Cebu Landmasters Posts Record Reservation Sales in H1

Cebu Landmasters Inc. (CLI), the leading Visayas-Mindanao-based developer, will launch fresh inventory in the coming weeks after posting a record-high reservation sales in the first half of 2018.

In a disclosure to the stock exchange Monday, CLI said the new projects would be located in Cebu, Davao, Cagayan de Oro, Iloilo, Bacolod, and Bohol.

The developer said the second phase of residential project, MesaVirre Garden Residences, in Bacolod City is underway.

It is also preparing to launch its newest mixed-use project, Astra Centre, in Mandaue City in Cebu.

CLI reported a record-high 61-percent reservation sales growth of PHP4.6 billion in January to June period due to strong demand of its projects.

The figure is 65 percent of the company’s target of PHP7 billion for the year and already surpasses its full-year 2017 reservations sales performance.

“Our VisMin expansion is on the right track. With our fast turnaround strategy at work across VisMin, we are able to generate more inventory and move very efficiently from acquisition to sales and construction. This has allowed us to grow our reservation sales very strongly,” said CLI chief executive officer Jose Soberano III. (PNA)