#Cebu Landmasters Inc.
Text
Cebu Landmasters sustains growth momentum with record 1.55B H1 Net Income, up 40% Year on Year
Cebu Landmasters sustains growth momentum with record 1.55B H1 Net Income, up 40% Year on Year
On the back of strong sales and project completions, leading VisMin developer Cebu Landmasters, Inc. (CLI) achieved its highest H1 net income performance of Php1.55 billion, an increase of 40% versus H1 2021. Without the adjustment from CREATE law, CLI grew its earnings attributable to parent by 18% from the reported Php 1.1 billion of the same period last year.
Real estate sales also grew by a…
View On WordPress
0 notes
Text
Cebu Landmasters 2023 net income up 29%, offers preferred shares, and announces first ever international partnership
CLI announces another year of strong financial performance, with 29% increase in Consolidated Net Income.
CLI starts public offer for its preferred shares.
CLI signs a joint venture agreement with global Japan-based real estate firm NTT UD Asia Pte. Ltd. (NTTUDA), to form CLI NUD Ventures, Inc. and to develop a PHP 6.4B two-tower, Japanese-inspired residential development in the heart of Cebu IT Park.
Leading developer in Visayas and Mindanao Cebu Landmasters Inc. (CLI) posted a 29% increase in consolidated net income year-on-year, to PHP 4.64 billion. CLI also recorded significant growth in net income to its shareholders, up by 13% to PHP 3.58 billion from last year’s PHP 3.17 billion. The growth is attributed to a solid 20% increase in consolidated revenue, reaching PHP 18.8 billion across all revenue streams mainly from real estate sales revenues, and also includes hotel operations, and leasing.
This is on the back of strong demand for the listed company’s residential properties and its diverse and dynamic business portfolio.
Revenue from real estate sales maintained an upward trajectory, rising 20% to PHP 18.5 billion, driven by consistent collections and steady construction progress. Record-breaking reservations of PHP 20.6 billion was also achieved, marking a 14% increase from 2022’s PHP 18 billion. This adds to our pipeline of future revenues.
The listed company launched 10 new projects in 2023, with a collective value of PHP 18.7 billion and offering 4,249 units. These projects achieved an impressive 63% sell-out rate with less than a year in the market. Completed projects are already 97% sold-out, resulting in the blended total portfolio sell-out rate of 93%.
CLI's recurring income projects, particularly hotel operations and leasing, also saw impressive growth rates. The company’s hotel operations grew 66% to PHP 139 million and leasing went up by 42% to PHP 112 million.
Cebu Landmasters recently opened 3 hotels including lyf Cebu City with 159 rooms, bringing its total number of operational rooms to 338, including 180 rooms of Citadines Cebu City. Both lyf and Citadines are in CLI’s mixed use property Base Line Center (photo above). The listed company now boasts nearly 800 room keys, with 7 more hotel projects underway poised to drive future hotel revenue growth.
CLI has expanded its hospitality portfolio from a single hotel Citadines Cebu City to now 3 including the recently opened lyf Cebu City in Base Line Center, and The Pad Co-Living in Banilad High Street in Cebu. With an initial offering of 180 rooms, CLI now boasts nearly 800 room keys, with 7 more hotel projects underway poised to drive future hotel revenue growth.
Additionally, the Gross Leasable Area (GLA) grew to 35,772 sqm from 28,411 sqm driven by newly completed projects like Banilad High Street, Base Line Center Phase 2, and Retail Pods in Davao Global Township.
Capital expenditures totalled PHP 12.9 billion during the year, with 82% allocated to project development and 6% directed towards land acquisition and the remaining 12% for investment property.
With the company’s consistent double-digit growth and exceptional performance, the CLI Board of Directors approved on March 18 the declaration of a regular dividend of PHP 0.15 centavos per share, along with a special dividend of PHP 0.03 centavos per share. These dividends will be distributed to shareholders on record as of April 17, with payments scheduled on May 3, 2024. The board’s decision reflects CLI’s commitment in growing shareholder value since the IPO.
