Cebu Landmasters Inc. (CLI) has generated P3 billion in sales from Calle 104, its residential project in Cebu City.
The project was sold out in “record” three days last week, CLI said in a statement.
The two-tower Calle 104 is located at a block that straddles Ramos and Ranudo streets, a popular address of prominent families in Cebu.
“The high-end project in Cebu is CLI’s eighth launch this year across VisMin, bringing the total 2022 reservation sales to over P13.5 billion,” the company said.
“Calle 104 is a well-designed mixed-use project targeted to prominent families in Cebu. Its outstanding performance is also attributed to its strategic location, which is very close to major hospitals in Cebu City. Majority of its buyers are medical professionals, particularly doctors, who choose Calle 104 as their investment of choice,” said Jose Soberano III, CLI chief executive officer.
Calle 104 is a joint venture project of CLI and Borromeo Brothers Estate Inc. under Cebu BL-Ramos Ventures Inc.
Soberano said the speed with which the project was sold “shows that there is a growing demand for upscale residential developments coinciding with the economic recovery and progress of Cebu City.”
