Sustaining growth with diversified portfolio and strong project pipeline
In the Visayas and Mindanao property sectors, Cebu Landmasters, Inc. reaffirms its lead in the market
Aerial view of One Manresa Place
Cebu Landmasters Inc. (CLI) retains its industry leadership with a consolidated net income of ₱ 3.1 billion in the first nine months of 2025, a 6 percent gain from ₱2.9 billion in the same period last year. With an 18 percent market share in residential sales take-up, Colliers Philippines named CLI as the top developer in the VisMin region in its 2025 Real Estate Market Study.
The Cebu-based real estate developer has 131 projects in its portfolio, including 102 residential developments, 10 hotels, six offices, 10 mixed-use properties, and three estates, reinforcing its position as a leading developer in the region.
"CLI’s sustained performance is being driven by real demand in VisMin’s growth cities,” said Jose Soberano III, Cebu Landmasters chairman and CEO. “Our portfolio is intentionally diversified and anchored on segments that continue to move. This focus allows us to deliver steady returns while building communities that hold their value over time.”
CLI’s diversification strategy gained recurring income, growing 72 percent during the period. The expansion underscores the company’s ongoing efforts to build a more balanced, integrated business model through hospitality and leasing ventures.
Casa Mira Homes Clubhouse
Real estate sales remained the company’s primary revenue driver, contributing ₱13.8 billion, supported by construction progress and unit completions across its economic, mid-market, and premier projects. As of September 2025, CLI recorded 93 percent of properties sold across different stages of development.
The developer raked in sales from 106 properties, comprising 50 completed projects, 50 properties under construction, and six new launches: One Manresa Place, Casa Mira Garden, The Wave Towers Nagomi, Casa Mira Towers Palawan, Costa Mira Palawan, and The West Village T1-T2. These projects have generated ₱15.32 billion in sales value.
Residential reservation sales jumped 27 percent to ₱19.3 billion, driven by sustained housing demand and the success of the new properties, with nearly 80 percent of total take-up. This was attributed to the company’s ability to capture emerging housing demand and maintain high sell-out rates across projects.
In its office and retail projects, recurring revenues grew 49 percent year on year, driven by leasing of office buildings and commercial spaces, totaling ₱70,832 in revenue.
Hotel revenues more than doubled, up 101 percent, driven by new openings and stronger occupancy rates, while rental income rose 49 percent from newly leased spaces.
Capitalizing on the region's thriving tourism, CLI operates Citadines Cebu City, The Pad, Lyff Cebu City, and Citadines Bacolod City. In the coming months, new hotels, such as Radisson Red Cebu, Citadines Paragon Davao, and Mercure Hotels Cebu Downtown, will be operational.
In its continuing development, the developer has acquired 187 hectares of landbank valued at ₱15 billion in the areas of Cebu, Ormoc, Cagayan de Oro, and Davao. Among the notable additions is a 79-hectare property in Liloan, Cebu, envisioned to become a mixed-use township with residential and commercial components.
In the wake of the earthquake and Typhoon Tino, CLI promptly activated emergency protocols across all project sites, coordinated with local authorities, and ensured the safety of employees, residents, and tenants. The developer also reported no major structural damage in its properties following inspections, and operations have since normalized. Beyond ensuring safety, CLI also extended relief assistance to affected communities in coordination with the local government.