Cebu Landmasters recently opened 3 hotels including The Pad Co-Living in Banilad High Street (photo above) with 258 rooms, bringing its total number of operational rooms to 338, including 180 rooms of Citadines Cebu City. CLI now boasts nearly 800 room keys, with 7 more hotel projects underway poised to drive future hotel revenue growth.
CLI Starts Public Offer Period for Preferred Shares
CLI had a significant milestone with the start of public offering of its preferred shares totaling PHP 3 billion, with an additional PHP 2 billion oversubscription. The offer period is from March 19 to April 2. Investors of the preferred shares can look forward to attractive dividend yields, with 4-year Series A-1 at 7.585% and the 7-year Series A-2 at 8.25%. The said shares are scheduled to be listed on PSE’s main board on April 12, 2024.
The proceeds from the offering will provide CLI with a substantial capital infusion, facilitating strategic initiatives, and expansion projects, and bolstering its balance sheet for future growth.
CLI signs joint venture agreement with Japan real estate firm NTT UD Asia
CLI also announced its first international partnership, forming a joint venture with Japan-based global real estate firm NTT UD Asia Pte. Ltd. (NTTUDA), a subsidiary of NTT Urban Development Corporation (NTTUD), to establish CLI NUD Ventures, Inc.
The initial project is a PHP6.4 billion, two-tower, Japanese-inspired residential complex in Cebu IT Park, with Tower 1 set to launch by Q4 2024. This collaboration with CLI marks NTTUD's first venture in the Philippines, expanding its global portfolio with mixed-use, office, and residential projects.
CLI Chairman and CEO Jose Soberano III said, “We are bullish that the strategic capital raise through preferred share issuance and our first-ever international partnership would fortify our growth and expansion. This also strengthens our commitment to delivering exceptional value to our stakeholders as we keep enlarging our business."
CLI’s 2024 growth initiatives
CLI has new development in the pipeline worth PHP27 billion, including expansion projects in various regions such as Butuan. For 2024, the company has earmarked PHP 14.5 billion for capital expenditure, with a portion dedicated to land acquisition, particularly for its inaugural Luzon project.
The company’s strong financial performance, diversified revenue streams, strategic expansion initiatives, and a robust pipeline of upcoming projects position the company for continued growth and success in the coming years.
“Our consistent growth fuels our vision to strengthen the company’s current offerings and expand beyond VisMin. This is also a testament to the resilience, hardwork and dedication of our team," says Soberano.
0 notes
Text
Bohol is the Philippines’ first UNESCO global geopark, and tourism a source of income for many Bolanons. Its capital Tagbilaran, is a “gateway” to the province, and considering reclamation.
Listen to experts chime in on the issue via FB live or in Bohol at the Tagbilaran Baywatch Facebook page here this Wednesday, November 29.
For further background on the issue, here is an excerpt from a report by the Bohol Tribune last year.
“At least 4 coastal barangays in Tagbilaran City are included in the reclamation plan with an estimated cost of nearly P12 billion, according to reports.
The reclamation will have an area of 153 hectares, more or less, which broken down will amount to 89.968 hectares, covering Booy straight to a portion of Taloto for the 1st phase of the project.
The 2nd phase will involve an area of 11.677 hectares at the foreshore of Poblacion 2.
Furthermore, the 3rd phase will involve the reclamation of 51.384 hectares in Mansasa and in Poblacion 1.
The cost of building the project is further broken down as follows: P9.53 billion for reclamation works, P1.76 billion for infrastructure support, and pre-implementation will cost P0.70 billion.
In the event the project pushes through, each square meter of the reclamation area will cost around P7,785 the proponents said in their presentation.
The city government will not be spending anything for the reclamation project, according to Coun. Nerio Zamora II.
About 51 percent of the reclaimed land will be owned by the city government while the remainder will be in the possession of the proponent, Zamora added.
The TWDC is composed of Cebu Landmasters Inc., Lite Shipping Inc., Lite Properties Inc., Ulticon Builders Inc. and Aldama Mining Resources Inc. Two Boholano are involved in the proponents’ group and they are Lucio Lim Jr. of Lite Properties, Inc. and Ding Borja of another corporation.”
