Third large construction site in Fasouri - Construction fever, with 315 + 52 houses

The recent crisis caused by the abolition of the Cyprus investment program, left almost unaffected the progress of projects in the Fasouri area of Limassol, where a new city has already begun to take shape. After the casino-resort and the start of plot separation at the Limassol Greens Golf Resort, a third large construction site was set up in the area.

Sunset Gardens is considered as the first integrated residential community in Cyprus, with a total of 315 homes. Preliminary works, such as earthworks and the creation of the public road network, started at the end of October and are nearing completion, while foundation work on three buildings and the communal swimming pool are well in progress.

The goal is for the first 115 apartments to be handed over to their owners, by the middle of 2022. As pointed out by Sunset Gardens CEO, Nikolas Agiomamitis, "with this project, Imperio offers young couples the opportunity to get their first home at affordable prices. The interest from potential buyers ", he pointed out,  especially from young professionals and young couples is great, even during the difficult period we are going through ". Indicative of that is the fact that over last four months more than 70 apartments have been sold.

Next to the casino and just 800 meters from Lady’s Mile, the CNS Group will build the Citrine Estates. The residential project will have 29 modern apartments, 13 houses and 10 three- and four-bedroom villas. Each house will have its own swimming pool. Citrine Estates is part of a wider development planned by Cyprus Phassouri Ltd in the region. When completed, it is expected to accommodate 1,400 new residents, while the office buildings to be constructed will employ about a thousand people. The project concerns the separation of existing plots into 78 development plots, road network, social equipment space and public green spaces, which will amount to 15,6% of the area.

 

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