NEWS & UPDATES

We share with you regular news and updates on our company performance and the progress of our developments.

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  • Luxury resort living: Cebu Landmasters sets the benchmark of tomorrow

    July 29, 2021

    Opening in 2024, the new and improved Abaca Resort Mactan promises to usher in the new era of Cebu Landmasters Inc. and its CLI Premier Hotels Inc., being at the forefront of the very best that Cebu tourism can offer. Through the years, the Abaca Resort Mactan has already notched an enviable reputation as one …

  • Cebu Landmasters, Megaworld begin staff vaccination

    July 13, 2021

    CEBU Landmasters, Inc. and Megaworld Corp. started their respective employee vaccination programs last week, the listed property developers said in separate statements on Monday. Cebu Landmasters said it began inoculating employees last Friday at the Velez Medical Arts Building. The Visayas-Mindanao property developer said it joined the private sector, led by ICTSI Foundation, in acquiring …

  • CLI reservation sales up 14% in H1

    July 6, 2021

    Listed Cebu Landmasters Inc. (CLI) posted record high reservation sales of P8.5 billion in the first half of the year, up 14 percent from P7.4 billion year-on-year, as it saw sustained housing demand. The Visayas-Mindanao developer in a disclosure on Monday said that it recorded P5.2 billion sales in the second quarter alone, surpassing the P4.6 billion a …

  • CLI builds 100-unit Cebu City condo for informal settlers

    June 21, 2021

    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 …

  • Cebu Landmasters, El Camino Developers top off residential tower in Cebu IT Park

    June 9, 2021

    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 …

  • Cebu Landmasters eyes further expansion through 25 projects

    May 28, 2021

    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 …

  • Cebu Landmasters’ CDO project sells 75% of units in a month

    May 24, 2021

    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 …

  • CLI back on growth path, Q1 profit up 25% to P714M

    May 18, 2021

    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 …

  • CLI posts P714-M net income

    May 17, 2021

    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 …