1 note
·
View note
Photo
Brand New Studio for Sale in 38 Park Avenue
Property ID: SRD55N Type: Condo for Sale Location: Cebu City, Cebu IT Park, 38 Park Avenue Floor Area: 24 SqM Bedroom: 1 Bathroom: 1 Furnishing: Unfurnished New Studio for Sale in 38 Park Avenue Imagine a place where park meets the city. And where East and West are one in panoramic view. Standing high in an avenue, over an address that never sleeps. A New York inspired masterpiece in our very own Cebu IT Park. Proudly brought to you by the El Camino Developers Cebu, Inc. Developed and managed by the Cebu Landmasters, Inc. It also features The Plaza at the Park Avenue, a green open retail park inpsired by the vibrance of the New York Central Park replete with food and shopping outlets set against refreshing al fresco areas. With 38 residential floors, each unit is meticulously designed and angled for the best panoramic view of Cebu City. Unit owners have exclusive access to the Sky Club Amenity Deck and the Sky Gardens for the overlooking infinity pool, fitness gym, private lounges, and multi-function hall. Quick Facts: • 38 residential floors • 3 levels of amenity at the 26th to the 28th floor • 2 main lobbies (East & West) • 8 elevators • 3 levels basement parking • Grand atrium at the center of the tower • Ultra-exclusive VIP units Building Features and Amenities: • Garden Atrium • High Ceiling Lobby • Swimming pool • Showers • Fitness gym • Lounge areas • Multi-function hall • Building Features • 24 hour security • CCTV System • Property Management Services • 100% Back-up Power • MRF (Materials Recovery Facility) • FDAS (Fire Detection Alarm System) • Automatic Sprinkler System • Domestic Water Tank
For more information, click here https://u.to/CsWJHg
0 notes
Text
Cebu Landmasters establece gastos de capital de $ 13.5 mil millones para 2023
Cebú Landmasters, Inc. (CLI), el desarrollador de bienes raíces en Visayas Mindanao, reportó sus gastos de capital (capex) para el año en 13,500 millones de pesos, un 23% más que los 10,980 millones de libras del año pasado.
Según el comunicado de la empresa del jueves, la mayoría de los gastos de capital (83%) se utilizará para el desarrollo de proyectos, mientras que un porcentaje menor (11%)…
View On WordPress
0 notes
Photo
Congratulations our dear business partner Ma'am Jan Mary Beato for closing a deal at Villa Casita North By Cebu Landmaster Inc .. Congratulations ma'am we are so happy and proud of your success reservation .. you did a great job .. More sales to come ma'am Jan Mary .. We are always here for your success .. keep it up ma'am .. go go go team Magic Champion .. 😍😍😍😍😍🙏🙏🙏🙏🙏 Thank you Lord .. 😊😊😊😊 #ThankYouLord #TeamMagicChampion #FebruarySales #VillaCasitaNorth #dppigoals (at Alma Resort Cam Ranh) https://www.instagram.com/p/Co8bh45hcrV/?igshid=NGJjMDIxMWI=
0 notes
Text
Cebu Landmasters Inc. set to surpass year-end targets again, produces youngest ING-FINEX CFO of the Year
Leading developer in Visayas and Mindanao (VisMin) Cebu Landmasters, Inc. (CLI) is set to exceed its 2022 growth target and reported a 43% year-on-year surge in revenues to Php10.96 billion in the first nine months of the year.
The firm also successfully listed its first fixed-rated bond offering Php5 billion at the Philippine Dealing and Exchange Corporation last October 7. These bonds earned…
View On WordPress
0 notes
Text
CLI says Palawan project hits 85% reservation sales
CLI says Palawan project hits 85% reservation sales
CEBU LANDMASTERS, Inc. (CLI) sold 85% of the first phase of its economic housing project in Puerto Princesa, Palawan in less than a week, the listed property developer said on Thursday.
