Private sector will be invited to develop housing in Hulhumale

MALE, Aug 2 (HNS) -- Real estate housing units would be developed in Stage B of the First Phase of Hulhumale development. The Hulhumale Development Unit said that private companies would be contracted as real estate developers for building housing schemes in the newly-reclaimed island. The unit will discuss this with the private sector. In Stage B, there will be 750 housing units that would accommodate 4,326 people. This phase of development would be completed by December 2005. According to Hulhumale Development Unit, Stage A of the First Phase of Hulhumale development would be completed in October and people will start living in the island, reclaimed in the lagoon of Hulhule island, in December. The Hulhumale development project was launched in 1997 to address the acute housing problems facing residents of Male.