Land up for sale from two phases of Thilafushi

Housing Development Corporation (HDC) has announced the sale of land from Phase I and Phase II of the industrial island of Thilafushi, exclusively for Maldivian citizens.

Total 108 plots are available for industrial purposes from Thilafushi Zone A, Area B.

• Type 1: 2,500-4,999 square feet, 64 plots
• Type 2: 5,000-9,999 square feet, 42 plots
• Type 3: 10,000-14,999 square feet, 2 plots

The sale of land will be carried out in two phases; the submission of Expression of Interest (EOI) and, in cases where a plot receives more than one EOI, it will go to bidding.

The minimum bid price is MVR 1,700 per square feet.

Interested parties can submit their bids via HDC’s portal or via email to [email protected].

Meanwhile, the opportunity has also been opened for parties who have leased land from Phase I of Thilafushi to purchase the plot. The opportunity is open for parties who have leased land the size of 5,000 square feet or more.

Thilafushi is being developed as the main industrial and business hub in the greater Male’ region.