“We are very pleased that our first venture in Luzon is a success. This shows that there is indeed a broader market for our bestselling housing brand Casa Mira beyond VisMin (Visayas-Mindanao),” CLI Chairman and…
View On WordPress
0 notes
Text
👁👁Own a condo in Cebu as low as 4,991 a month.
CASA MIRA TOWERS MANDAUE
Developer: No.1 in Vismin- Cebu Landmasters Inc
Interested: message me or U may
Call 09173047229/09432569823
1 note
·
View note
Text
CLI expands to Eastern Visayas with Casa Mira Homes Ormoc
CLI expands to Eastern Visayas with Casa Mira Homes Ormoc
Leading developer in VisMin Cebu Landmasters, Inc. (CLI) has accelerated its expansion to Eastern Visayas with the recent launch of Casa Mira Homes Ormoc, a 685-unit subdivision project on a 9-hectare property expected to generate sales of Php 2 billion in revenues.
Pre-selling activities preceded the launch of the Php 950 million development offering townhouses and single-detached units with…
View On WordPress
0 notes
Text
Cebu Landmasters reports 28% first 9 month growth
Solidifies market leadership in VisMin
● CLI reported a 28% increase in consolidated net income, reaching P3 billion by end-September.
● Double-digit revenue growth across all business segments led to an 18% rise in gross revenue to P12.93 billion
● Colliers International's most recent study reaffirms CLI's market leadership in VisMin with the highest market share at 23% in net take-up.
Leading developer in VisMin Cebu Landmasters Inc. (CLI) continued to deliver robust growth in its consolidated net income for the first nine months of the year, posting a 28% rise to hit P3 billion in end-September from the P2.4 billion recorded in the same period last year.
CLI’s net income attributable to the parent company also posted a solid 9% increase to reach P2.4 billion from P2.2 billion in the previous year.
Cebu Landmasters unveiled the fourth tower of Casa Mira Towers Palawan early this year with the first three towers already fully sold out less than a year after launch. Casa Mira, CLI’s flagship economic brand, accounted for 52% of total sales in the first nine months of the year, underscoring continued strong demand for housing in the economic market.
Impressive double-digit revenue growth was recorded across all of CLI’s business segments, pushing the listed firm’s gross income to rise by 18% to P12.93 billion from P10.96 billion.
"We are very pleased with our performance this year, achieving double-digit profit expansions in the last three quarters despite the headwinds of inflation and higher interest rates in the country. This underscores CLI's commitment to providing value to shareholders and affirms the sustainability of our growth trajectory,” CLI chairman and CEO Jose Soberano III said.
Across segments, CLI’s real estate unit continued to be the primary driver of the company's revenue. The sector posted a remarkable 17% increase, propelled by ongoing construction progress and higher units that qualify revenue recognition.
CLI's sales also surged 25% to reach P17 billion in the first nine months of the year. Casa Mira, CLI’s flagship economic brand, accounted for 52% of total sales, underscoring continued strong demand for housing in the economic market. The listed company successfully launched 3,664 units valued at P14.87 billion as of end-September, contributing to an exceptional 93% sell-out status for all projects in various stages of development.
CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the grand opening of Citadines Bacolod City in the next months.
The listed company’s other verticals also experienced notable growth. CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. Its leasing business saw a 43% increase in revenue, driven by a 71% rise in occupancy rates. This was attributed to upcoming handovers in strategic locations like Davao Global Township and 38 Park Avenue, along with other prime commercial spaces nearing completion.
Throughout the year, the company spent a total of P10.4 billion in capital expenditures, mostly allocated to project development. A notable investment was the acquisition of a 21-hectare land in the city of General Santos, planned to be developed as economic and mid-market communities.
Meanwhile, Colliers International's recent real estate market study affirms CLI's continued market leadership in VisMin. As the foremost developer, the listed company holds the highest market share at 23% in net take-up.
“We are honored to be of service to our primary market, the VisMin region,” Soberano said. “Rest assured, we remain committed to fulfilling our promise of customer-centric development. Our achievements inspire us to continually enhance our services for all stakeholders."
