# Bayfancy Residence, the building: 18 floors on 350 piles, with a whole floor for residents

> What Bayfancy Residence is made of: an 18-storey tower over a basement on Lot 20092 in Hulhumalé Phase 2, standing on more than 350 deep piles, with no shops inside, a double-height lobby and an entire 17th floor of shared amenities.

Source: Maldives Real Estate News, published by Binga Properties. URL: https://news.binga.mv/bayfancy-the-building
Published: 2026-10-18T04:59:23.228Z · Updated: 2026-10-18T05:05:48.908Z · Event date: 2026-10-18

Bayfancy Residence is an **18-storey apartment tower over a basement** on **Lot 20092, Hulhumalé Phase 2**. It is built by **Bayfancy PTE LTD**, a Singapore developer that re-registered in the Maldives in 2024. Construction began on 1 December 2024 and the frame was finished in October 2025. The developer's October 2026 report puts the building at **72 per cent** complete, with handover expected on **30 June 2027**. ([The full story and timeline](/bayfancy-residence-the-full-story).)

## What holds it up

The building stands on **more than 350 piles**, each driven **12 to 15 metres** into the ground. They carry its weight down to firmer layers below the reclaimed surface. Above ground, Bayfancy says it used **fair-face concrete** methods, forming the structure precisely enough that walls and slabs need less correction before plaster.

## What is inside

- **Homes only.** The managing director said early on that the tower would have **no commercial units**, for residents' privacy. Shops and services were planned for a neighbouring plot instead.
- **A double-height lobby** with a ceiling of over six metres, a concierge desk, a seating area and a vertical garden.
- **Level 17 for residents:**
  - an infinity pool;
  - a fitness centre and yoga studio;
  - a children's play area;
  - a billiards lounge, a barbecue terrace and outdoor dining;
  - a reading room;
  - co-working space and meeting rooms;
  - a multipurpose hall.
- **In each apartment:**
  - a large balcony with a **hydroponic planter**;
  - **smart-home controls** for air-conditioning, lighting and entertainment, by voice or phone;
  - floor-to-ceiling doors and windows.
- **A planned butler service.**

## What it is built with

Bayfancy has opened a materials showroom with the brands going into the building. They are mostly established Chinese manufacturers, with some international names:
- **Mitsubishi** lifts;
- **Xinyi** double low-emissivity glass;
- **Kinlong** window and door hardware;
- **SKSHU (3TREES)** exterior coatings;
- **Hikvision** security;
- **OPPLE** lighting;
- **LESSO** pipes;
- **CIFIAL** bathroom fittings.

## What we do not know yet

Bayfancy has not published:
- the total number of apartments;
- the lift count;
- the expected monthly service charge.

The service charge matters most, because a full amenity floor and a butler service have to be paid for. Ask for all three before you commit.

## Sources
- bayfancy.com/news (Bayfancy news: pile foundation; "Build-Insights", 25 December 2025, on piles and fair-face concrete; lobby, 16 August 2025; Level 17, 15 September 2025; materials showroom, 20 August 2026) (https://bayfancy.com/news (Bayfancy news: pile foundation; "Build-Insights", 25 December 2025, on piles and fair-face concrete; lobby, 16 August 2025; Level 17, 15 September 2025; materials showroom, 20 August 2026))
- mihaaru.com/business/141862 (Mihaaru, 16 January 2025: interview with managing director Woncar Chen) (https://mihaaru.com/business/141862 (Mihaaru, 16 January 2025: interview with managing director Woncar Chen))
- bayfancy-progress-september-2026.vercel.app/ (monthly progress report: Lot 20092, Hulhumalé Phase 2; 72 per cent, October 2026) (https://bayfancy-progress-september-2026.vercel.app/ (monthly progress report: Lot 20092, Hulhumalé Phase 2; 72 per cent, October 2026))

Binga Properties is a real-estate concierge; it may represent homes and developments mentioned here.