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Citizens can make reservations this month for any of the residential units offered by the National Housing Company (NHC), without having to be eligible for a housing subsidy, NHC said in a statement yesterday. It’s not clear whether this is an exception that will be valid for February 2024 only or NHC has completely scrapped the requirement of having to be eligible for housing subsidies.
The details: The Ministry of Municipal and Rural Affairs’ investment arm will be taking reservations this month for residential units developed by its partner developers in Jeddah and Riyadh. These units vary from villas to town houses, and apartments. There are 12 available projects in Jeddah and two in Riyadh. Buyers can finance their property purchases with front payments or through real estate financing plans.