Looking forward, CLI has entered into a partnership with NTTUDA, a major Japanese developer known globally for commercial properties, including office buildings, residences, and mixed-use developments. This is the listed company’s first foreign joint venture partnership and is geared towards the development of premium-grade residential towers in the heart of Cebu City.
“While we are thrilled with what has been a milestone year in which we celebrate our 20th anniversary, we look forward to reaching new heights with more developments and key partnerships on the horizon,” Soberano said.
CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the opening of lyf Cebu City in the next months.
CLI plans to launch two to three additional projects this year, including Casa Mira Homes Butuan, which is projected to generate P 2 billion in sales. Three new hotels are also scheduled to open in the next few months: The Pad Co-Living in Banilad High Street, lyf Cebu City in Base Line Center and Citadines Bacolod City. Additionally, an expansion project is in the works for the highly successful Calle 104, which achieved remarkable sales in a short span of time.
CLI is also finalizing its first-ever site in Luzon, located in Naga City.
SUGGESTED PHOTOS
Cebu Landmasters unveiled the fourth tower of Casa Mira Towers Palawan early this year with the first three towers already fully sold out less than a year after launch. Casa Mira, CLI’s flagship economic brand, accounted for 52% of total sales in the first nine months of the year, underscoring continued strong demand for housing in the economic market.
CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the opening of The Pad Co-Living in Banilad High Street on November 20. Standard rooms available are from single to quadruple sharing. There are also Special Rooms for 3 persons or a family of 4.
CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the opening of lyf Cebu City in the next months.
CLI’s hotel portfolio revenue surged 78% during the period, fueled by both higher room rates and increased occupancy. This is expected to grow further with the grand opening of Citadines Bacolod City in the next months.
0 notes
Photo
Baseline Prestige Residences Location : Juana Osmeña Street, Cebu City Developer : Cebu Landmasters Inc. We've got the best location that connects you to almost anywhere important in Cebu City. - accessible - lesser traffic - near schools and hospitals - perfect for rental Get your own Baseline unit today! Whatsapp/Viber : 0917-9405560 for inquiries and reservations. Skype : [email protected] #FilipinoHomes #BaselinePrestigeResidences #LeuterioRealtyandBrokerage (at Baseline Prestige Residences Cebu) https://www.instagram.com/p/B9srUFIg22S/?igshid=1kz4yhf6i9i46
1 note
·
View note
Photo
New Studio for Sale in 38 Park Avenue
New Studio for Sale in 38 Park Avenue - Cebu IT Park Property ID: SRD55D Type: Condo for Sale Location: Cebu City, Cebu IT Park, 38 Park Avenue Floor Area: 24 SqM Bedroom: 1 Bathroom: 1 Furnishing: Unfurnished Imagine a place where park meets the city. And where East and West are one in panoramic view. Standing high in an avenue, over an address that never sleeps. A New York inspired masterpiece in our very own Cebu IT Park. Proudly brought to you by the El Camino Developers Cebu, Inc. Developed and managed by the Cebu Landmasters, Inc. Featuring The Plaza at the Park Avenue, a green open retail park inpsired by the vibrance of the New York Central Park replete with food and shopping outlets set against refreshing al fresco areas. With 38 residential floors, each unit is meticulously designed and angled for the best panoramic view of Cebu City. Unit owners have exclusive access to the Sky Club Amenity Deck and the Sky Gardens for the overlooking infinity pool, fitness gym, private lounges, and multi-function hall. Quick Facts: • 38 residential floors • 3 levels of amenity at the 26th to the 28th floor • 2 main lobbies (East & West) • 8 elevators • 3 levels basement parking • Grand atrium at the center of the tower • Ultra-exclusive VIP units Building Features and Amenities: • Garden Atrium • High Ceiling Lobby • Swimming pool • Showers • Fitness gym • Lounge areas • Multi-function hall • Building Features • 24 hour security • CCTV System • Property Management Services • 100% Back-up Power • MRF (Materials Recovery Facility) • FDAS (Fire Detection Alarm System) • Automatic Sprinkler System • Domestic Water Tank
For more information, click here https://u.to/BAceHQ
0 notes
Text
PRA Greenlights CLI's - Ming-Mori Techno Business Park
PRA Greenlights CLI's - Ming-Mori Techno Business Park
by James A. Loyola | Manila Bulletin | October 6, 2021
The Philippine Reclamation Authority has issued a final Notice to Proceed for a 100-hectare reclamation project – Ming-Mori Techno Business Park, where Cebu Landmasters Inc. (CLI) plans to develop a P20 billion business park.
