The sale of these land plots is exclusively available to Maldivian nationals aged 18 and above, as well as 100 percent locally owned companies.
Housing Development Corporation (HDC) has opened 16 land plots for sale from Hulhumale' Phase 2 beachfront and beachside today.
According to an announcement made by the company, beachfront land plots between 1,096 to 3,252 square feet are available for purchase at MVR 4,500 per square foot. Prices for beachfront properties range from MVR 4.9 million to MVR 14.6 million.
Beachside land plots, sized between 1,441 and 3,380 square feet, are priced at MVR 4,000 per square foot, with the properties ranging from MVR 5.8 million to MVR 13.5 million.
The sale of these land plots is exclusively available to Maldivian nationals aged 18 and above, as well as 100 percent locally owned companies.
The bidding procedure will be carried out in two stages;
1. Submission of an Expression of Interest (EOI) for the land plot of choice through HDC's portal
2. To bid for the plot if more than one party has submitted an Expression of Interest (EOI)
Additional information about the plots offered up for sale can be obtained via HDC.
Last year, HDC opened two rounds of land sales in Hulhumale', offering 17 plots in one round and 13 in the other.
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