Cebu Landmasters fully sold out Phase 1 of its first Palawan project, launches new tower

Leading developer in VisMin Cebu Landmasters, Inc. (CLI) introduces Tower 4 of Casa Mira Towers Palawan, following the remarkable sales performance of its first three towers that sold out in less than a year after market introduction.

Located at the heart of Puerto Princesa, the seven-tower Casa Mira Towers Palawan with a sales value of Php 6.4 billion serves as CLI’s maiden project in the province. The initial three towers, which comprise phase one of the development, quickly sold all of its 721 units, generating a total reservation sales of P2.1 billion.

Leading developer in VisMin Cebu Landmasters Inc. (CLI) unveils the fourth tower of the P7-billion development Casa Mira Towers Palawan in Puerto Princesa.

The launch of the fourth tower will add fresh inventory for CLI as the company already posted 94% sell out status of all saleable projects across different stages of development as of Q1 2023. Casa Mira Towers Palawan phase one is set for completion in 2026. Meanwhile, the development’s newly launched Tower 4 is expected to be completed in 2027.

“The outstanding reception to Casa Mira Towers Palawan shows how much CLI’s projects are resonating with the market, especially in new areas of expansion,” highlighted CLI chairman and CEO Jose Soberano III. “We are happy with this achievement, and we believe it is a positive sign as we set our eyes on an expansion to Luzon.”

Casa Mira Towers Palawan presents a mix of 2,017 studio and 1-BR units. The studio units offer a 20-sqm floor area with a price range of P2.1 million to P3 million, while the 1-BR units provide a floor area of 28 sqm to 32 sqm with a price range of P2.6 million and P3.5 million.

Positioned as CLI’s flagship economic brand, Casa Mira accounts for the largest share of company revenues at 47% in 2022 and 33% of CLI’s Q1 2023 sales. The brand caters to young couples, start-up families, business owners and young professionals, promising more space, more amenities, and more value to the Filipino family’s real estate investment.

Casa Mira Towers Palawan figures as the 14th residential development of the Casa Mira brand. Overall, the Casa Mira brand offers 15,281 units across VisMin that helps fill out the housing backlog in the region. Aside from Casa Mira, also set to help CLI close the housing gap in VisMin are upcoming residential projects in Davao and Butuan.

CLI has a total of 19 projects in the pipeline with a value of P29.75 billion, and is expected to continue its growth trajectory in 2023.

On April 28, the listed company paid regular dividends at Php .15 per share, and special dividends at Php .03 per share. After years of leading the real estate development in VisMin, CLI is set to begin soon its much-anticipated expansion in Luzon.

More information about CLI and Casa Mira Towers Palawan is available at https://www.cebulandmasters.com/project/casa-mira-towers-palawan/.

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