Housing Development Corporation Ltd. (HDC) has announced today the opportunity for interested Maldivians to purchase Row Houses which will be developed under the project “Hulhumalé Row House Project 2010”.
These Row Houses are targeted to the mid to high income earners and will occupy an area of approximately 903.84 square feet each and will be developed up to two floors. The ground floor is designed flexibly to serve as a residential or commercial use space, whereas the second and first floors are purely for residential use.
A total of 12 Row Houses will be developed and will be located within the residential neighborhood one of Hulhumalé and is well accessible to the surrounding of commercial facilities, school, hospital, parks and recreational spaces.
HDC plans to sell the Row Houses through mortgage finance arrangements facilitated through Housing Development Finance Corporation. HDFC is willing to avail mortgage loans of up to 15 years at an interest rate of 11.75% to customers complying with their credit screening, for the purchase of these Row Houses.
Please Visit Row-House Project 2010 Download Page for more details