| Kippreport.com

Field of dreams

March 28, 2011 4:38 by Precious de Leon

Thus, the market niche for private developers is primarily in mid-scale developments targeting the middle income housing bracket (SR650,000 – 800,000). Due to the unique family dynamics and larger space requirements of citizens, the target purchase price is approximately SR200 – 250 per square foot, which is best achieved through the economies of scale realised in mid- to large-scale developments.

While the residential market is supported through the stimulus package and infrastructure investment, delivering homes to citizens and achieving social objectives will require innovative acquisition structures. Although off-plan sales have started, the mortgage law remains a critical factor in expanding homeownership among citizens.

Pages: 1 2 3 4 5 6

Tags: baseball, Construction, field of dreams, gcc, government, infrastructure, Kevin Costner, Kingdom, mike myers, private, property, public, Real estate, Saudi, Saudi Arabia, spending, wayne’s world