In a disclosure to the Philippine Stock Exchange, CLI said the reclamation project is being proposed by the Municipality of Minglanilla, Cebu in partnership with Ming-Mori Development Corporation (MMDC), a subsidiary of CLI.
In its Resolution 5389 series of 2021, the PRA Board of Directors unanimously approved the NTP, which will pave the way for the creation of a techno-business hub in Minglanilla with a fully integrated port facility.
The township development also features commercial, industrial, civic, and recreational components to create a thriving and self-sustaining environment. It is estimated to generate over 75,000 jobs in light manufacturing industries.
In August 2021, CLI increased its stake in MMDC to 80 percent in order to strengthen its position as developer and project manager of this township development.
Minglanilla and MMDC obtained project approval from PRA back in June, following a 5-year comprehensive review including the issuance of Environmental Compliance Certificate.
The process involved extensive consultation with a wide range of stakeholders as well as submission of development objectives demonstrating environmental responsiveness.
The bidding and awarding of contracts to contractors and suppliers is scheduled in the fourth quarter this year while actual reclamation is targeted by the first half of 2022.
Ming-Mori Techno Business Park is CLI’s third large-scale township project after those in Davao and Cagayan de Oro.
0 notes
Text
PRA Greenlights CLI's - Ming-Mori Techno Business Park
PRA Greenlights CLI's - Ming-Mori Techno Business Park
by James A. Loyola | Manila Bulletin | October 6, 2021
The Philippine Reclamation Authority has issued a final Notice to Proceed for a 100-hectare reclamation project – Ming-Mori Techno Business Park, where Cebu Landmasters Inc. (CLI) plans to develop a P20 billion business park.
In a disclosure to the Philippine Stock Exchange, CLI said the reclamation project is being proposed by the Municipality of Minglanilla, Cebu in partnership with Ming-Mori Development Corporation (MMDC), a subsidiary of CLI.
In its Resolution 5389 series of 2021, the PRA Board of Directors unanimously approved the NTP, which will pave the way for the creation of a techno-business hub in Minglanilla with a fully integrated port facility.
The township development also features commercial, industrial, civic, and recreational components to create a thriving and self-sustaining environment. It is estimated to generate over 75,000 jobs in light manufacturing industries.
In August 2021, CLI increased its stake in MMDC to 80 percent in order to strengthen its position as developer and project manager of this township development.
Minglanilla and MMDC obtained project approval from PRA back in June, following a 5-year comprehensive review including the issuance of Environmental Compliance Certificate.
The process involved extensive consultation with a wide range of stakeholders as well as submission of development objectives demonstrating environmental responsiveness.
The bidding and awarding of contracts to contractors and suppliers is scheduled in the fourth quarter this year while actual reclamation is targeted by the first half of 2022.
Ming-Mori Techno Business Park is CLI’s third large-scale township project after those in Davao and Cagayan de Oro.
0 notes
Text
CLI says first Luzon project hits 85% reservation sales
CLI says first Luzon project hits 85% reservation sales
CEBU LANDMASTERS, Inc. (CLI) sold 85% of the first phase of its economic housing project in Puerto Princesa, Palawan in less than a week, the listed property developer said on Thursday.
“We are very pleased that our first venture in Luzon is a success. This shows that there is indeed a broader market for our bestselling housing brand Casa Mira beyond VisMin (Visayas-Mindanao),” CLI Chairman and…
View On WordPress
0 notes
Last Seen Blogs
riyue-wu-xing
Kung Fu Panda
kumarakomheritage123
Untitled
nicoleclowes
Art of Nicole Clowes
vanceapartments
Vance Apartments