The development programme of the Cyprus Land Development Corporation (CLDC) is extensive, with important projects on track for implementation in all cities.
CLDC is evolving into a key executive and management arm of the state housing policy, with the financial and institutional support of the Ministry of Interior and the wider state. The Corporation is now active in the areas of the Moderate Income Housing Scheme, the Affordable Housing Scheme and the management of state housing schemes.
As mentioned in the context of the presentation of the Corporation's work report recently, it was emphasised, among other things, that in 2025 and within the framework of the Moderate Income Housing Scheme, the Ianthi project in the Municipality of Larnaca was completed with 24 apartments. At the same time, the implementation of projects began in Kokkinotrimithia (10 residences), in the Municipality of Polemidia (29 residences) and in the Municipalities of Lakatamia, Ayios Dhometios, Kaimakli and Pallouriotissa, along with the division of 137 plots of land in the districts of Nicosia, Limassol, Larnaca and Paphos.
Furthermore, within the framework of the Affordable Housing Scheme, large-scale developments are being implemented in Limassol (138 apartments) and Strovolos (with 54 apartments) with substantial state funding of €28 million.
Below are presented some of the projects for sale, as well as the projects under study by the Corporation:
PROJECTS FOR SALE
- 'DANAE V' - Kokkinotrimithia
In the Kokkinotrimithia area, on Ioustinianou and Electras streets, the construction of a new residential complex has begun.
The 'DANAE V' complex is an extension of an existing complex and includes 10 residences (8 semi-detached and 2 detached). The residences are all three-bedroom.
- 'EKALI' - Kaimakli
The 'EKALI' apartment building is located on the corner of Aipeias and Paridos streets in a remote area of Kaimakli. The choice of the area provides potential owners with the opportunity to benefit from financial support from the Ministry of Interior's Housing Revitalisation Plan for Mountainous, Remote and Disadvantaged Areas.
The apartment building is four stories high and has a total of 16 apartments, 8 with two bedrooms and 8 with three bedrooms. The architectural design offers each apartment natural light, proper ventilation and a large veranda that contributes to the climate and lifestyle of Cypriot society.
The apartment building adjoins a public green space and includes a pillared area with covered parking spaces, storage areas, disabled service areas and the necessary functional equipment.
- 'IANTHI' - Larnaca (delivered)
The 'IANTHI' complex is located in an excellent area at the entrance to Larnaca on Koritsas Street. Within walking distance to the north are the Metropolis Mall and the Larnaca General Hospital and to the east are the GSZ and ARENA football stadiums. It is the first phase of a comprehensive project, consisting of six apartment buildings and 32 apartments.
The first phase includes two four-story apartment buildings, each with 12 apartments. Eight of the apartments are two-bedroom, while 16 apartments have three bedrooms. The architectural design offers each apartment independence, the feeling of a floor apartment, perfect orientation, natural lighting and proper ventilation.
The study and design of the project is the product of an architectural competition, it includes modern elements giving it a distinct and different personality. It has a shared socialising area for residents which adjoins a green space and aims to cultivate collaborations that will help in the interdisciplinary approach to the issues of apartment buildings in a productive way.
PROJECTS UNDER STUDY
- 'ADONIS III' - Polemidia (under construction)
In the Municipality of Polemidia, on Kantaras Street, the construction of a new complex of 29 three-bedroom semi-detached houses called 'ADONIS III' has begun.
The study and design of the project is the product of an architectural competition, it carries modern elements, giving it a distinct and different personality.
- 'DOMETIOS' - Ayios Dhometios (under construction)
The apartment building is located on Pentadaktylou Street in a remote area of Ayios Dhometios, Nicosia. The choice of the area enables potential owners to benefit from financial support from the Ministry of Interior's Housing Revitalisation Scheme for Mountainous, Remote and Disadvantaged Areas.
The apartment building is five stories high and has a total of 15 apartments, 5 one-bedroom, 5 two-bedroom and 5 three-bedroom. The architectural design offers each apartment natural lighting, proper ventilation and a large veranda that contributes to the climate and lifestyle of Cypriot society.
The apartment building includes a pillared area on the ground floor with covered parking spaces, underground parking, storage areas, disabled service areas and the necessary functional equipment.
- 'IOLI' - Pallouriotissa
The CLDC is planning the construction of two modern six-story apartment buildings on Ayios Nicolaos Street, Pallouriotissa, starting next April. The project includes a total of 48 apartments (12 three-bedroom apartments and 36 two-bedroom apartments), allowing for a choice according to the needs of each household.
The location is carefully selected and ensures easy access with frontage to a main road, but at the same time quiet, due to the immediate proximity to a dead end and a public pedestrian street. To the west of the plot is a public green space.
The apartment buildings will be built on top of a pillared ground level with covered parking spaces, storage rooms and all the necessary infrastructure to serve everyday life. At the same time, their design has taken into account the needs of everyone, including people with disabilities.
- 'ERMIONI' - Kaimakli
The five-story apartment building 'ERMIONI' will be erected at 49 Keramikou Street, in Kaimakli and consists of a total of 25 apartments (5 three-bedroom apartments, 15 two-bedroom apartments and 5 one-bedroom apartments), covering different housing needs.
Construction work is expected to begin in April.
The choice of location provides potential owners with the opportunity to benefit from the Ministry of Interior's Housing Revitalisation Plan for Mountainous, Remote and Disadvantaged Areas, which makes acquiring a home even more affordable.
The apartment building has a pillared ground floor with covered parking spaces, storage areas, as well as the necessary infrastructure to serve the disabled. In addition, the necessary functional equipment for the safe and smooth operation of the building is included.
- 'ALEXANDRA' - Lakatamia
The three-story apartment building 'ALEXANDRA' will be built on Acropoleos Street in Lakatamia and will consist of 18 two-bedroom apartments. The architectural design emphasises functionality and quality of living, ensuring each apartment has sufficient natural lighting, proper ventilation and large verandas that meet modern living needs.
The apartment building, the construction of which is expected to begin in March, adjoins a public green space. On the ground floor, covered parking spaces, storage areas, as well as the necessary infrastructure for serving the disabled are provided. At the same time, the necessary functional equipment is included.
This development is part of the affordable housing framework, aiming to provide modern and quality apartments at a reasonable cost for young families and citizens seeking affordable housing.
More information on the projects and the criteria is available, in Greek, on the Corporation's website
(Source: InBusinessNews)
