Cebu Landmasters Sets Sights on Luzon Expansion, Reinforces Growth Trajectory with P29.75B Worth of New Projects

In a remarkable display of resilience and success, Cebu Landmasters, Inc. (CLI), the leading developer in the Visayas and Mindanao (VisMin) region, achieved record-breaking financial results in 2022. With a normalized net income of P3.17 billion, representing a 32% increase from the previous year, CLI demonstrated its unwavering commitment to growth and development. Building on this momentum, CLI announced its strategic plan to expand its operations to Luzon, undertake new projects worth P29.75 billion, and enhance its presence in the hospitality sector. This article examines CLI's remarkable performance, its expansion plans, and its commitment to sustainability.

Unleashing Growth: CLI's Phenomenal Financial Performance:

CLI's outstanding financial performance in 2022 highlights its growing dominance in the VisMin real estate market. With double-digit growth across all market segments since its 2017 initial public offering (IPO), CLI has established itself as a market leader. The company's normalized net income of P3.17 billion reflects its resilience amidst the challenges posed by the pandemic and typhoon Odette. CLI's success can be attributed to its diversification strategies, sound management, and its ability to seize opportunities even in adverse conditions.

Charting a New Course: Expanding to Luzon:

In a strategic move to solidify its growth trajectory, CLI aims to establish its presence in Luzon within the next two years. CLI's decision to expand to Luzon, the country's most populous and economically vibrant region, presents significant opportunities for the company. By venturing into new markets, CLI can leverage its expertise and established brand to capitalize on Luzon's robust real estate sector. This expansion plan not only signals CLI's ambition but also showcases its commitment to becoming a truly national player in the real estate industry.

Diversifying Offerings: Strengthening the Hospitality Segment:

Recognizing the potential of the hospitality industry, CLI is diversifying its portfolio with three major projects set to open in 2023. The Pad at Banilad High Street, lyf Cebu City at Base Line Center, and Citadines Bacolod City will cater to the evolving needs of travelers and residents. With 1,542 room keys currently under construction, CLI is poised to make a significant impact in the hospitality sector. This strategic move aligns with CLI's vision of providing sustainable and flourishing developments that enhance the quality of life for individuals across the VisMin region and beyond.

Commitment to Sustainability: A Cornerstone of CLI's Strategy:

CLI's commitment to sustainability sets it apart as a responsible corporate citizen. Despite the challenges posed by the pandemic and natural disasters, CLI has doubled down on its sustainability initiatives. The company is dedicated to building developments that not only meet the needs of its customers but also contribute positively to the environment. By focusing on sustainable practices, CLI is positioning itself as a leader in responsible real estate development.

Cebu Landmasters, Inc.'s extraordinary financial performance in 2022 and its ambitious growth plans for the future underscore its position as a leading developer in the VisMin region. With its expansion into Luzon, diversification into the hospitality sector, and unwavering commitment to sustainability, CLI is charting a new course that will shape the real estate landscape in the Philippines. As CLI continues to drive innovation and provide sustainable and flourishing developments, it remains poised to unlock new opportunities and achieve further success in the years to come.