TOPCY 60 – Psematismenos, Larnaca

TOPCY 60 is a coastal resort villa complex developed by Topcy Construction & Development in the village of Psematismenos in the Larnaca district, on the southern coast of Cyprus. The complex consists of 26 villas divided into 5 rows (A, B, C, D, E) with options ranging from 2 to 4 bedrooms, most of which feature private pools and roof gardens.

The project is dual-positioned for the Vietnamese market: as a coastal holiday second home and as an investment property for tourist rentals. The location near the Zygi coast – one of the most famous fishing villages in Cyprus with a marina and fresh seafood – combined with a reasonable starting price, makes TOPCY 60 a suitable choice for families looking to combine residency and investment.

TOPCY 60 Features

5 villa rows with varying sizes and layouts:

• Rows A1-A5 (townhouse): 5 adjacent units with 3+1 bedrooms, 3 bathrooms, plot size 426-428 m², 2 floors plus a 27 m² roof garden, 118 m² coverage, with private pool.
• Rows A6-A7 (large villa): 2 units with 3+1 bedrooms, plot size 657-664 m² – the largest plots in the project, 141-143 m² coverage, 34 m² roof garden.
• Rows B1-B5: 5 detached 3-bedroom villas, plot size approximately 400 m², 107 m² coverage, 25 m² roof garden, with pool.
• Rows C1-C5: 5 3-bedroom villas, plot size 416-436 m², 120 m² coverage, with pool.
• Rows D1-D5: 5 1-storey 2-bedroom bungalows, plot size 368-378 m², 83 m² coverage, 22 m² roof garden. The project's entry-point option.
• Rows E1-E4: 4 3-bedroom villas with direct sea views, plot size 479-537 m² – the most prime location in the area (currently sold out).

Psematismenos – Zygi – the investment case

Psematismenos is a coastal village in the Larnaca district, adjacent to the fishing village of Zygi, which is famous for the Zygi Marina for sailboats and yachts. The area features natural beaches, clear Mediterranean waters, traditional Cyprus fresh seafood restaurants, and characteristic fishing village architecture.

The location offers excellent transport links: approximately 30 km from Larnaca International Airport – a 25-minute drive, and approximately 35 km from the centre of Limassol – a 30-minute drive via the A1 motorway. The area is currently developing its tourism infrastructure with resorts and leisure amenities.

Feasible activities for families: fishing, boating, water sports, and coastal walks.

Topcy Construction & Development – the developer

Topcy Construction & Development Ltd was established in 2016 in Nicosia and has developed over 40 real estate projects with more than 200 units across three major cities in Cyprus. The company operates in three complementary sectors: construction, project development, and post-handover property management – particularly suitable for foreign owners who are not yet residing in the country.

Cyprus Permanent Residence Programme

Most units in TOPCY 60 meet the minimum investment threshold of €300,000 for the Cyprus Permanent Residency programme under Regulation 6(2). Buyers, along with their spouse and children under 18 (or students under 25), are granted permanent residence within 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

A reduced VAT rate of 5% (instead of the default 19%) applies to the first 200 m² when purchased as a primary residence. In cases where the property is purchased for rental, the 19% VAT may be refunded according to regulations.

Note: Cyprus is expected to join the Schengen Area in 2026 – an event that will significantly increase property values and freedom of movement for holders of Cyprus permanent residence. The Psematismenos – Zygi area is developing its tourism infrastructure, offering potential for short-term rental exploitation for summer tourists.