NEWS & UPDATES

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

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  • CLI ventures into estate dev’t in Visayas and Mindanao regions

    October 27, 2018

    Following the record take-up rates of its horizontal and vertical residential projects, Cebu Landmasters, Inc. (CLI)is expanding into estate development to further solidify its market leadership in the Visayas and Mindanao regions. The listed developer and largest home-grown player in VisMin identified close to 200 hectares for estate development in the cities of Cebu, Mandaue, …

  • CLI 9-month reservation sales soar to P6B

    October 11, 2018

    RESERVATION sales of Cebu Landmasters, Inc. (CLI) surged in the first nine months of 2018, driven by interest in both its economic housing and high-end projects. In a statement issued Wednesday, the Cebu-based property developer said reservation sales jumped 69% to P6.17 billion in the nine months ending September. This represents 88% of the company’s …

  • Cebu Landmasters uses up IPO proceeds

    September 20, 2018

    CEBU Landmasters, Inc. (CLI) reported that it had fully used up the P2.15 billion raised after the company’s initial public offering (IPO) last year, bringing its land bank of properties to almost a million square meters. In a disclosure to the stock exchange on Wednesday, the listed property developer said around 70% of the funds …

  • Cebu Landmasters nets P826M in first half

    August 14, 2018

    EARNINGS of Cebu Landmasters, Inc. (CLI) jumped by a third during the first six months of 2018, lifted by higher sales from its residential business amid ongoing expansion in the Visayas and Mindanao markets. In a statement released on Monday, the listed property developer said net income hit P826 million in the January to June …

  • CLI to develop P3.6-B mixed-use project in Cebu

    August 10, 2018

    CEBU Landmasters, Inc. (CLI) has unveiled a P3.6-billion mixed-use project in Cebu which will include a mall, office spaces, residential units, and a hospitality component. In a statement issued Thursday, the listed property developer said it will develop the two-tower Astra Centre on a 1.2-hectare lot on A.S. Fortuna St. in Mandaue City. The project …

  • CLI to invest P5 billion to double hospitality business in Visayas and Mindanao

    July 27, 2018

    REAL-ESTATE developer Cebu Landmasters Inc. (CLI) said on Thursday it will be needing around P5 billion to achieve its target to double the number of apartment units—from 804 to 1,600—by 2022, across four or five serviced residences in the Visayas and Mindanao (VisMin) regions under The Ascott Limited (Ascott) brands. CLI CEO Jose Soberano III estimated the …

  • Cebu Landmasters raising P5 billion from notes issue

    July 23, 2018

    CEBU Landmasters, Inc. (CLI) signed on Friday a P5-billion corporate notes facility agreement, with the proceeds to be used to acquire land in various cities and develop a business hub in Davao City. “The proceeds of the notes will be used for the strategic land acquisition of the company in Cebu, Dumaguete, Bacolod, CDO, and …

  • Cebu Landmasters raising P5 billion from notes issue

    July 23, 2018

    CEBU Landmasters, Inc. (CLI) signed on Friday a P5-billion corporate notes facility agreement, with the proceeds to be used to acquire land in various cities and develop a business hub in Davao City. “The proceeds of the notes will be used for the strategic land acquisition of the company in Cebu, Dumaguete, Bacolod, CDO, and …

  • Cebu Landmasters records P4.6-billion reservation sales in H1

    July 10, 2018

    PROPERTY developer Cebu Landmasters Inc. (CLI) posted a record 61-percent growth in reservation sales to P4.6 billion in the first six months of the year on the back of a strong demand for its projects. The figure is 65 percent of the company’s year-round goal of P7 billion and already surpassed its full-year 2017 reservations …