180 bid for 34 beachside plots in Hulhumale’ Phase II

Housing Development Corporation (HDC) states they have received 180 bid forms for the 34 beachside plots up for sale in Hulhumale’ Phase II.

HDC said that they have yet to open some 40 bid forms.

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

The bid submission for the beachside plots expired on Wednesday.

The bid security for the plots was MVR 320,000, and the minimum bid price was MVR 3,500 per square feet.

Meanwhile, the deadline for bid submission for the 26 beachfront properties expired last week. 211 bid forms were submitted for the plots.

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