Developments
Buying at Blue Lagoon with Binga
The five steps a Binga concierge runs for a buyer at Blue Lagoon Luxury Residences: brief, viewing, verification, terms, handover.
audience
Buyers
Everything the desk has published under “buyers”.
Developments
Buying and letting at FW Residence with Binga
For a buyer: how the concierge finds and verifies a resale in the building. For an owner: what Binga does with an FW Residence unit from inspection to tenant.
Developments
Buying at Luxera Nadhee with Binga
Viewing, verification, negotiation, financing and handover: how a Binga concierge walks a buyer through a purchase at Luxera, and who the building tends to suit.
Guides
Off-market, explained
Why many of the best homes in Malé and Hulhumalé are never advertised, how they change hands, and how a tenant or buyer gets to see them.
Launches
Explore the home, room by room
Listing photos are now tagged by space and type, so you can walk a home on the site the way you would in person, and developments and neighbourhoods got galleries of their own.
Launches
The Hulhumalé buying guide, updated
Binga's most-read guide, on buying a flat or condominium in Hulhumalé, refreshed with the current HDC pre-sale rules and loan terms.
Launches
Twenty-four developments added in one week
RainPearl, Rainbow Tower, the Renaatus buildings, One Avenue, Solitaire, K-Park, The Gardens and more: the Hulhumalé developments people ask about, catalogued with photos, unit types and status.
Launches
Bayfancy finishes plastering, opens a materials showroom and reports the building 70 per cent complete
In August 2026 Bayfancy completed all plastering, finished air-conditioning, screeding and waterproofing on its upper floors, and opened a showroom of the materials going into the apartments. Its engineering report put overall progress at 70 per cent.
Launches
Walls, roof and waterproofing done: Bayfancy Residence moves into its finishing phase
By late February 2026 all masonry at Bayfancy Residence was complete, the roof and external waterproofing were finished and the show apartment was 70 per cent built. Plastering then moved through the building, with the outside walls at 68 per cent by April.
Launches
A new investor takes a stake in Bayfancy and the developer sets 31 December 2026 for handover
Bayfancy announced that businessman Chen Jiaming had reached an agreement with its original shareholders in October 2025 and put in more capital. The developer set handover for 31 December 2026 as masonry reached the 14th floor and work on the show apartment began.
Launches
Bayfancy Residence tops out: the 18-storey frame is complete
Bayfancy poured its 18th-floor slab on 23 September 2025 and declared the superstructure complete on 18 October, with internal walls finished up to the tenth floor. The frame came in a few weeks after the September target set in July.
Launches
Bayfancy reaches its 17th floor and shows what it will hold: pool, gym, play area and co-working
The day after its 17th-floor slab was poured, Bayfancy set out plans for the whole level as residents' amenities, from an infinity pool and gym to a children's play area, reading room and co-working space, and showed a double-height lobby design.
Launches
Bayfancy reaches its 11th floor ten days ahead of plan and targets handover in late 2026
By mid-July 2025 Bayfancy Residence had poured eleven floor slabs in under four months. Its sales director said the job was ten days ahead of schedule, with the frame due by September 2025, fit-out from October and handover between September and December 2026.
Launches
Bayfancy Residence opens for sale at 20 per cent built, from MVR 3.5 million
With the fifth-floor slab poured, Bayfancy opened sales of its 18-storey building in Hulhumalé Phase 2: one-bedroom-plus apartments from MVR 3.5 million, 3+1 suites from MVR 6.2 million and sky villas from MVR 26 million, with Bank of Maldives as mortgage partner.
Launches
Bayfancy Residence pours its basement slab ahead of schedule and starts to rise
On 9 March 2025 Bayfancy Residence poured its basement slab, ahead of the 20 March target the developer had set, and moved above ground: the ground-floor slab followed on 23 March and the first floor on 30 March.
Launches
Bayfancy Residence completes its foundation piles: more than 350, driven 12 to 15 metres deep
Construction of Bayfancy Residence began on 1 December 2024. Within four weeks, more than 350 foundation piles had been driven 12 to 15 metres into the ground, three days ahead of plan, and steel sheet piling for the basement followed.
Launches
A Singapore developer arrives in the Maldives with plans for Bayfancy Residence in Hulhumalé
Bayfancy Pte Ltd, a Singapore real estate developer whose team has built large residential schemes in China, re-registered in the Maldives to build Bayfancy Residence, an apartment building in Hulhumalé.