NEWS & UPDATES

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

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  • Cebu Landmasters enters P3-B notes facility to partially fund capex

    May 4, 2021

    PROPERTY developer Cebu Landmasters, Inc. (CLI) entered a P3-billion notes facility agreement with BPI Investment Management, Inc. (BIMI) to partially fund the P12-billion capital expenditure (capex) set for the year. “We fully intend to live up to our obligations and ensure mutual value and success for our investors,” Beauregard Grant L. Cheng, chief finance officer …

  • CLI, Archdiocese of Cebu break ground for mixed-use development

    April 20, 2021

    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.) …

  • Cebu Landmasters expects to regain growth momentum

    April 8, 2021

    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 …

  • Cebu Landmasters earmarks P12B for 2021 capex

    April 7, 2021

    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 …

  • Cebu Landmasters says VisMin demand buoys 2020 revenues despite pandemic

    April 7, 2021

    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 …

  • Cebu Landmasters newest condo launch 60% sold in 3 weeks

    March 27, 2021

    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, …

  • Cebu Landmasters declares cash dividend

    March 17, 2021

    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 ventures into co-living with P360-M joint venture

    March 11, 2021

    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. …

  • Casa Mira: Homes that give more

    March 8, 2021

    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. …