options and facilities provided by partnership with the private sector.
، The report reviewed the follow-up of the implementation of 46 projects distributed in 16 cities around the Kingdom, the rates of achievement and the number of units and booking in each project, in addition to ready-made projects, which amounted to 38 projects with an average price of 350 thousand riyals. Where these projects are witnessing a turnaround reflected in the of rates bookings in them.
In addition, 9 new plots were added in February to provide 5646 lands in four areas. The Ministry of Housing, through "Sakani" program, offers an e-platform to display residential plans in electronic form, allowing the beneficiary to choose the suitable land for him among the 51 residential plans distributed in different regions and cities of the Kingdom, and can be found on the "Sakani" website, and included the new services launched by "Sakani" program, and a number of news related to the real estate sector.
The "Sakani" program has announced the names of 200 thousand citizens who can benefit from the various options offered by the "Sakani 2019" program, which provides ready housing units within the projects of the ministry, units under construction in partnership with developers, free land and home finance (subsidized loans) to benefit from purchasing ready units, self-build of landowners, and financing additional loan, with the aim of accelerating ownership and raising it to 70% by 2030 in line with the "Eskan" program objectives "One of the Saudi Vision2030 Programs", Therefore, reducing waiting lists and providing more suitable housing opportunities for all segments of society in all regions of the Kingdom..