Government offers land for sale in Hulhumalé
The properties for sale in Hulhumalé include 38 beachfront plots and 38 beachside plots, each between 1,000 to 1,800 square feet. Bidding will start at MVR3,000 (US$195) per square feet.
28 Aug 2016, 9:00 AM
The state-owned Housing Development Corporation is planning to auction 76 plots of land in Hulhumalé, an artificial island near the capital under development as a new population hub.
According to a press release by the HDC, the official announcement for the sale will be made on September 18. The properties include 38 beachfront plots and 38 beachside plots, each between 1,000 to 1,800 square feet.
Bidding will start at MVR3,000 (US$195) per square feet. Any Maldivian adult will be eligible to apply for two plots of land from each category.
The plots are located in ‘neighbourhood one’ of the new landmass reclaimed in early 2015 under phase two of the Hulhumalé urban development project, which added 240 hectares to the 188 hectares reclaimed in 2002.
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