Bid submission for 26 beachfront plots in Hulhumale’ scheduled for Feb. 9

Housing Development Corporation (HDC) has announced that bid submission for 26 beachfront land plots up for sale in Hulhumale’ Phase II will be held on Wednesday, February 9.

HDC announced the sale of 60 plots of land from Hulhumale’ Phase II on December 27. It includes 26 beachfront plots and 34 beachside plots.

HDC announced on Tuesday morning that the bids for the beachfront plots must be submitted to the fifth floor of H. Meeruma Events between 09:00 am and 12:00 pm on Wednesday.

The bids will be opened at 01:00 pm.

HDC said that only one person will be allowed to participate in the submission of the bid forms. They have been urged to keep their masks on at all times and maintain social distancing.

People acting as proxy for bidders are required to come with power of attorney documents.

The minimum bid price for plots is MVR 3,900 per square feet.

The price of a bid document is MVR 500, and the bid security is MVR 320,000.

HDC said that first-time land owners, along with residents of the greater Male’ region registered to lands measuring less than 600 square feet will be prioritized in the sale of the plots.

The bid submission for the 34 beachside plots is scheduled for Wednesday, February 16.