Housing Ministry announces legislation amendments to allow for smoother launch of sale of projects
The Ministry of Housing has announced that its inventory of land totals 100 million sqm of raw land, 74,000 sqm of developed land, and 470,000 under development. The Ministry has also announced that it plans to adopt a number of legislation amendments to allow for smoother launch of sale of projects for real estate developers, whereby the completion of land ownership documents would not be a requirement for the launch of project sales. Requirements would be limited to valid land contract and construction permits. (Argaam)
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