Cebu Landmasters Inc Developer Will Invest in Cagayan de Oro
Newly-listed property developer Cebu Landmasters Inc. (CLI) plans to bring P10.6 billion worth of new inventory to the Visayas and Mindanao property markets for the remainder of the year, summing up the value of product launches for the full year to P17.7 billion.
Cebu Landmasters Inc. revealed that they have taken the step in the acquisition of a 7.2 hectare property for a new residential project.“The Cagayan de Oro (CDO) property will be developed into a residential project carrying Cebu Landmasters’ Velmiro Heights brand first launched in Cebu in 2013,” the disclosure said.
CLI seeks to strengthen its foothold in Visayas and Mindanao by rolling out 14 more projects this year in Sibulan (Negros Oriental), Bacolod (Negros Occidental), Iloilo, Cebu, Davao, and Cagayan de Oro.
In the first half of the year, CLI launched P7.09 billion worth of projects.
