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 real-estate players pivot businesses during quarantine period

    July 15, 2020

    PLAYERS in Cebu’s real-estate industry are adopting new ways of doing business as the Covid-19 situation takes its toll on the local economy. During a Cebu property webinar hosted by leading property expert Santos Knight Frank, representatives from the real-estate sector identified strategies that range from work-from-home schemes to repurposing facilities which will help continue …

  • Cebu Landmasters posts 41% sales boost in first half

    July 9, 2020

    CEBU Landmasters, Inc. (CLI) recorded a 41% increase in sales during the first half of 2020 on the back of high demand for affordable housing despite the coronavirus disease 2019 (COVID-19) pandemic. In a statement Wednesday, the property developer said its sales reached P7.43 billion in the six months to June, mostly coming from residential …

  • Despite COVID-19, CLI’s H1 housing sales up 41%

    July 8, 2020

    Property developer Cebu Landmasters Inc. (CLI) reported a 41 percent year-on-year growth in residential reservation sales in the first semester as end-user demand for affordable homes remained robust despite lockdown restrictions prompted by the coronavirus (COVID-19) pandemic. A significant 40 percent of sales came from projects in Cebu City, where the enhanced community quarantine was …

  • Cebu Landmasters’ shares remain resilient

    June 29, 2020

    Shares of property firm Cebu Landmasters Inc. (CLI) remained resilient despite the coronavirus disease 2019 (Covid-19) global pandemic. CLI’s shares finished 0.47 percent better to P4.30 apiece last week, improving its week-on-week performance by 6.17 percent. Philstocks Financial Inc. research associate Piper Chaucer Tan said the company’s resilience in terms of its earnings, along with …

  • CLI’s H1 housing sales up 20% despite lockdown constraints

    June 24, 2020

    Despite constraints from coronavirus-triggered lockdown measures starting mid-March, property developer Cebu Landmasters Inc. (CLI) saw a 20 percent year-on-year growth in first semester reservation sales, seen as an affirmation of resilient demand in its Visayas-Mindanao bailiwick. CLI disclosed to the Philippine Stock Exchange on Wednesday that it had sold P3.4 billion worth of homes or …

  • CLI sees robust housing sales despite ECQ

    June 8, 2020

    Despite the coronavirus (COVID-19) pandemic and consequent lockdown protocols, property developer Cebu Landmasters Inc. (CLI) has been able to sell as much houses as it did last year and now needs to replenish its dwindling inventory, indicating resilient residential demand in its Visayas-Mindanao bailiwick. CLI is thus confident that it could maintain 2020 capital spending …

  • CLI remains bullish, projects still on track

    June 4, 2020

    CEBU, Philippines — Cebu Landmasters Inc., (CLI) is determined to pursue 27 projects in the pipeline, despite COVID-19 distractions. In its 2020 Annual Stockholders’ Meeting held yesterday via zoom, CLI chairman and chief executive officer (CEO) Jose R. Soberano III announced that 14 of the total planned projects are to be laid down in 2020, …

  • CLI reports 13% growth in first quarter revenues

    June 2, 2020

    Residential developer in VisMin Cebu Landmasters reported yesterday solid Q1 2020 growth of 13 percent year-on- year in consolidated revenues from ₱1.87 billion to ₱2.1 billion. The increase in revenue was driven by robust sales from various segments and sustained construction of new developments alongside growing contributions from its expanding recurring business. Net income amounted …

  • Is 2020 the right time to buy property or should you wait?

    May 22, 2020

    COVID-19 has upended economies, businesses and personal finances around the world, but opportunities remain in a few sectors. Real estate heads point out that ‘those who choose to take an early position will have a better investment portfolio.’ One of the lessons the 2007-2008 global financial crisis taught investors is that those who panic-sold were …