The Cyprus Land Development Organisation (Koag) is set to sign two more contracts in the coming days for affordable homes and apartments, as it pushes ahead with a broader housing pipeline across Limassol and Nicosia.

Official project material and recent reporting show the organisation is advancing sale and rental schemes as part of a wider affordable housing programme.

The first of the two contracts concerns Adonis III in Pano Polemidia, Limassol, which will include 29 three-bedroom semi-detached houses.

The second concerns Alexandra in Lakatamia, a three-storey block with 18 apartments.

Both projects are intended for sale at affordable prices to eligible beneficiaries under Koag’s criteria.

Koag is also preparing two more projects in Nicosia. Ermioni, on Keramikou Street in Kaimakli, will comprise 25 apartments, five three-bedroom, 15 two-bedroom and five one-bedroom units.

Ioli, in Pallouriotissa, will consist of 48 apartments across two apartment buildings, including 12 three-bedroom and 36 two-bedroom units.

Koag’s project material lists Ioli on Ayiou Nikolaou street and indicates a planned start in April 2026.

In addition, planning permit applications have already been submitted for two further projects in the capital.

The first concerns Koag’s first affordable rental project in Nicosia, in Ayios Vasilios, Strovolos, with 54 two-bedroom apartments.

A separate application has also been submitted for a development in Aglandjia with capacity for 57 apartments.

Meanwhile, construction is continuing on the organisation’s first affordable rental project in Ayios Nikolaos, Limassol, which will include 138 apartments across four six-storey buildings.

Of those, 24 will be one-bedroom, 72 two-bedroom, 36 three-bedroom and six four-bedroom units.

Ninety-four apartments will remain with Koag, while 44 will be allocated to Limassol municipality.

The cost of this phase is expected to exceed €22 million.

Procedures are also under way for the Ayios Ioannis area which, together with the Ayios Nikolaos development, is expected to deliver around 600 apartments in Limassol.

Recent reporting also said the affordable-rent projects in Limassol and Strovolos were backed by €28 million in state funding.