Cebu Landmasters eyes more projects in VisMin

CLI has forged a partnership with Davao’s landlords to develop a township in Matina, Davao City, a 22-hectare central business district (CBD) that will begin development this year.

It also inked a partnership with Lyceum of the Philippines University for a university township project in Buhangin, Davao, which is set to begin construction in the fourth quarter this year.

The 17-hectare mixed-use development will have an academic, residential, commercial, office, hotel and convention components.

Another location in the pipeline for an estate project is Cagayan de Oro City. “Our decision to diversify our portfolio many years ago is paying dividends today, as we are able to tailor-fit different products to the demand opportunities and supply gaps in each market,” said Jose Franco Soberano, CLI’s executive vice president and chief operating officer.

Of the 20 projects, CLI will launch 12 residential projects encompassing the upscale, midmarket and economic segments. The company will also develop three more office buildings, two more hotels and one industrial park and one central business district.

Besides being present in seven key areas, CLI will also venture into new locations like General Santos, Butuan, Ormoc and Roxas cities.

“The VisMin’s time is now, and CLI will do its best to be at the forefront of the action,” said Jose Franco, capitalizing on the many indicators that point in VisMin’s favor like booming trade and commerce, tourism, infrastructure development, and continued BPO expansion.

“The environment for real estate development remains highly conducive—with better land valuations, lower cost of living, abundant labor pool, and greater availability of development opportunities in both urban and fringe areas,” he added.

CLI ended 2017 with a net income of P1.3 billion. It recorded sales revenues of P3.93 billion.

Stephen Tan, CLI’s chief finance officer, said the record-breaking sales levels are attributable to timely implementation of projects and strong reservation sales of P4.58 billion, up by 55.6 percent from the 2016 levels.