Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.
topic
Everything the desk has published under “handover”.
Developments
Everything about Bayfancy Residence in one place: the Singapore developer behind it, the 18-storey building on Lot 20092 in Hulhumalé Phase 2, every milestone since piling began in December 2024, the handover date as it has moved, prices then and now, and what is left before keys in June 2027.
Launches
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
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.
