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Saudi launches new 484-unit residential development

October 17, 2020

Saudi Ministry of Housing has announced the launch of Park View, a residential community featuring 484 homes on a 280,000-sq-m area in Al Khobar.

The project, which has a mix of villas and townhouses, is being developed under the Sakani programme of the housing ministry.

The Park View is one of the projects under construction that the ministry is implementing in partnership with the private sector.

The villas and townhouses, which are in the range of 279 sq m to 339 sq m, have been attractively priced starting from SR690,000 ($183,856) onwards. They are also available in easy monthly installments.

Ministry of Housing said the Park View units have been put up for sale online and all legal formalities for buying these units can be done through the Sakani website.

A key attraction for the project is its strategic location in the Aziziyah neighborhood, as it provides green spaces and vital facilities that exceed 54% of the project area and is a competitive advantage within modern designs, in addition to the availability of sites for all commercial, educational and entertainment services within an environment with complete infrastructure, it added.

Saif bin Salem Al-Swailem, a ministry official, said Sakani programme will continue to pump in more projects and deliver housing units to Saudi families as part of its efforts to boost the percentage of Saudi household ownership to 70% in another 10 years in accordance with the objectives of Kingdom's Vision 2030.

Sakani programme aims to serve 300,000 Saudi families this year through its various housing and financing solutions, he added.

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