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Ministry Unveils 20,000 Apartment Options
The Ministry of Housing has announced the launch of 20,000 diverse residential units aimed at providing flexible and varied housing options for citizens, especially young people. The units are distributed as follows: 5,000 units under a "lease-to-own" scheme over 20 years through the New Urban Communities Authority, and 15,000 units under a traditional "lease" system supported by the Social Housing Fund to reduce financial burdens on families. The program seeks to ensure fair and transparent distribution through a public lottery and to prevent families from reserving multiple units. It also stipulates that rent should be less than 25% of the beneficiary’s income, with support provided for the remaining amount. The ministry aims to guarantee the quality of the units and expedite their delivery once they are ready, in order to meet beneficiaries’ needs and achieve housing stability.
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