To develop Hulhumale’ into a unique island city in the capital region of Maldives; promising opportunities for better homes, health, employment, education and services.

To relieve the urban congestion in the capital region of Maldives by providing housing from Hulhumale’ in a socially responsible, commercially viable manner.

Established on 23rd March 2005, the corporation was initially named Hulhumale’ Development Corporation Ltd (HDC) with the development of Hulhumale’ as the main focus. In 2009 the corporation was named Housing Development Corporation Ltd and the mandate was broadened to cater to government assigned housing projects in various parts of the country. However, the main focus still remains in ensuring the successful development of Hulhumale’. Housing Development Corporation Ltd is a 100% Maldivian government owned corporation.

Building on the accomplishments of its predecessor the Hulhumale’ Development Corporation, the HDC occupies three roles in the development of Hulhumale’. Firstly, as master developer, delivering the vision, inspiration and imagination of the project in a financially feasible and commercially viable manner. Secondly, as builder, constructing the necessary infrastructure necessary to meet the required conditions of quality living and business prosperity. Thirdly, as regulator, overseeing detailed planning, architectural guidelines and building regulations.