HOUSING DEVELOPMENT CORPORATION Investors Presentation
2 Well-positioned to benefit from Maldives'
economic recovery
Strong population growth...
...coupled with a rise in income
(ppl)
HOUSING
DEVELOPMENT
CORPORATION
2016-2020 CAGR: +4.1%
2016-2019 CAGR: 4.9%
557,426
530,953
515,696
496,402
9,123
9,472
10,245
10,541
475,513
6,741
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
Steady labor force participation rates (1)
65.0%
63.9%
66.0% 67.0% 66.4% 65.5% 65.1% 65.4% 65.6% 66.0%
62.9%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Maldivian average income in-line with target market
Average monthly income per earner (MVR)
Average monthly income range of HDC's target market (MVR)
Average income of buyers of HDC's
projects ranges from MVR 7,000 - 14,000
14,000
7,000
11,154
Maldives
14,150
Male
Rise in income of Maldivians increases the affordability and serviceability of HDC's housing
projects
Source: World Bank, Maldives National Bureau of Statistics, Maldives Monetary Authority (MMA), IMF, EIU.
(1)
World Bank estimate. Measures % of total population ages 15+ that is economically active: people who supply labor for the production of goods and services.
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