Cebu Landmasters launching P36b new real estate projects
Vis-Min real estate developer Cebu Landmasters, Inc. (CLI) plans to launch P36 billion worth of new projects between 2025 and 2026, signaling strong confidence in its growth pipeline and expansion strategy.
The move supports CLI’s ongoing push into Luzon and the National Capital Region (NCR), while reinforcing its leadership in Visayas and Mindanao (VisMin).
“We’re building more than just developments, we’re shaping communities in VisMin and soon, Luzon. Our strong start reflects the depth of demand in the regions we serve and the strength of our on-the-ground execution. 2025 will be about scaling our impact where it matters most,” CLI chairman and chief executive Jose Soberano III said.
CLI posted a 12 percent year-on-year growth in consolidated net income to P1.32 billion in the first quarter on the back of steady project execution, geographic expansion, and strong housing demand in key VisMin markets as key growth drivers.
Consolidated revenues rose by 4 percent to P6.51 billion, with property sales accounting for 97 percent of the total.
Real estate sales increased to P6.32 billion, supported by ongoing construction progress and resilient demand for residential lots.
Gross profit rose 13 percent to P3.53 billion.
Reservation sales increased by 18 percent to PHP6.3 billion due to strong take-up in Cebu and Cagayan de Oro.
CLI launched P6 billion worth of new residential inventory during the quarter.
“Demand remains resilient in the VisMin region and Cebu Landmasters continues to offer value-for-money products well-suited to the needs of the homebuyers,” Soberano said.
Recurring income from hotel and leasing businesses surged 113 percent to P157 million.
Hotel revenues improved 161 percent to P105 million driven by improved occupancy rates across three hotels launched in 2024.
Leasing income climbed 56 percent to P54 million due to turnover of newly occupied office and retail spaces.
To sustain the growth of recurring business, CLI plans to double its number of operational hotels by the end of 2025, with four more completions in the pipeline.
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