Cebu City—(PHStocks)—Cebu Landmasters Inc. (PSE: CLI) was able to book PhP2.87 billion of reservation sales for the first half of 2017. In just six months, the company has almost breached its full year 2016 reservation sales figure of PhP2.94 billion.
“We are very pleased to report our strong reservation sales performance for the first half of 2017,” CLI President & CEO Jose R. Soberano III said in a statement. “This is a testament to the strong demand for CLI’s diverse range of real estate offerings in Vis-Min which encompass the high-end, mid-market, and economic residential products along with our growing commercial and hospitality portfolio.” Soberano was named “Entrepreneur of the Year” by Cebu Chamber of Commerce and Industry last month.
The solid performance was driven by strong sales across various projects, particularly from the company’s new launches, 38 Park Avenue in Cebu IT Park, MesaTierra in Davao, and Casa Mira South economic housing project in Naga, Cebu.
Launched in March this year, 38 Park Avenue has already sold out 60% of its inventory. Furthermore, MesaTierra, a 22-storey residential condominium positioned at the center of Davao city, sold over 80% of its inventory since launching in March this year.
Capitalizing on its well-designed projects, the company is confident that the outstanding sales performance in the first half will continue to be seen until the end of the year.