New Build Apartments Larnaca: Luminous Residence II, Kamares — 18 Apartments at First Release Near the New Marina Corridor, All Available
Published 30 September 2026 by Kefah Abu Gosh
Published 30 September 2026 by Kefah Abu Gosh
Published 30 September 2026 by Kefah Abu Gosh
TL;DR — New build apartments Larnaca buyers can choose from an untouched plan: Luminous Residence II opens with 18 of 18 units available — one- and two-bedroom apartments across two blocks (A and B) in Kamares, a short drive from the coastal boulevard and the marina, with fitted designer kitchens, thermal double glazing, covered parking and storage. Current listings include ground-floor two-beds A001 (81 m²), A002 (80 m²) and B001 (80.5 m²). Pricing on registration. Project details.
The value of an empty price list
Every building on abuda goes through the same arc: first release, when every unit is open and the price list is at its lowest; mid-sale, when the best floors go and the list steps up; and the final units. Luminous Residence II is at the very start. That gives a buyer three things later purchasers will not have: choice of floor, block and orientation across all 18 units; the opening price before any step-up; and the longest payment schedule, spread over the whole build.
Kamares is the residential district on Larnaca's inland side, named for the Ottoman-era aqueduct, with the highway junction, the town's retail and the coastal boulevard all a few minutes away. It prices as inland Larnaca — abuda's district presale benchmark is a typical €2,300/m² (range €2,200–2,700) — while sitting a short drive from the port and marina, the subject of a preliminary €415m estimate for a phased programme running to 2045 (Cyprus Ports Authority, July 2026). Larnaca apartment prices rose 11.7% year on year in Q1 2026 (Central Bank of Cyprus RPPI). Buyers comparing Kamares with the coast and the centre can buy property in Larnaca across all districts from the same page.
Specification
- 18 apartments in two blocks (A, B); 1 and 2 bedrooms
- Available now: 18 of 18 — including A001 (81 m²), A002 (80 m²), B001 (80.5 m²), ground-floor two-beds with 2 bathrooms
- Open-plan living; fitted designer kitchens; thermal double glazing
- Covered parking; allocated storage
- Moments from the coastal boulevard, municipal amenities and the highway
- Pricing on registration
Who Luminous Residence II is for
- Investors building a small portfolio. Take two or three units in one block at the opening list; a ground-floor two-bed with a terrace and an upper-floor one-bed cover both rental segments.
- Own-use buyers who want to choose. Block, floor, aspect — all still open.
- Budget-conscious first-time buyers in Cyprus. Inland Larnaca pricing with the district's lowest running costs, near the highway for anyone commuting to Nicosia or the airport.
How does an off-plan payment plan work in Cyprus?
An off-plan payment plan Cyprus developers offer at first release is the buyer's main financing tool, and it is why early purchase costs less in cash terms as well as in price. Typically: a reservation fee (fixed sum or a small percentage) holds the unit for two to four weeks; 30–35% is paid on signing the Contract of Sale; the balance follows in instalments tied to verified construction stages — foundations, frame, roof, finishes — with the last tranche on delivery. Payments are made to the developer against milestones confirmed by the project architect, and the 2026 Specific Performance Law adds the five-day search certificate, the bank's release undertaking at 95% and specific-performance rights on Land Registry deposit. Cyprus banks lend to non-residents at 50–70% loan-to-value, usually drawn at delivery. The cost of buying property in Cyprus beyond the plan — 19% VAT (5% for a qualifying primary residence), ~1% legal, no stamp duty, no transfer fees — is set out in the Cyprus Buying Guide.
Where it fits
Kamares' other release: Victoria 25 (rooftop infinity pool). Other first-release buildings in Larnaca this month: Velvet Residence (7 of 8), Destiny Residence (7 of 9) and Nova-Lane Residence (10 of 12).
Request a briefing
hello@abuda.com · WhatsApp +49 172 983 1161 · Luminous Residence II project page.
Frequently asked questions
Q. Where is Luminous Residence II? A. Kamares, Larnaca — inland residential district a few minutes from the coastal boulevard, the highway and the marina. Q. What is for sale? A. All 18 apartments across two blocks — one- and two-bedrooms, including ground-floor two-beds of 80–81 m² — with designer kitchens, parking and storage. Q. How does the payment plan work? A. Reservation → 30–35% at contract → milestone instalments against construction stages → balance on delivery; bank finance at 50–70% LTV available to non-residents. Q. Why buy at first release? A. Full choice of units, the opening price list before step-ups, and the longest payment schedule. Q. Is pricing published? A. Pricing and the payment schedule are released on registration.