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 cements foothold, leadership in VisMin

    December 5, 2020

    Founded on passion, expertise and humility, Cebu Landmasters Inc. finds itself rightfully at the peak of its game—an exceptional leap from where it was 17 years ago. While the idea for a property company did stem from an accidental discovery of a business opportunity, this homegrown property developer was able to carve a niche at …

  • Profit of Cebu Landmasters slides in Q3, but nine-month total nears pre-pandemic level

    November 17, 2020

    CEBU LANDMASTERS, Inc. posted an attributable net income of P709.78 million in the third quarter, slowing by 11% from last year but growing more than triple from P219.57 million in the second quarter. In a regulatory filing, the Cebu-based property developer said it generated total revenues of P2.2 billion in the three-month period, down 10% …

  • CLI’s 9-month housing sales up 14% despite pandemic

    October 23, 2020

    Visayas and Mindanao-focused property developer Cebu Landmasters Inc. has sold 14 percent more houses in the first nine months compared to last year when the coronavirus (COVID19) pandemic was not yet in the picture. As such, CLI sees itself on track to surpass its 2019 sales performance in spite of the challenges brought about by …

  • CLI completes P1.2 billion Mesaverte project in CDO

    September 29, 2020

    Cebu Landmasters Inc. (CLI), the listed Visayas and Mindanao property developer, has completed the P1.2 billion Mesaverte Residences in Cagayan de Oro City. Jose Soberano III, CLI chief executive officer said VisMin buyers in general are on the lookout for good value housing. “We’re happy that the quick takeup of our units affirms we are …

  • Abaca shortlisted for World Travel Awards

    August 25, 2020

    THE Abaca Boutique Resort in Cebu has been nominated as Asia’s Leading Boutique Beach Resort 2020 and Asia’s Leading Boutique Resort 2020 in the 27th World Travel Awards (WTA). Abaca, which is currently closed for redevelopment, is the only resort in the Philippines that was nominated for the awards. “It is with great excitement that …

  • CLI posts 41% jump in reservation sales

    August 15, 2020

    The Soberano family’s Cebu Landmasters Inc. (CLI) said real estate prospects remained strong in the Visayas and Minda­nao despite a slowdown in the broader economy caused by the COVID-19 pandemic. The company said reservation sales, an indication of future revenue, jumped 41 percent to P7.44 billion in the first semester of 2020. This was mainly …

  • Cebu Landmasters maintains credit rating for P5-billion bonds

    August 4, 2020

    Cebu Landmasters Inc. (CLI) has kept its credit rating by a local debt watcher for its outstanding P5-billion bonds issued in 2018. In a statement on Monday, the Philippine Rating Services Corp. (PhilRatings) said it had maintained the PRS Aa credit rating for CLI’s corporate notes. The PRS Aa rating is the second highest issue …

  • DENR grants environmental compliance certificate to Cebu reclamation project

    July 26, 2020

    AFTER a two-year review, the Department of Environment and Natural Resources (DENR) has awarded an environmental compliance certificate (ECC) for the 100-hectare Minglanilla reclamation project in Cebu, according to Cebu Landmasters, Inc. (CLI). In a statement Friday, CLI said that after the issuance of the ECC, the reclamation project is now subject for approval under …

  • Cebu Landmasters says 100-hectare reclamation project gets DENR nod

    July 24, 2020

    MANILA – Cebu Landmasters Inc said Friday its 100-hectare reclamation project in Cebu City received an environmental compliance certificate (ECC) after a 2-year review period. The Department of Environment and Natural Resources has issued an ECC to Ming-Mori Minglanilla reclamation project on July 22, Cebu Landmasters told the stock exchange. “The next stage is to …