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NEWS
maltatoday | SUNDAY • 10 NOVEMBER 2024
hidden by trees in 10 years
worth individuals and local buyers, with
Deloitte estimating that Malta-based pur-
chasers will make up 35% of buyers. The
villas are expected to be stable real estate
investments. Given that the villas may be
available on the property market before
hotel operations commence, revenue from
villa sales may be used to help fund the ho-
tel complex, reducing project risks.
The Hal Ferh saga
The Ħal Ferħ complex, originally devel-
oped in the 1970s, consisted of holiday
homes built in repurposed British-era bar-
racks. However, the government-owned
Air Malta later sold the land as part of its
restructuring efforts. In February 2023, the
Planning Authority approved the demo-
lition of these barracks to make way for a
cluster of timeshare apartments.
In 2020, the government had requested
that the Planning Authority amend the
local plan to allow the Corinthia Group,
which acquired the land from hotelier
Winston Zahra, to develop permanent res-
idences in the area.
Aerial view of proposal
