CLI joint venture to develop largest township in Cebu after acquiring 79-hectare property
VisMin developer Cebu Landmasters, Inc. has acquired, through a joint venture, a 78.8-hectare property in Liloan that it will develop into the largest integrated township in Cebu.
The firm informed the Philippine Stock Exchange that it had acquired the property through its joint-venture subsidiary Cebu Homegrown Developers, Inc. (CHDI) with Ixidor Holdings, Inc.
Located 17.6 kilometers north of Metro Cebu, the estate will be developed to include a multi-segment residential community designed for modern living complemented by commercial centers and interconnected by modern infrastructure and sustainable green and open space.
Strategically located, it is envisioned to “offer future residents the perfect balance of accessibility and convenience—bringing them closer to schools, retail centers, and key transport hubs while enjoying the comfort of a thoughtfully planned neighborhood.”
“This acquisition substantially deepens our Cebu footprint and advances our mission to create leading townships in the Vismin region, following the success of the Davao Global Township in Davao City and Manresa Town in Cagayan de Oro City,” said CLI Chairman and CEO Jose R. Soberano III.
He added that, “Together with Ixidor Holdings, our trusted partner in CHDI, we are committed to creating a model Cebuano township that is built for the future, where a combination of economic, social and environmental benefits will be felt for many generations.”
The Liloan acquisition marks a strategic move in CLI’s growth roadmap, reinforcing its commitment to prudently expand its landbank while addressing the strong and sustained housing demand across its core markets particularly in VisMin.
CLI currently has 127 residential, mixed-used, hotels and resorts and township projects in different stages of development across 18 key cities in the Visayas and Mindanao.