CLI pre-sold 60% of condo tower

Published March 30, 2021, 5:00 AM

by James A. Loyola

Listed Visayas-Mindanao developer Cebu Landmasters reported that its has pre-sold 60 percent of the first tower of its P3 billion Mandtra Residences which it has just launched through joint venture firm Cebu Homegrown Developers, Inc.

The firm said itslatest condominium project with premium amenities in Mandaue City, Cebu is aimed at meeting the housing needs of a surging segment of upwardly mobile professionals and entrepreneurs in the region.

The project is managed and developed by CLI and offers condo units from 21 square meters (sqm.) to 41 sqm. ranging from P2.35 million to P4.17 million per unit. It began pre-selling its first tower in March and was close to 60 percent sold after three weeks.

“This joint venture enables us to have access to high value locations that allow us to offer a new generation of Cebuano entrepreneurs and professionals seeking upgraded living spaces,” said CLI President Jose Soberano III.

With construction already underway, Mandtra Residences is a three-tower development on a landscaped 12,405 sqm property with a lush tropical theme.

A retail podium, a sky garden, clubhouse with adult and kiddie pools, jogging paths, fitness gym and chapel have been designed to provide homeowners a multi-faceted urban sanctuary.

According to CLI, planning for this project took place at the height of the 2020 pandemic, so the design placed a premium on healthy living and a balanced well-being with its generous array of amenities and lush open spaces. 

The first tower with a lobby and three passenger elevators has 26 floors with 595 units ranging from studios to one-bedroom units with selected units of both sizes offering balconies.

Moreover, a number of units have been designed so partitions and walls can easily be knocked down and spaces combined. The first tower is set for completion in 2025.

Mandtra Residences will be the first in a planned series of projects from Cebu Homegrown Developers Inc.