The Cyprus Land Development Organization (KOAG) has officially moved into the implementation phase of its latest residential venture, ADONIS III. On April 3, 2026, the organization formalized its partnership with A. Aristotelou Construction Ltd to develop a modern housing block in Polemidia, specifically designed to support the national affordable housing policy.
Located on Kantaras Street, the development will consist of 29 three bedroom semi detached homes. According to a KOAG press release, the project aims to provide high quality, reliable housing solutions for modern families in a rapidly developing area.
Award-winning design and modern aesthetics
The architectural identity of ADONIS III is the result of a specialized design competition. The final plans emphasize clean, contemporary lines that prioritize both privacy and daily functionality.
Key features of the residences:
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Spacious Layouts: Each home features three bedrooms and flexible interior spaces tailored for family life.
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Modern Amenities: Units include covered parking and integrated video entry systems for enhanced security.
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Privacy Focused: The site layout is engineered to ensure a quiet, high quality living environment for all residents.
Commitment to sustainability and energy efficiency
A core pillar of the project is the reduction of both the environmental footprint and the long term cost of living for its future inhabitants.
The homes are built to Energy Class A standards, incorporating:
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Photovoltaic Systems: Solar energy generation for every unit.
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Advanced Insulation: Use of high grade thermal materials and external thermal facade systems to regulate indoor temperatures efficiently.
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Green Infrastructure: Technical specifications that meet the latest environmental and safety regulations.
Application timeline and eligibility
As part of KOAG’s mission to provide accessible housing, these homes are targeted at citizens seeking modern specifications at competitive prices.
The organization expects to officially announce the sale prices in May 2026. Following the price reveal, the formal application process will open for interested parties. Potential buyers are encouraged to prepare their documentation in advance to meet the anticipated high demand for this suburban development.
Source: Stockwatch.com.cy