THE founder of publicly-listed Cebu Landmasters Inc. said he is keen on expanding the property development company’s portfolio to include the lower-end market and help address the county’s challenge of dealing with informal settlements.

In an interview with reporters yesterday, CLI President Jose Soberano III said the company has embarked on its first collaboration for a low-rise vertical housing project in Inayawan, Pardo with Pagtambayayong-A Foundation for Mutual Aid, Inc.

“While they (informal settlers) are comfortable in their present abode, it might be better really for the government to encourage vertical living and give these residents an opportunity to own their houses or units,” said Soberano at the sidelines of the groundbreaking of Phase 3 of Mivesa Garden Residences in Barangay Lahug in Cebu City.

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