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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Property developer Cebu Landmasters Inc. (CLI) will donate to the government of Cebu City a 100-unit medium-rise socialized residential condominium complex to shelter informal settlers who need to be evacuated from calamity-prone areas. The five-story residential project, valued at P115 million, will serve as transition housing for informal settlers near rivers, creeks, seas and other …
Continue reading “CLI builds 100-unit Cebu City condo for informal settlers”
VisMin developer Cebu Landmasters Inc. (CLI) topped off its P3.5-billion premier residential tower, 38 Park Avenue, in Cebu IT Park. CLI said the New York City-inspired 38 Park Avenue has a sales value of P5.5 billion and is already 96 percent sold. “This is an amazing project for us. It represents the very strong investing …
Continue reading “Cebu Landmasters, El Camino Developers top off residential tower in Cebu IT Park”
CEBU Landmasters, Inc.’s (CLI) 25 projects for the year are expected to expand the company’s footprint to other key cities in the Visayas-Mindanao (Vis-Min) region, the company said on Thursday. “Our 2021 projects will expand our Vis-Min footprint to cities like Ormoc, Bohol, Bacolod, Dumaguete, Iloilo and other key cities in the region while further …
Continue reading “Cebu Landmasters eyes further expansion through 25 projects”
Cebu Landmasters, Inc.’s (CLI) P983-million project Velmiro Heights in Cagayan de Oro City has sold 75% of its 518 house-and-lot units a month after its market introduction. The project is expected to generate P1.78 billion in sales. “COVID-19 (coronavirus disease 2019) heightened the need for homes offering safety and security not only among wage earners …
Continue reading “Cebu Landmasters’ CDO project sells 75% of units in a month”
Property developer Cebu Landmasters Inc. (CLI) returned to a positive earnings growth path in the first quarter, outperforming the year-ago level even as the impact of the COVID-19 pandemic had yet to be fully felt in the comparative period. CLI, a leading developer in Visayas and Mindanao (Vis-Min) area, grew its attributable first quarter net …
Continue reading “CLI back on growth path, Q1 profit up 25% to P714M”
VisMin developer Cebu Landmasters Inc. reported a 25 percent year-on-year growth in attributable net income to P714 million in the first quarter of 2021 while consolidated net income improved 12 percent to P725.2 million. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues increased 11 percent to P2.35 billion in the …
PROPERTY developer Cebu Landmasters, Inc. (CLI) entered a P3-billion notes facility agreement with BPI Investment Management, Inc. (BIMI) to partially fund the P12-billion capital expenditure (capex) set for the year. “We fully intend to live up to our obligations and ensure mutual value and success for our investors,” Beauregard Grant L. Cheng, chief finance officer …
Continue reading “Cebu Landmasters enters P3-B notes facility to partially fund capex”
CEBU Landmasters, Inc. (CLI) and the Archdiocese of Cebu broke ground for mixed-use development Patria de Cebu at Cebu City’s heritage trail, the listed property developer disclosed to the exchange on Monday. Patria de Cebu’s groundbreaking is said to be “timed to also celebrate the 500th year of Christianity in the Philippines.” The 21,000-square meter (sq.m.) …
Continue reading “CLI, Archdiocese of Cebu break ground for mixed-use development”
Property developer Cebu Landmasters Inc. (CLI) expects to return to its 15- to 20-percent historical earnings growth track this year after the extraordinary challenges brought about by the new coronavirus disease (COVID-19) pandemic pared its earnings in 2020. CLI’s attributable net income slipped by 8 percent to P1.85 billion last year while consolidated revenue hit …
Continue reading “Cebu Landmasters expects to regain growth momentum”