Skip to main content

CLI 3Q reservation sales at P3.66 billion; more projects set for launching in 2017

Newly listed property developer Cebu Landmasters Inc. (CLI) is set to exceed its 2017 target of P4 billion in reservations sales from projects in key Visayas-Mindanao cities, disclosed Jose Soberano III, president and CEO. He said reservation sales for the first nine months of 2017 registered at P3.66 billion or 26 per cent more than the P2.9 billion reservations sales registered for the entire 2016.
38 Park Avenue, a high end development and soon to be the tallest building in Cebu IT Park.
Sales drivers for third quarter reservation sales included a range of residential projects across the economic spectrum in Cebu, Davao and Cagayan de Oro. Combined reservation sales of mid-market garden series residential condominiums in Davao and Cagayan de Oro accounted for P1.262 billion. The high-end 38 Park Avenue at the Cebu IT Park, over P815 million. Phase 1 of economic housing project Casa Mira South in Cebu contributed P577 million while Phases 1 and 2 of mid-end condo Mivesa Garden Residences in Cebu accounted for P526 million.


Soberano observed: “This year is a banner year and with several launches scheduled in the last quarter of 2017, we are confident of surpassing our P4 billion target.”

A significant part of projected reservation sales for the balance of the year will come from its new 2H 2017 residential launches and CLI’s highly popular economic housing brand named Casa Mira “which gives more in open spaces, amenities and overall value to the Filipino family,” according to Soberano.

In line with its strategy of fulfilling unmet demand in high growth areas, CLI recently acquired for P170 million a 14-hectare property in Granada, Bacolod from the proceeds of its Initial Public Offering. The property to be launched before the year ends has been earmarked for an estimated 1,200 Casa Mira townhouse units.

Other Casa Mira developments that will be launched in the last quarter of 2017 will be in Sibulan, Negros Oriental (543 units); Iloilo (estimated 526 units); Guadalupe, Cebu (727 units). Including units from three other projects launched prior to this quarter in Cebu, Casa Mira units rolled out in 2017 will total around 7,600 units.

Soberano attributed CLI’s performance to growing Vismin demand for quality residential projects perceived by buyers to represent great value. “We have captured the needs and preferences of the Vismin market. We have always believed that client satisfaction – from buyers of high-end as well as economic housing developments – has a multiplier effect on revenue streams.”

Comments

Post a Comment

Check out more...

GCash cautions against gambling apps used for phishing

A recent investigation by the National Privacy Commission (NPC) and the leading mobile wallet GCash, has led to the discovery of certain gambling sites and apps which were used for account takeovers in the recent surge of phishing scams. Additionally, some influencers may have unknowingly promoted these gaming apps without being aware of their fraudulent nature. GCash is now cautioning its users to be extremely careful when accessing online gambling sites and apps, and to avoid them altogether if possible. In this latest scheme, perpetrators created gambling apps while falsely claiming to be accredited by the Philippine Amusement and Gaming Corporation (PAGCOR). These apps deceive users with a verification process, redirecting them to a fake GCash website or payment page to top up betting credits. From there, fraudsters were able to access sensitive information such as credit card details, passwords, GCash numbers, MPINs, OTPs, and other personal data that can be exploited to gain unau
Post a Comment
Read more

The Little Mermaid’ makes a splash onto the screens of SM Cinemas

The much-awaited live-action reimagination of Disney’s classic, ‘The Little Mermaid,’ is currently showing at SM Cinemas nationwide.  Dive into a world of underwater adventure, finding love, and realizing dreams with Ariel, portrayed by American singer-songwriter, Halle Bailey. Swim with the young mermaid as she trades her voice for legs so she can discover the world above water. At SM Cinemas, movie screens are equipped with cutting-edge technology that offers the highest quality of pictures and sounds. Be a part of Ariel’s world through the SM IMAX experience of crystal-clear scenes, with a wider view of life under the sea. Watch films on a state-of-the-art screen that is twice the size of a regular cinema where one can feel the crashing waves through a cinematic surround sound system. The comfort and convenience of moviegoers have always been a top priority. The plush seating, spacious theaters, and efficient ticketing systems ensure that the movie-watching experience is hassle-free
Post a Comment
Read more

DICT, GeeksPH bolsters PH startup scene with 6th Geeks on a Beach in Panglao

The Department of Information and Communications Technology (DICT) and GeeksPH announced the revival of Geeks on a Beach (GOAB) after a four-year break and is set to happen in Panglao, Bohol on November 23-24, during the Philippine Startup Week 2023. The two-day international conference, known for leveraging Philippine tourism and ICT Industry expertise, will gather hundreds of entrepreneurs, investors, innovators, and globally-acclaimed startup ecosystem players to showcase the country’s startup achievements in both local and international scenes. GOAB 2023 will offer plenary sessions exploring potential investment opportunities and breakout sessions that will focus on sector-specific topics like Fintech, EduTech, HealthTech, AgriTech, and ClimateTech and other category-specific themes centered around youth and women. The event will also feature emerging technologies discussion, pitching fest, business matching, investors’ roundtable, and exhibits from various stakeholders. To cap off
Post a Comment
Read more

#Gcash users can now go cashless on their next Euro trip thanks to Alipay+ partnership

GCash users can now opt for a hassle-free, cashless payment method on their next Euro trip as the Philippines’ leading mobile wallet is now accepted in Europe’s top travel destinations, including the United Kingdom, France, Germany, and Italy. This cross-border payment service is part of the e-wallet’s strengthened collaboration and partnership with Alipay+ to offer a seamless and secure payment experience, as well as real-time foreign exchange (forex) with no service fee, allowing customers to a hassle-free and rewarding travel experience abroad. Among the key merchants and stores that can accept GCash via Alipay+ are Harrods, Liberty London, and Harvey Nichols in the UK; Printemps in France; Müller and dm-drogerie markt in Germany; as well as itTaxi, and IVS Group, the leader in the vending machines market, in Italy. “In line with our fervent commitment to make our customers’ everyday lives better and more convenient, we want to make sure that they can maximize their GCash account no
Post a Comment
Read more

Book Your Flights with Cebu Pacific and Seize Sulit Hotel Deals

Cebu Pacific (PSE: CEB), the Philippines’ leading airline,  is giving  every Juan  more reasons to seize the moment and  book their flights now  as it partners with  several hotels   offering   sulit   and   exclusive discounts  for that one unforgettable vacation. Book your flights across Cebu Pacific’s widest domestic network  and get  these  exciting deals  from the following hotel partners * : Club Paradise Palawan •  10% off on seafood bucket •  30% off on couple’s massage at Glow Spa •  10% savings on other treatment and services Discovery Shores Boracay •  16% off on dining offers;  Tomohawk  Steak at Forno Osteria Modern Filipino Boodle Fight  •  16% off on spa treatments: Terra for Two (180 mins); Terra’s Journey (180 mins) Discovery Samal •  Up to 40% off in The Bar - Junior Suite, Executive  Villa  and Villa  rooms o  Includes breakfast for two, roundtrip airport and boat  transfers o  Stay dates :  August 1 - December 20, 2023   Fili NuStar Hotel and Casino Cebu •  Up to 25
Post a Comment
Read more