Cebu Landmasters bares P17-b projects

Property Cebu Landmasters Inc. said Tuesday it plans to launch 8,000 residential units this year with total sales value of P17 billion amid strong demand despite the pandemic.

CLI executive vice president and chief operating officer Franco Soberano said in a disclosure to the stock exchange the company was positive about 2021 as the global and local economies start to recover from the impact of the pandemic.

“Despite the many challenges posed by the pandemic in 2020, our sales figures indicate strong revenue streams ahead and an upward growth trajectory. We found many opportunities amidst the crisis that contributed to our performance,” Soberano said.

CLI launched nine projects last year worth P11.4 billion accounting for 4,300 units in fresh inventory. CLI will use properties in its landbank for new projects in 2021.

“We will launch the projects as soon as external factors allow and hope to further contribute to the shared goal of economic recovery,” Soberano said.

Topics: Cebu Landmasters Inc. , residential units
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