MoreGovernment receives Rf35 million from selling land plots
Haveeru Daily
Aug 31, 2010 - 12:00
MALE, August 31, 2010 (HNS) – The government has received Rf35 million from selling two land plots from the South-West Harbour area.
Male Municipality Deputy President Mohamed Arif said a 2,000 square feet land plot was sold to SunFront on Monday for Rf6,696.27 per square feet.
The municipality earlier sold a 5,000 square feet land plot at a rate of Rf4,350 per square feet for Rf.21.7 million.
Arif noted that the owner of BHM Traders, which bought the land plot, paid 10 percent of the price. The remaining money should be paid within 60 days, he added.
The price of the third 2,000 square feet land plot reached to Rf6,798.67 per square feet and the 7,500 square feet land plot reached to Rf6,500 per square feet by Tuesday.
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