HDC invites bids for Hulhumale phase 2 industrial plots
The HDC, which oversees Hulhumale, said in an announcement that land from the industrial hub of Phase 2 will be sold through tender.
Housing Development Corporation (HDC) on Wednesday invited applications to buy land from Hulhumale Phase 2 for industrial purposes.
The HDC, which oversees Hulhumale, said in an announcement that land from the industrial hub of Phase 2 will be sold through tender.
Only Maldivians and 100% Maldivian-owned companies can buy the land.
The announcement regarding the tender includes:
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The starting bid price is MVR 7,500 per sqft
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Each bidder can buy a maximum of three plots of land
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Land information can be viewed through an HDC portal
Interest in purchasing the land through tender is required through the HDC portal. If more than one bidder has expressed interest in the same land, the land will be sold to the highest bidder.
