In a disclosure to Philippine Stock Exchange last Friday, Cebu Landmasters Inc. revealed that they have taken the step in the acquisition of a 7.2 hectare property for a new residential project.

“The Cagayan de Oro (CDO) property will be developed into a residential project carrying Cebu Landmasters’ Velmiro Heights brand first launched in Cebu in 2013,” the disclosure said.

Read Philippine Daily Inquirer‘s full story on this latest CLI disclosure.