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Cebu Landmasters Books P2.87B Reservation Sales in First Half of 2017

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Manila, Philippines—Cebu Landmasters Inc. (CLI), a real estate company based in Cebu, which recently debuted on the Philippine Stock Exchange, was able to book P2.87 billion of reservation sales for the first half of 2017. In just six months, the company has almost breached its full year 2016 reservation sales figure of P2.94 billion.

“We’re very pleased to report our strong reservation sales performance for the first half of 2017,” CLI President & CEO Jose R. Soberano III said in a statement. “This is a testament to the strong demand for CLI’s diverse range of real estate offerings in Vis-Min, which encompass the high-end, mid-market, and economic residential products along with our growing commercial and hospitality portfolio,” continued Mr. Soberano, who was named “Entrepreneur of the Year” by Cebu Chamber of Commerce and Industry last month.

The solid performance was driven by the strong sales across various projects, particularly from the company’s new projects: 38 Park Avenue in Cebu IT Park, MesaTierra in Davao, and Casa Mira South economic housing project in Naga, Cebu.

Launched in March this year, 38 Park Avenue has already sold out 60% of its inventory. Furthermore, MesaTierra, a 22-story residential condominium positioned at the center of Davao City, sold over 80% of its inventory since launching in March this year.

Capitalizing on its well-designed projects, the company is confident that the outstanding sales performance in the 1st Half will continue to be seen until the end of the year. (Press Release)

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