Housing Development Corporation (HDC) has announced that the allocation of flats in the Vinares Housing Project in Hulhumale' has been finalized through signed agreements and the handover to owners is scheduled to take place soon. The project aims to provide housing units to individuals who have vacated their current units in Gulhifalhu, Sealife, and Hiyaa flats, as well as to those selected from the general public.
HDC is currently in the process of signing agreements with the recipients of the flats. At present, a total of 100 recipients from Gulhifalhu flats are being provided housing units, with 25 agreements being signed daily. The agreements for recipients of the other housing units will also be signed simultaneously with the Gulhifalhu flat recipients.
HDC noted that individuals who have made full payments for end-user and housing units will have the opportunity to choose their desired units. So far, 128 units have already been allocated to applicants who have fulfilled their payment obligations. The financial evaluation of individuals who have openly applied to the public and have chosen the long-term (end-user) model for the corporation will soon commence, leading to the completion of the unit selection process for these applicants. Additionally, HDC has confirmed that the agreement for the Vinares housing units has already been signed, and the units are scheduled to be handed over to owners in July.
The Vinares housing project comprises 10 towers, encompassing a total of 1,344 housing units, all of which are three-room apartments. These flats are developed in four distinct concepts: 172 marina view flats, 372 outer view flats, 352 inner view flats, and 448 standard view flats. The marina view apartments offer a scenic view of the yacht marina and cruise terminal, while the inner view apartments provide a glimpse of the main roads. The outer view offers a cityscape, while the standard apartments are situated in the middle of the towers. The price range for these apartments is USD 162,000 to USD 198,000.
HDC initiated the opportunity for individuals to own flats from the Vinares housing project on July 18, 2022. During the application period, a total of 1,413 individuals applied for the flats. Urbanco meticulously evaluated the forms and released the final list of flat recipients in February of this year.