Cebu Landmasters lines up 20 projects this year

MANILA, Philippines — Cebu Landmasters Inc. (CLI) has lined up around 20 projects this year including more hotels.

The company is eyeing P7 billion in reservation sales this year, up 52 percent 2017 as it continues to expand to more territories in Visayas-Mindanao growth centers.

Of the pipeline of projects, 10 are located in Cebu, comprised of two residential subdivisions, three residential condominiums, three offices, one hotel and one industrial park.

Outside Cebu, CLI is setting its sights on two new territories, Bacolod and Iloilo.

According to the National Economic and Development Authority (NEDA), the Visayas region will zoom ahead of other regions in the next five years and is expected to outpace the projected seven to eight percent growth for the Philippines.

CLI will also launch two residential subdivisions and one residential condominium in Cagayan de Oro.  In Davao, it will build a central business district and two residential condominiums.

In terms of economic growth, Davao ranks third among 18 regions in the country.

The upcoming projects will boost CLI’s total number of projects to 66 from 46 last year, as it continues to strengthen its brand in its niche markets.

CLI’s residential condominiums are mostly designed for the mid-market segment, although it also offers condos for the high-end market.

“In 2018, we will continue to expand our footprint in the Visayas and Mindanao, and develop projects that respond to the growing market in these areas,” CLI chief executive officer Jose Soberano III said.

Soberano is confident CLI will meet its performance targets for the year and beyond.