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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Strong sales drive CLI earnings higher CEBU Landmasters, Inc. (CLI) reported a 23% increase in its net income attributable to parent during the first three months of 2019, on sustained sales of its projects in Cebu. The listed property developer said attributable net income stood at P599 million in the first quarter, higher than …
CEBU Landmasters, Inc. (CLI) is allocating P13 billion for capital expenditures this year, as it plans to launch 29 projects worth P25 billion. In a briefing held in Taguig City on Thursday, CLI President and CEO Jose R. Soberano III said of the capex for 2019, 79% will be used for project development in Visayas …
DAVAO CITY — Cebu Landmasters, Inc. (CLI), through its joint venture firm YHEST Realty and Development Corp., is looking at borrowing P2.5 billion for the first phase of its P33-billion Davao Global Township project. Jose R. Soberano III, CLI president and chief executive officer and YHEST chair, said while the company currently has enough funds …
Continue reading “CLI mulls P2.5-B loan for Davao Global Township”
CEBU Landmasters, Inc. (CLI) is partnering with the Villa-Abrille clan to develop a site currently occupied by 22-hectare golf course into a new business district, the company told the stock exchange on Friday. The Davao Global Township (DGT) project, which the company valued at P33 billion, will be executed via YHEST Realty and Development Corp., …
Continue reading “Cebu Landmasters JV to develop new business district in Matina, Davao City”
CEBU CITY, Philippines – Cebu Landmasters Inc. (CLI) and Borromeo Brothers Estate Inc. (BBEI) are eyeing another real estate project that is set to be announced in the middle or the 3rd quarter this year. CLI chief executive officer Jose Soberano III bared their plans of another project during the topping off of Latitude Corporate …
HOMEGROWN property developer Cebu Landmasters Inc. (CLI) is collaborating with The Ascott Limited to put up more hotel projects in the Visayas and Mindanao. Jose Soberano III, chief executive officer of CLI, said the company sees opportunity as the projected growth in tourist arrivals would require additional capacity. “The Philippines pales in comparison to our …
Continue reading “Cebu Landmasters, Ascott partner for hotel expansion in Visayas, Mindanao”
Leading developer in VisMin Cebu Landmasters CEO Jose Soberano III, was chosen to speak on behalf of the Philippine taxpayers during the BIR National Tax Campaign Kick-Off on Feb 1 at the Philippine International Convention Center in Pasay City. “There are real benefits that redound to business if we have the willingness to support our …
Continue reading “CLI CEO represented taxpayers in 2019 BIR national tax campaign kick-off”
Property developer Cebu Landmasters Inc. (CLI) is building a portfolio of office, retail and hotel property assets to create a stream of recurring earnings that would account for about a tenth of total business by 2023. In a disclosure to the Philippine Stock Exchange on Thursday, CLI said that by 2023, gross leasable area would …
MANILA, Philippines — Cebu Landmasters Inc. (CLI), the listed property developer focused on the Visayas and Mindanao region, has exceeded its reservation sales target for 2018 of P7 billion. In a disclosure yesterday, CLI said it churned in P8.54 billion reservation sales last year, surpassing its P7 billion target by 22 percent and exceeding the …
Continue reading “Cebu Landmasters breaches 2018 sales target”