NHC Achieves Record Sales Over SAR13 Billion In First Half Of 2024

The National Housing Company (NHC) has reported a substantial increase in residential unit sales for the first half of 2024, totalling SAR13.5 billion. This figure represents the sale of over 13,000 units, marking a fourfold rise compared to the same period last year. The surge in sales is part of NHC's ongoing efforts to address the housing needs of citizens throughout various regions of Saudi Arabia.

NHC's recent projects have significantly contributed to achieving Saudi Vision 2030 goals by boosting the homeownership rate to 70%. These initiatives are designed to provide a comprehensive urban environment that enhances residents' quality of life. The company's focus on integrated lifestyle offerings, including residential, social, recreational, and health aspects, has played a crucial role in this growth.

One key factor behind this success is NHC's adoption of sustainable urban planning concepts. The company has increased green space density and ensured easy access to facilities and services through safe pedestrian and cycling paths. Additionally, NHC offers suitable financing options for citizens across all segments, making homeownership more accessible.

NHC's approach involves comprehensive development within its suburbs and communities. This strategy includes creating an integrated lifestyle that encompasses various aspects such as residential, social, recreational, and health facilities in one place. By doing so, NHC aims to enhance the overall living experience for its residents.

As the leading driver of the real estate development sector in Saudi Arabia, NHC is also known for its commitment to quality of life. The company plans to deliver over 300,000 residential units by the end of 2025 across nine suburbs and six residential communities. These developments will cover an area exceeding 100 million square meters and accommodate more than 1.5 million citizens.

Sustainable Construction Materials

NHC is dedicated to providing solutions that ensure high-quality supply chains and more sustainable construction materials. This commitment aligns with their goal of increasing the real estate supply with housing options that meet global standards. By focusing on sustainability, NHC aims to create long-lasting value for its residents and the broader community.

The exceptional growth in sales can be attributed to NHC's launch of numerous housing projects across different regions of Saudi Arabia. These projects have been instrumental in meeting the diverse housing needs of citizens while supporting the broader objectives outlined in Saudi Vision 2030.

In summary, NHC's achievements reflect its dedication to enhancing the quality of life for Saudi citizens through sustainable urban planning and comprehensive development strategies. The company's efforts are poised to continue driving significant progress in the Kingdom's real estate sector.

With inputs from SPA