Housing Development Corporation (HDC) has decided to open 74 plots of land for sale in Hulhumale’.
HDC said the land plots will be sold by tender from Hulhumale’ Phase II. The land plots range from 1095 acres to 2588 acres and include 22 beachfront plots and 52 land plots near the beach. The bidding price for the beachfront plots is MVR 6,500 per acre and the bidding price for the land near the beach is MVR 5,500 per acre. All bidding parties must secure a bid security of MVR 1 million, according to HDC.
Furthermore, HDC revealed the forms to buy land plots will be issued from August 21 to September 1. HDC noted bids for beachfront plots will be opened on September 11 and bids for plots near the beach will be opened on September 12.