Land up for sale from Hulhumale’ Phase II

The Housing Development Corporation (HDC) has opened the sale of additional plots of land for residential purposes from Hulhumale’ Phase II.

The new land sale announcement on Thursday follows a similar one back in May.

The HDC did not specify the number of plots available for sale, but said that plots were available from both beachfront and beachside.

The size of beachfront plots ranges from 1,095.98-square-feet to 3,252-square-feet, while the size of beachside plots ranges from 1,440.80-square-feet to 3,380-square-feet.

HDC said all Maldivian citizens above the age of 18 years are eligible to submit bids. If the bidder is a company, it must be a 100 percent locally-owned company registered in the Maldives.

The land sale will be carried out in two phases. In the first phase, interested parties are required to submit their Expression of Interest (EoI). The second phase is the opening of bidding for plots that receive more than one EoI.

Bidding for beachfront plots start at MVR 4,500 and bidding for beachside plots start at MVR 4,000. Interested parties can submit EoIs for more than one plot.

Additional information regarding the plots for sale is available on HDC’s bid portal.