The Housing Development Corporation (HDC) has announced the availability of 18 additional plots of land for sale in Hulhumale'.
The land plots are located on the beach side of Hulhumale' Phase II, with two beachfront plots and 16 beachside plots ranging in size from 1,864 sqm to 2,408 sqm. Interested buyers can submit their applications via the HDC bid portal. Both private individuals and companies that are 100% Maldivian-owned are eligible to participate.
The land plot sale will proceed in two phases. The applicants will initially submit an Expression of Interest (EOI), and in cases where multiple people apply for the same plot, the second phase will involve competitive bidding.
HDC said that the starting prices for the land plots are set at USD 260 per square metre. A total of 58 plots have been offered for sale in Hulhumale' since May this year, including the 18 newly announced plots.