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Over 1,400 applications for Vinares housing flats

Mohamed Rehan
20 September 2022, MVT 17:09
Vinares housing towers--
Mohamed Rehan
20 September 2022, MVT 17:09

Housing Development Corporation (HDC) reports receiving a total of 1,413 applications for Vinares housing flats.

Developed at Hulhumale' Phase 2 in semi-luxury and luxury quality, a total of 1,344 apartments were developed in 10 housing towers.

The apartment prices start at MVR 2.5 million up to MVR 3 million, with total floor measuring between 883 to 902 square-feet.

The company said that applicants will be assessed on their living conditions, which is the initial scoring basis after which apartments will be allocated in the order of the eventual score of the applicants.

HDC will handover housing units to the applicants passing from financial eligibility, while those who fail will be placed on the waitlist.

Eligibility is primarily assessed on the duration of residence in Male' city; which should be 15 years or more.

The housing towers have entered into their final phase of development. HDC will handover the apartments to winning applicants sometime during the first quarter of 2023.

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