Bayfancy Pte Ltda well-established real estate development firm from Singapore, has officially re-registered in the Maldives as it prepares to embark on a landmark project — a luxury residential complex in the heart of Hulhumalé. Backed by a legacy of large-scale developments in China, Bayfancy brings with it an expert team and a proven track record. The company has successfully delivered major projects including the 650,000 sqft Runda Villas, 150,000 sqft Runda Park, and the impressive 2 million sqft Runda International. Now, Bayfancy is setting its sights on the Maldives, with a vision to create a premium living experience in one of the country's most vibrant urban communities. The upcoming Bayfancy Residence will feature a range of one-, two-, and three-bedroom apartments, built with cutting-edge construction technology and a strong emphasis on sustainability. The development promises modern amenities and eco-friendly practices tailored to meet global standards of luxury living. Bayfancy emphasized its commitment to timely project delivery and maintaining the highest standards throughout the development process. With preparations now underway, the company is gearing up to break ground on what is expected to be one of Hulhumalé’s most sought-after residential addresses.

Property NewsReal Estate1 min read
Singapore's Bayfancy Set to Launch Luxury Apartment Project in Hulhumalé
MMaldives Investments
- Luxury
- Business
- Construction
- Apartment
- House
- Real Estate
Read next

Maldives · 4 November 2026
Hulhumalé Phase 3 and the Urban Island: What Is Planned and What It Means for Buyers
Reclamation, affordable flats, land plots and a proposed 5,000-unit Eagle Hills project: what is happening in Hulhumalé's newest areas and what it means for buyers and investors.

Real Estate · 2 November 2026
Service Charges and Building Management in Malé and Hulhumalé
How apartment buildings in Malé and Hulhumalé are managed, what service charges cover, what buyers should check, and how owners can fix a badly run building.

Maldives · 31 October 2026
Home Insurance in the Maldives: What Owners and Landlords Should Cover
What home insurance covers in the Maldives, what banks require, the risks owners and landlords should insure against, and how to make a claim go smoothly.

Maldives · 29 October 2026
Guesthouse Business Plan for Maafushi: Costs, Permits and Returns
A practical business plan for opening a guesthouse on Maafushi, covering land, construction, tourism permits, room rates, occupancy, running costs and realistic returns.
Properties for sale now

From MVR 3.6M≈ USD 233K

MVR 7.17M≈ USD 465K

MVR 5.7M≈ USD 370K