CLI gears up for busy H2 with 12 new projects worth P29 billion

MANILA, Philippines — Cebu Landmasters Inc.(CLI), a real estate developer focused in the Visayas and Mindanao, is gearing up for a busy second half, with P29 billion worth of new projects and a fresh fundraising plan in the pipeline.

“We’re very excited to come out swinging in the second half. It will be very busy and productive for us for our year-end push” CLI chief operating officer Jose Franco Soberano said.

CLI’s 12 new projects in the second half will bring residential, mixed-use and hotel properties to key areas like Cebu, Davao, General Santos, Ormoc and Palawan.

The company said that seven new projects in rapidly urbanizing areas, including Metro Cebu, Palawan, the Davao Region and South Mindanao would be launched over the next three months, while five additional residential developments will be unveiled in the last quarter of 2025.

“We’re encouraged by the sell-out success of our earlier launches, which reflects strong, sustained demand across our VisMin markets,” Soberano said.

“This momentum supports our robust launch calendar for the second half, aligned with CLI’s confidence in the region’s resilience and our commitment to serving diverse housing needs across price segments. At the same time, we are actively scaling up our Luzon operations in preparation for our first project launch in the region by 2026,” he said.

CLI chief financial officer Grant Cheng, meanwhile, said the company is also looking at another fundraising initiative before the year ends.

“We launched our very first sustainability-linked bonds earlier this year. That was supposedly a P10-billion raise, but strategically, upon consultation with our underwriters and bankers, we decided to split that fundraising into two. So we will have the second part of that fundraising,” Cheng said.

“We will launch it in the third quarter to be made for public offer in the fourth quarter. We are preparing the groundwork for that but those are the company’s plans,” he said.

CLI successfully raised P5 billion from an oversubscribed sustainability-linked bond issuance last March.

The issuance served as the second tranche of CLI’s P15-billion shelf-registration program, leaving P5 billion available for future issuances.

CLI reported a robust first half, with consolidated net income rising by 13 percent year-on-year to P2.49 billion, driven by sustained sales momentum, improved revenue recognition and faster project completions across the region.

Revenues rose by five percent to P11.87 billion, with real estate sales remaining the primary contributor.

“Our strong performance in the first half of the year reflects the disciplined execution of our growth strategy and our deep commitment to addressing the housing needs of the VisMin market. Despite continued economic headwinds, CLI remains well-positioned, consistently generating high-quality earnings and delivering value to our stakeholders,” CLI chairman and CEO Jose Soberano III said.