Hulhumale' Phase 2: Prime Residential Land Up for Grabs by Maldivian Buyers

The Housing Development Corporation (HDC) unveils an opportunity for Maldivian buyers as residential land in Hulhumale' Phase 2 hits the market. Today marks the commencement of the tender process for 13 plots nestled along the beachside, varying from 1864 to 2408 acres.

Prospective buyers, including private individuals and companies with 100% Maldivian ownership, can submit applications online through HDC's bid portal. The sale proceeds in two phases: an Expression of Interest (EOI) submission followed by bidding if multiple parties express interest.
With a starting bid price of MVR 4,000.00 per acre, HDC aims to facilitate Maldivians' access to prime residential real estate in Hulhumale', aligning with the nation's housing development goals.