kingdom’s housing and real estate plans medium, and long ... · medium, and long-term objectives...
TRANSCRIPT
Dr. Meshaal Al-ShammaryHousing vision realization
Vision 2030 – Understanding the Short,Medium, and Long-term Objectives For TheKingdom’s Housing and Real Estate Plans
1. Housing Eco-system and Strategy Execution2. Housing Program Initiatives and Priorities3. Balancing Social Responsibilities and Policies4. Government Financial Support
2
Housing Eco-system andStrategy Execution
Sustainable real estate development & mortgagemarkets through the partnership with privatesector
4
Public entities jointly
work together in
collaboration with
the private sector to
enable ownership for
first home buyers
Sustainable housing eco-system through theimplementation of 4 strategic pillars
5
Enabling access tomortgage market
Offering affordablehousing
EnhancingCostumerjourney
Devolving legislative andregulatory environment
1.Financi
ng
2.Suppl
y
3. Customerjourney
4.Regulatio
ns
Housing Program Initiativesand Priorities
7
Designated entities to ensure the success ofhousing vision
Section title
Section title Section title
Section title
Section title
Section title
Balancing SocialResponsibilities and Policies
9
Creating better housing environment forhouseholds in need
• Enhancing non-profit sector role in low income housing• Develop and implement usufruct legislation
Allow people tocontribute throughmonitory donations
More than SAR 808million donations,that was allocatedto help low-incomefamilies
Or by providing lands,homes, or apartments
Or contribute directly toa specific case tolessen the financialburden upon familiesthat are behind on rent
More than 2800beneficiaries fromJood service
Government Financial Support
11
Enabling access to finance…Securingaffordability
1 2The demand-side(Households)
The supply-side(developers)• Value added tax
• Mortgage subsidies
• Down payment support
• Renovation loans
• Off plan projects
incentives
• Building technology loans
• SME developers fund
