Cebu Landmasters logs P2.7B reservation sales in Q1
Leading VisMin property developer Cebu Landmasters Inc. (CLI) booked its highest quarterly reservation sales ever of P2.7 billion or 38 percent of its full-year target.
Owned by the Soberano family, CLI is eyeing P7 billion in reservation sales this year.
“I’m happy to report that CLI is off to a record-breaking start in 2018, recording our highest quarterly reservation sales at 2.7 billion. This validates that our Visayas and Mindanao expansion has been well-received by the market, and we still see several opportunities to expand in these key VisMin cities,” said CLI chief executive officer Jose R. Soberano III.
CLI attributed the strong sales to newly launched projects which include Building A of MesaVirre Garden Residences in Bacolod City with 294 units sold-out in one month. This prompted the opening of Building B with 442 units.
Soberano expects sales to remain robust given several big-ticket infrastructure projects in the VisMin region such as Terminal 2 of the Mactan International Airport, which is scheduled to open next month, and the proposed 1020 kilometer Mindanao Railway System which will interconnect Davao del Sur and Davao del Norte with Davao City.