CEBU Landmaster Inc. (CLI) is poised to launch two more residential projects in the remaining months of the year.
These are the North Grove at Pristina Town, a two-tower upper mid-market project in Cebu with over 1,000 units and the first three towers in Manresa Town, which is CLI’s second township located in Cagayan de Oro.
CLI said in the last nine months, CLI launched P8.2 billion worth of projects with 1,664 residential units, a balanced mix of 57 percent targeted for the mid-market segment while 32 percent is for the economic segment. New project launches are already 89 percent sold-out indicating high demand for the company’s products.
“Market absorption for our newly launched developments has been remarkably swift, with several projects selling out almost immediately upon market introduction,” said Jose Soberano III, CLI chairman and chief executive officer.
“This strong demand underscores that we’re offering well-priced, thoughtfully designed developments that truly meet the needs of our target markets,” Soberano said.
CLI’s mid-market Garden Series has the highest share at 57 percent of total sales. In terms of location, around 56 percent of sales originated from Mindanao, while Cebu accounts for 23 percent of reservation sales. This shift in sales take-up to key areas in the region is aligned with the company’s strategy to strengthen foothold beyond CLI’s core market in Cebu.
The recent Colliers Philippines Real Estate Market Study 2024 recognized CLI as the number one residential developer in the Visayas and Mindanao region, with the company’s market share climbing to 19.3 percent from 15.6 percent the previous year, surpassing national competitors.
This success was further validated at the PropertyGuru Philippines Property Awards, where CLI was named Best Developer in Mindanao for the fourth consecutive year.
The company’s commitment to high governance standards was also acknowledged with a two Golden Arrow award from the Institute of Corporate Directors for the second year running, further reinforcing CLI’s reputation for sound corporate governance.
