Wahala don burst for Saudi Arabia my people! Dem don bring new land tax wey fit dash landowners serious fines if dem no develop their land. I dey talk about up to 100% of the land value o! This one na big move wey go fit tackle land hoarding and help people wey dey find house.

As we dey yarn, na ‘white land’ dey catch fire for dem policy. This white land na vacant plots wey dey sit down for urban areas, ready for construction but people dey hold am like say na gold. E don dey cause crisis for housing since everybody dey push price up, make am no fit reach common man pocket. No be today we don dey hear this story; White land tax don dey since 2016, but dem no dey enforce am well before.

But now, everything don change! Dem don revise am well well. You no go fit carry land sit down chop am for your house. If you fail to develop your land within time, dem go tap your account with fine wey fit reach 100% of wetin the land dey worth. Wahala be that! E mean say, dem reason this thing serious because housing dey hot this time for big cities like Riyadh and Jeddah.

Why Saudi Arabia dey rush this reform now? Because housing don become serious gbege! Na rapid population growth and migration dey cause am, plus rising construction cost wey don turn many citizens to rent master. Dey wan pull all that idle land back into the market make housing supply fit increase, and make prices no be wahala again. Na for Vision 2030 be this move; the aim na to build better lives for citizens.

This new policy go shake ground for real estate investors wey don dey use urban land as better cash cow. Some go begin develop projects quick quick, while others fit sell dem plots sharp sharp to avoid fines. At the end of the day, e fit lead to better transparency and fair market.

And no forget say, with this new development, the construction sector go waka enter higher gear. Architects, engineers and builders go need plenty hands to run the show! This go create jobs and support small firms too. Na so e be; when building industry dey boom, na everybody dey chop from am.

Wetins citizens dey talk? Muchos dey hail the reform as correct step for affordable housing. Young families dey smile as dem dey see light, but some people dey fear say if dem no manage the sudden enforcement well, e fit scatter market. But government dey assure say dem go carry everybody along and no go dash am sharp sharp. E go be gradual process, dem go drop guidelines to make everybody sabi the process well.

But make we no forget say, challenges dey ahead o! The success of this reform go depend on how dem fit enforce am. Last time wey dem try this white land tax, e face plenty wahala. So dem don invest plenty money for digital land registries and satellite mapping to manage am better this time. As transparency dey important, dem need am scatter everywhere so investors fit trust the system.

In conclusion, this new white land rules na one serious reform wey fit change the face of Saudi cities. If dem fit carry out this policy well, e go unlock plenty housing supply and make the dream of Vision 2030 dey come true. Na big step toward fairer and lively real estate market wey everybody go benefit from. No be my mouth go talk am! Make we dey watch as e dey unfold.