September 7, 2025 | 12:00am
MANILA, Philippines — Cebu Landmasters Inc.(CLI), an actual property developer centered within the Visayas and Mindanao, is gearing up for a busy second half, with P29 billion price of recent initiatives and a recent fundraising plan within the pipeline.
“We’re very excited to come back out swinging within the second half. It is going to be very busy and productive for us for our year-end push” CLI chief working officer Jose Franco Soberano mentioned.
CLI’s 12 new initiatives within the second half will deliver residential, mixed-use and lodge properties to key areas like Cebu, Davao, Normal Santos, Ormoc and Palawan.
The corporate mentioned that seven new initiatives in quickly urbanizing areas, together with Metro Cebu, Palawan, the Davao Area and South Mindanao can be launched over the following three months, whereas 5 extra residential developments will probably be unveiled within the final quarter of 2025.
“We’re inspired by the sell-out success of our earlier launches, which displays sturdy, sustained demand throughout our VisMin markets,” Soberano mentioned.
“This momentum helps our strong launch calendar for the second half, aligned with CLI’s confidence within the area’s resilience and our dedication to serving various housing wants throughout worth segments. On the similar time, we’re actively scaling up our Luzon operations in preparation for our first challenge launch within the area by 2026,” he mentioned.
CLI chief monetary officer Grant Cheng, in the meantime, mentioned the corporate can be one other fundraising initiative earlier than the yr ends.
“We launched our very first sustainability-linked bonds earlier this yr. That was supposedly a P10-billion elevate, however strategically, upon session with our underwriters and bankers, we determined to separate that fundraising into two. So we may have the second a part of that fundraising,” Cheng mentioned.
“We are going to launch it within the third quarter to be made for public supply within the fourth quarter. We’re making ready the groundwork for that however these are the corporate’s plans,” he mentioned.
CLI efficiently raised P5 billion from an oversubscribed sustainability-linked bond issuance final March.
The issuance served because the second tranche of CLI’s P15-billion shelf-registration program, leaving P5 billion obtainable for future issuances.
CLI reported a strong first half, with consolidated web revenue rising by 13 p.c year-on-year to P2.49 billion, pushed by sustained gross sales momentum, improved income recognition and sooner challenge completions throughout the area.
Revenues rose by 5 p.c to P11.87 billion, with actual property gross sales remaining the first contributor.
“Our sturdy efficiency within the first half of the yr displays the disciplined execution of our progress technique and our deep dedication to addressing the housing wants of the VisMin market. Regardless of continued financial headwinds, CLI stays well-positioned, persistently producing high-quality earnings and delivering worth to our stakeholders,” CLI chairman and CEO Jose Soberano III mentioned.
