The government has opened 12 industrial plots in Hulhumaleβ Phase II for sale.
According to HDC, these include 12 plots of land between 3,689 sqft and 3,746 sqft. The land is available for purchase exclusively to Maldivians through a bid process, with applicants required to be at least 18 years of age. For companies, eligibility is restricted to those registered in the Maldives with 100 percent Maldivian ownership.
The land sale will be conducted in two phases: the first stage is the submission of an Expression of Interest (EOI), followed by the bidding stage if more than one party has submitted an EOI for the land to be purchased.
The starting bid price for the land is MVR 7,500 per sqft. Each bidder can purchase up to three plots.
Bidding will be conducted through the Housing Development Corporation (HDC)’s online bid portal. The information of the land currently open for sale is available through the bid portal.
