Business NEWS

Cebu Landmasters Inc., a property developer in the Visayas and Mindanao, is planning to raise up to P8 billion from the initial tranche of its new three-year Shelf Registration program amounting to P15.0 billion.

The Presidential Commission for the Urban Poor (PCUP) – Field Operations Division for Visayas met with a Cebu-based developer to finalize the turnover and blessing ceremony of a 100-unit-medium rise building at Brgy. Lorega-San Miguel, Cebu City.

VisMin developer Cebu Landmasters, Inc. (CLI) is allotting P13 billion for capital expenditures this year, slightly higher than the P9.6 billion earmarked in 2021 as it plans to launch 21 new projects worth P31.5 billion.

VisMin developer Cebu Landmasters, Inc. (CLI) reported a 14 percent growth in earnings to P806 million in the first quarter of 2022 from P714 million in the same period last year.

VisMin developer Cebu Landmasters, Inc. (CLI) reported a 42 percent growth in attributable net income to a record P2.61 billion last year from the P1.85 billion earned in 2020.

VisMin developer in Cebu Landmasters Inc. (CLI) reported a 23 percent improvement in net income to P1.85 billion in the first nine months of 2021, from P1.5 billion in the same period last year, surpassing its full-year 2020 figure of P1.84 billion.

Cebu Landmasters, Inc. (CLI), a property developer focusing in Visayas and Mindanao, has started development of the 100-hectare Minglanilla Techno Business Park (Ming-Mori) reclamation project to fulfill its commitment to complete the project in 2025.

The Philippine Reclamation Authority has issued a final Notice to Proceed for a 100-hectare reclamation project where Cebu Landmasters Inc. (CLI) plans to develop a P20 billion business park.

Cebu Landmasters Inc. (CLI) reported a 66 percent jump in attributable net income to P1.32 billion in the first half of 2021 from the P792 million earned in the same period last year.

Abaca Resort Mactan will be setting the new standard for luxury for boutique resorts not only in Cebu, but for the country.

Leading developer in VisMin Cebu Landmasters, Inc. (CLI) announced a record P8.5 billion in reservation sales in the first half this year, a robust 14 percent increase from P7.4 billion year-on-year on sustained housing demand in its geographic scope.

VisMin developer Cebu Landmasters Inc. reported a 25 percent year-on-year growth in attributable net income to P714 million in the first quarter of 2021 while consolidated net income improved 12 percent to P725.2 million.

VisMin focused property developer Cebu Landmasters Inc. (CLI) is looking at resuming a bullish 15-20 percent growth trajectory this year following a slowdown during the pandemic year in 2020.

New developments will be launched in Dumaguete this month and in other key cities in in the next few months, particularly in Ormoc, Puerto Princesa, and Davao City.

What makes this development commendable is the fact that the tower would house the first five-star luxury hotel in Cebu -- Sofitel Cebu City.

Despite the pandemic, VisMin developer Cebu Landmasters, Inc. (CLI) is ramping up project launches this year after posting record reservation sales in 2020.