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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CEBU, Philippines — Cebu Landmasters Inc., (CLI) is determined to pursue 27 projects in the pipeline, despite COVID-19 distractions. In its 2020 Annual Stockholders’ Meeting held yesterday via zoom, CLI chairman and chief executive officer (CEO) Jose R. Soberano III announced that 14 of the total planned projects are to be laid down in 2020, …
Continue reading “CLI remains bullish, projects still on track”
Residential developer in VisMin Cebu Landmasters reported yesterday solid Q1 2020 growth of 13 percent year-on- year in consolidated revenues from ₱1.87 billion to ₱2.1 billion. The increase in revenue was driven by robust sales from various segments and sustained construction of new developments alongside growing contributions from its expanding recurring business. Net income amounted …
Continue reading “CLI reports 13% growth in first quarter revenues”
COVID-19 has upended economies, businesses and personal finances around the world, but opportunities remain in a few sectors. Real estate heads point out that ‘those who choose to take an early position will have a better investment portfolio.’ One of the lessons the 2007-2008 global financial crisis taught investors is that those who panic-sold were …
Continue reading “Is 2020 the right time to buy property or should you wait?”
Cebu-based firm CLI gives bonus pay, health kits to workers MANILA, Philippines — Property developer Cebu Landmasters Inc. (CLI) on Thursday said that as construction continues in 10 areas in the Visayas and Mindanao region, it will have the early release of its 14th month pay to its regular workforce, who are mostly based …
Cebu Landmasters, Inc. (CLI) signed last March 5 an ₱8-billion corporate notes facility agreement to finance strategic land acquisitions in new expansion areas of Puerto Princesa, Leyte, Butuan and General Santos as well as cities where it already operates, namely: Cebu, Bohol, Bacolod, Cagayan de Oro and Davao. “Part of the proceeds will also fund …
Continue reading “CLI to issue ₱8 billion worth of corporate notes”
PROPERTY developer Cebu Landmasters Inc. on Tuesday said it expects some P900 million in revenues from its residential development in Dauis, Bohol, targeted at the growing middle market segment in the Visayas and Mindanao. The company said it launched the 204-unit Velmiro Greens Bohol, which it hopes to complete in 2023. The development offers townhouse …
Continue reading “CLI expects P900-million revenues from Bohol project”
CLI declares ₱0.25 cash dividend Visayas and Mindanao (VisMin) residential developer Cebu Landmasters, Inc. (CLI)announced a 25 centavos per share cash dividend on the back of the company’s robust financial performance. Shareholders on record as of April 3, 2020 will be entitled to the dividends and will be paid on April 30, 2020. This is …
PROPERTY developer Cebu Landmasters Inc. (CLI) announced a cash dividend of 25 centavos per share to its shareholders on the back of the company’s robust financial performance. The cash dividend amounting to 25 centavos per share was approved during the Feb. 19, 2020 board meeting held in Citadines Cebu City. Shareholders on record as of …
Continue reading “Property developer declares cash dividend”
In a statement on Monday, the Visayas-Mindanao (VisMin) property firm said that its reservation sales registered at P12.67 billion, higher than the year-earlier P9.6 billion and its target of P12.5 billion. The bulk or 58 percent of the sales came from Cebu City projects. Davao City contributed 15 percent; Cagayan de Oro, 13 percent; Bacolod, …