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Development of 2,500 Housing Units under Social Housin...

    REQUEST FOR EXPRESSION OF INTEREST    Development of 2,500 Housing Units under Social Housing Unit Scheme The Ministry of Finance and Treasury of the Government of Republic of Maldives, desires to develop 2,500 housing units at Hulhumale’ under Social Housing Unit Scheme through developer financing and  now invites local and foreign eligible contractors to indicate their interest in the Development of 2,500 Housing Units …

HDC to sell 76 plots of land from Hulhumalé

According to Housing Development Corporation (HDC), the plots of land to be sold are from neighborhood 1 of the reclaimed area. The plots will be of two sizes: 1,000 square feet and 1,800 square feet. While the bidding process is set to begin on September 18, starting price has been set at MVR 3000 per square feet. HDC’s Managing Director, Mohamed Simon, told at …

BML to provide home loans to pensioners

Bank of Maldives has signed an agreement with the Maldives Pension Administration Office (MPAO) to accept retirement savings as equity for home loans. This will pave the way to make home finance more accessible and more affordable for Maldivian individuals and families who, until now, have found it difficult to meet the initial equity down payment required. BML Home Loan applicants will now be …

Gulhifalhu industrial village project will begin after...

Gulhifalhu Investments Ltd. says it will start developing the island of Gulhifalhu, located between Thilafushi and Villimale’, as an industrial village only after leasing out all the land plots there. Answering a question posed by VNews, Gulhifalhu Investments’ Managing Director Abdulla Fazeel said 70 percent of the land has already been leased out, but it was undecided about how the rest of the land …

Maldives lease islands in two atolls

Maldives government has announced to lease a number of islands in the atolls of Baa and Alif Dhaalu.   In a notice, the fisheries ministry listed Veyofushi and Hirundhoo in Baa atoll, and Hiyafushi and Kudadhoo in Alif Dhaalu atoll to be put up for lease (Varuva). The ministry stated that interested leasers may submit their bid applications by August 15 from 8:30 a.m. …

Multi-Storey buildings to be constructed in Industrial...

Housing Ministry said the Ministry had no intention of allowing private developers to construct building in the Industrial Village. The Ministry said land from the Village will be leased after constructing multi-storey buildings. Housing Minister Dr. Mohamed Muizz said multi-storey buildings will be constructed in the area. He said that priority will be given to workshops using chemical and sprays, deemed as health hazards. …

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