TOPCY 53 – Latsia, Nicosia

TOPCY 53 is a high-end detached villa developed by Topcy Construction & Development Ltd, located in one of the most affluent residential areas of Nicosia. The villa sits on a 735 m² plot with a total built area of 459 m², arranged over a ground floor plus a basement with a private gym and a changing area next to the pool.

The project location is convenient for Vietnamese citizens settling in Cyprus under the permanent residency programme: close to quality public and private schools, large supermarket chains, pharmacies, public pools, and just a few minutes' drive from the Mall of Cyprus and Nicosia General Hospital.

TOPCY 53 Features

The villa comprises 4 bedrooms, including a master bedroom with a walk-in closet and en-suite bathroom, 4 bathrooms in total, an open-plan living room – kitchen – dining area, and a separate service area (laundry and service room). The ground floor has 262 m² of interior space plus a 45 m² covered veranda and a 23 m² storage room.

The 72 m² basement houses a gym and technical room, plus a 22 m² changing area next to the pool and 35 m² of covered parking. The pool is located in the private garden behind the villa.

High-end finishes to Topcy standards: Energy Efficiency Class A+, double-glazed low-e glass with aluminium frames for doors and windows, 33 cm thick walls for superior insulation, high-quality kitchen countertops, premium Italian-style wardrobes – kitchen cabinets – bathroom vanities, and high-quality Spanish ceramic tiles.

Latsia – the investment case

Latsia is one of the most prestigious areas of the capital, Nicosia, with a population primarily consisting of the local middle – upper class and expatriates working in Cyprus. The area features an English-language bilingual private school system, specialist medical services, and complete urban infrastructure.

Nicosia is the only capital in Europe located inland (not bordering the sea) and serves as the administrative, financial, and educational centre of Cyprus. Larnaca International Airport is approximately 50 km from the centre of Nicosia – a 40-minute drive.

Topcy Construction & Development – the developer

Topcy Construction & Development Ltd was established in 2016 in Nicosia. The company has developed and delivered over 40 real estate projects with more than 200 apartments – villas in three major cities of Cyprus: Nicosia, Limassol, and Larnaca. Topcy provides a full range of three services: construction, project development, and post-handover property management.

Cyprus Permanent Residence Programme

TOPCY 53 fully meets the investment conditions for the Cyprus Permanent Residency programme under Regulation 6(2) with a minimum investment of €300,000 for new property from a developer. Buyers, along with their spouse and children under 18 (or students under 25), are granted permanent residence with a processing time of 2-3 months via the fast-track process. Permanent residence is valid for life, requires no renewal, and only necessitates a visit to Cyprus at least once every 2 years.

Tax Advantages and Yield

Purchasing TOPCY 53 as a primary residence qualifies for a reduced VAT rate of 5% (instead of the default 19%) for the first 200 m². Cyprus is expected to join the Schengen Area in 2026, significantly increasing freedom of movement and property value for holders of permanent residence.