HDC opens applications for 5 rental units at Hulhumale island market

The Housing Development Corporation (HDC) has announced the availability of five rental units at the Hulhumale Island Market.

Unlike previous years, where stalls were allocated through a bidding process to the highest bidder, this time HDC will be selecting tenants through a draw among eligible applicants.

Each unit measures 73.33 square feet and will be leased for a period of two years. The monthly rent for each unit is set at MVR 7,500, with a security deposit of MVR 22,500 required upon signing.

Application forms are available on the HDC website, and completed forms must be submitted via email only to <a>[email protected]</a>.

The application window opens tomorrow at 8:30 AM and will close on September 23 at 3:30 PM. The draw to determine the successful applicants will take place on October 16 at 10:00 AM.

This change in the allocation method is aimed at providing a more equitable opportunity for all interested parties, regardless of financial capacity.