Sep 21, 2023 · In total, the project encompasses 691 housing units, divided between 330 flats at SIFCO and 361 flats at POLCO. These residential towers offer luxurious three-room apartments, each spanning an impressive 1,100 square feet of living space.

Jan 7, 2025 · The Sifainge Cooperative (SIFCO) has reversed its decision to deny flats to Maldives National Defence Force (MNDF) officers who had previously received housing under the Hiyaa housing scheme. The decision comes after a legal challenge by two officers who were initially deemed ineligible for SIFCO flats despite having paid the down payment.

Sep 21, 2023 · The keys to the SIFCO Hiyaa flats began on Wednesday. The SIFCO flat project, which was decided to be built during the government of former President Dr Mohamed Waheed, has been severely delayed for various reasons.

Sep 21, 2023 · The project consists of 691 housing units, which include 330 flats at SIFCO and 361 flats at POLCO. In total, three towers were built with flats designed as luxury three-room apartments with 1,100sqft of space.

Jan 8, 2025 · The Civil Court has revealed that SIFCO has reversed its decision to deny SIFCO Hiyaa flats to Maldives National Defence Force (MNDF) soldiers who were later allocated Hiyaa flats. The issue originated in 2014 when certain MNDF soldiers were declared eligible for SIFCO flats after paying a down payment of MVR 91,000.

The construction of the ‘SIFCO Hiya’ flats, which began nine years ago but had been delayed several times, has now been completed. Flats will be handed over one tower at a time and will be done so as soon as possible, Abdul Latheef said.

Feb 14, 2025 · The Public Accounts Committee of Parliament has asked the Auditor General to carry out a special audit of the 300-flat project undertaken by Sifainge Cooperative (SIFCO).

Jan 7, 2025 · The decision to withhold SIFCO flats from soldiers who had already received Hiyaa flats has been reversed, with agreements now signed to allocate the SIFCO flats despite prior Hiyaa flat ownership. The reversal was disclosed in a Civil Court ruling issued on Monday.

Apr 28, 2024 · Maldives National Defence Force (MNDF) has stated that the Sifainge Co-oporative (SIFCO) flats allocated to MNDF officers will be retracted if the units are being leased for rent. Leasing of these apartments to a second party is prohibited under the agreement signed between the recipients of the SIFCO Hiya Flats and MNDF.

Jan 7, 2025 · A ruling issued by the Civil Court on Monday indicates that SIFCO has reversed its decision against awarding SIFCO Hiyaa flats to MNDF soldiers who had later received Hiyaa flats. The issue arose when some MNDF soldiers, who were declared recipients of SIFCO flats in 2014 and had paid a down payment of MVR 91,000, were awarded Hiyaa flats.