Philenews

Cyprus Land Development Corporation to Sign Contracts for Two New Affordable Housing Projects

Published March 18, 2026, 08:18
Cyprus Land Development Corporation to Sign Contracts for Two New Affordable Housing Projects

The Cyprus Land Development Corporation (KOAG) is proceeding with the signing of two new contracts for the construction of houses and apartments in Nicosia and Limassol, which will be offered at affordable prices. The first project concerns 29 semi-detached houses in Pano Polemidia, Limassol (“ADONIS III”), while the second concerns an apartment building with 18 apartments in Lakatamia (“ALEXANDRA”). In addition, two new projects are being announced in Nicosia, “ERMIONI” with 25 apartments and “IOLI” with 48 apartments. At the same time, applications for building permits are progressing for an affordable rental project in Strovolos (54 apartments) and an apartment complex in Aglantzia (57 apartments). Work on the first affordable rental project in Agios Nikolaos, Limassol, is continuing as planned.