Saudi housing to disclose value of white land tax invoices soon

The value of the white land tax invoices will be disclosed after the deadline given to landowners to register their objections, Al Eqtisadiah newspaper reported citing the Saudi director general of white land taxation department, Mohammed Al-Mudaiham.

The white land tax program is expected to boost supply, he said. He added the prices of land and residential units have dropped by 9 percent and 8 percent, according to the General Authority for Statistics.