NEWS & UPDATES
We share with you regular news and updates on our company performance and the progress of our developments.
We share with you regular news and updates on our company performance and the progress of our developments.
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The Soberano family’s Cebu Landmasters Inc. (CLI) said real estate prospects remained strong in the Visayas and Mindanao despite a slowdown in the broader economy caused by the COVID-19 pandemic. The company said reservation sales, an indication of future revenue, jumped 41 percent to P7.44 billion in the first semester of 2020. This was mainly …
Cebu Landmasters Inc. (CLI) has kept its credit rating by a local debt watcher for its outstanding P5-billion bonds issued in 2018. In a statement on Monday, the Philippine Rating Services Corp. (PhilRatings) said it had maintained the PRS Aa credit rating for CLI’s corporate notes. The PRS Aa rating is the second highest issue …
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AFTER a two-year review, the Department of Environment and Natural Resources (DENR) has awarded an environmental compliance certificate (ECC) for the 100-hectare Minglanilla reclamation project in Cebu, according to Cebu Landmasters, Inc. (CLI). In a statement Friday, CLI said that after the issuance of the ECC, the reclamation project is now subject for approval under …
Continue reading “DENR grants environmental compliance certificate to Cebu reclamation project”
MANILA – Cebu Landmasters Inc said Friday its 100-hectare reclamation project in Cebu City received an environmental compliance certificate (ECC) after a 2-year review period. The Department of Environment and Natural Resources has issued an ECC to Ming-Mori Minglanilla reclamation project on July 22, Cebu Landmasters told the stock exchange. “The next stage is to …
Continue reading “Cebu Landmasters says 100-hectare reclamation project gets DENR nod”
PLAYERS in Cebu’s real-estate industry are adopting new ways of doing business as the Covid-19 situation takes its toll on the local economy. During a Cebu property webinar hosted by leading property expert Santos Knight Frank, representatives from the real-estate sector identified strategies that range from work-from-home schemes to repurposing facilities which will help continue …
Continue reading “Cebu real-estate players pivot businesses during quarantine period”
CEBU Landmasters, Inc. (CLI) recorded a 41% increase in sales during the first half of 2020 on the back of high demand for affordable housing despite the coronavirus disease 2019 (COVID-19) pandemic. In a statement Wednesday, the property developer said its sales reached P7.43 billion in the six months to June, mostly coming from residential …
Continue reading “Cebu Landmasters posts 41% sales boost in first half”
Property developer Cebu Landmasters Inc. (CLI) reported a 41 percent year-on-year growth in residential reservation sales in the first semester as end-user demand for affordable homes remained robust despite lockdown restrictions prompted by the coronavirus (COVID-19) pandemic. A significant 40 percent of sales came from projects in Cebu City, where the enhanced community quarantine was …
Continue reading “Despite COVID-19, CLI’s H1 housing sales up 41%”
Shares of property firm Cebu Landmasters Inc. (CLI) remained resilient despite the coronavirus disease 2019 (Covid-19) global pandemic. CLI’s shares finished 0.47 percent better to P4.30 apiece last week, improving its week-on-week performance by 6.17 percent. Philstocks Financial Inc. research associate Piper Chaucer Tan said the company’s resilience in terms of its earnings, along with …
Continue reading “Cebu Landmasters’ shares remain resilient”
Despite constraints from coronavirus-triggered lockdown measures starting mid-March, property developer Cebu Landmasters Inc. (CLI) saw a 20 percent year-on-year growth in first semester reservation sales, seen as an affirmation of resilient demand in its Visayas-Mindanao bailiwick. CLI disclosed to the Philippine Stock Exchange on Wednesday that it had sold P3.4 billion worth of homes or …
Continue reading “CLI’s H1 housing sales up 20% despite lockdown constraints”