MPL to start charging rent on company apartments starting October
MPL has previously taken steps to ease the financial burden on its residents, including facilitating down payments and structuring rent payments to be more manageable.
PSM News
The Maldives Ports Limited (MPL) announced today that it will commence charging rent for its company-provided flats beginning this October. This decision marks a significant shift for the 534 apartment recipients who have been residing rent-free until now. The move is part of MPL's broader housing strategy aimed at creating a sustainable model for employee accommodation.
Housing schemes in the Maldives have been a critical component of the government's efforts to alleviate the high cost of living and provide affordable housing solutions for its citizens. Over the years, various government initiatives have aimed to reduce the burden of rent on residents, particularly in densely populated areas like Male'. These schemes have included the development of social housing projects, subsidies, and incentives for private developers to build affordable housing.
In line with these national efforts, MPL has provided housing solutions for its staff. In addition to providing the housing scheme, MPL has previously taken steps to ease the financial burden on its residents, including facilitating down payments and structuring rent payments to be more manageable. These measures were aimed at supporting employees during the transition to their new accommodations and ensuring they could comfortably meet their financial obligations.
The company allocated 534 apartments to its employees, consisting of 204 single-room units and 330 three-room units. This initiative was designed to ensure that MPL employees have access to comfortable and affordable living spaces, enhancing their quality of life and work satisfaction.
The announcement regarding the rent payment was made in February of 2023, as the CEO of the company Mohamed Wajeeh Ibrahim announced that the rent charges would begin for the tenants as soon as all the recipients are able to move in. Since then, residents have settled into their new homes, and the company is now proceeding with its plan to implement rent charges.
