Real Estate - the new titan in development

Compared to a decade ago, a glance at Hulhumale’ today brings to attention the prevalence of the real estate industry. Once almost bare and dotted by a few rows of low-lying buildings that marked the growing saplings of a newly populated island, the reclaimed suburb now proudly features tall, sleek towers filled with bustling families, and several more complexes are on the rise.

The recent incline in commercial housing projects is further propagated by the influx of new companies investing in this budding sector. A look at Housing Development Corporation (HDC)’s website shows a long list of private firms authorised to develop and sell housing complexes, including veterans such as Amin Buildware, Batch Construction, Damas Company, Ensis Fisheries, FW Construction and Rainbow Enterprises.