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 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”
Cebu Landmasters Inc. (CLI) has allocated P12 billion for its capital expenditure this year, mainly to finance the company’s landbank expansion and doubling its gross leasable area (GLA). In a regulatory filing, CLI said the capex will be used to buy more land and complete the development of its Latitude Corporate Center which will almost …
Continue reading “Cebu Landmasters earmarks P12B for 2021 capex”
MANILA – Cebu Landmasters Inc said Wednesday its consolidated revenues reached P8.3 billion in 2020 slightly lower than the previous year, buoyed by the demand in the Visayas and Mindanao’s housing market. The 2020 consolidated revenue “closely” matches 2019’s P8.5 billion while the parent net income is at P1.8 billion, CLI said in a disclosure …
Continue reading “Cebu Landmasters says VisMin demand buoys 2020 revenues despite pandemic”
Cebu Landmasters sells nearly 60% of units in new condo project Listed property developer Cebu Landmasters, Inc. (CLI) launched its newest condominium project Mandtra Residences with nearly 60% of units in the first tower sold after three weeks. Mandtra Residences is the first in the list of projects CLI is collaborating with Cebu Homegrown Developers, …
Continue reading “Cebu Landmasters newest condo launch 60% sold in 3 weeks”
Cebu Landmasters, Inc. declared a regular cash dividend following the company’s stellar performance in 2020, a development that highlighted its resilience despite disruptions brought about by the pandemic. The cash dividend equivalent to 25 centavos per share was approved during the board meeting held today, March 16, 2021. Shareholders on record as of [April 16, 2021] will be entitled to …
Cebu Landmasters Inc. (CLI) has inked a P360-million joint venture for a mixed-use development with co-living spaces and transient housing in Cebu nearby the IT Park. Dubbed as the Sugbu Prime Estate, the joint venture is a 7,500-square meter property along Banilad and nearby Cebu IT Park which houses several business process outsourcing (BPO) firms. …
Continue reading “Cebu Landmasters ventures into co-living with P360-M joint venture”
Miracles are happening—or, more specifically, being built. Homegrown developer Cebu Landmasters Inc. (CLI) has delivered miracles every time it brought a new Casa Mira development to the market. The Casa Mira brand may seem “too good to be true,” but it has now helped thousands of hardworking Filipinos fulfill their dream of owning quality homes. …
MANILA – Cebu Landmasters Inc said Friday it would roll out more of its economic housing brand in 4 key cities in Visayas and Mindanao to serve “massive demand” pushed by the pandemic. A housing backlog in Visayas and Mindanao “became very apparent” in 2020, CLI chief executive officer Jose Soberano III said in a …