Cebu Landmasters Expands Presence in Northern Mindanao with Two New Residential Projects

Leading VisMin property developer Cebu Landmasters Inc. (PSE: CLI) boosts its presence in underserved Northern Mindanao with the recent launch of two residential projects valued at PhP1.26 billion that innovatively meet the needs of mid and economic-income housing clients.

Casa Mira Towers CDO is a PhP824 million, two-tower condominium development offering 986 units ranging from 20 sqm studios to 36 sqm one-bedroom units in a strategic Barangay Kauswagan location and generous amenities. Projected completion date will be in the fourth quarter of 2022.

The PhP437 million Velmiro Uptown CDO offers 396 house-and-lots in a 14-hectare gated subdivision in the rapidly developing Upper Canitoan area of Uptown Cagayan de Oro with 80% open spaces. Velmiro is set for turnover to clients by the fourth quarter of 2021.

CLI chairman and CEO Jose Soberano III disclosed that “we focus our projects in VisMin and serve the diverse needs of the region’s property markets. Cagayan de Oro is the second largest economic driver of Mindanao and Cebu Landmasters is rapidly expanding to serve the evolving real estate market needs in the area.”

CLI’s popular housing brand Casa Mira, for example, has sold close to 6,000 units in four Cebu province locations and another location in Dumaguete City by “offering more to the Filipino family,” according to Soberano. The economic housing project gives clients amenities such as pool, gym, clubhouse and play area, all of which are more closely associated with higher-end residential products.

Velmiro likewise exceeds client expectations with its strategic and rapidly developing location in CDO near schools, hospitals and malls and upscale amenities. It offers units designed to maximize space, optimize views, and use natural lighting and ventilation.

Cebu Landmasters has mastery of its VisMin markets and was recently named best developer in the country by PropertyGuru Philippines Property Awards. It now has 58 projects in different stages of development covering residential, office, retail, hotels and a 22-hectare township in Davao City. “We expect to roll out 29 more before the year ends,” declared Soberano who remain bullish about prospects of the VisMin markets.

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