HDC Opens Opportunity To Buy Land From Hulhumale’ Phase 2

Housing Development Corporation has recently announced 60 plots of land that is for sale for residential purposes in Hulhumale’ City, Phase 2. The 60 plots include 34 plots in Beach side and 26 plots in Beach front.
The plots that has been announced for sale is in part of HDC’s Master development plan for phase 2 in Hulhumale’ City. The growing city is the future of youth for Maldives with latest developments and innovations taking over.
The aim of the plan by HDC is to open residential opportunities for individuals from different classes. The corporation also announced their main targets would be first-time buyers who do not own a land in Male’ City that is bigger than 600 acres.

Interested parties can send an email to HDC requesting for a bidding form, from January 2nd, 2022 to January 31st, 2022 – 3pm. The bidding form is available for MVR 500. For Beach front plots forms have to be submitted on February 9th, 2022 and for Beach Side plots forms have to be submitted on February 16th, 2022.
The bid security for each plot is MVR 320,000.00 as announced by HDC. The beach front plots are priced to MVR 3,900 per sqft and beach side plots are priced to MVR 3,500 per sqft. The plots are sized between 1,603.07 to 2,633.93 sq ft. 6% GST will also be added to the bidding price proposed by the individual.
For more information please contact 3355380, 3355195 and 3355368.