Cebu Landmasters' 9-month housing sales up 14%

Manila, Oct. 22 -- Cebu Landmasters Inc (CLI), the leading developer in Visayas and Mindanao (VisMin), posted PHP10.5 billion reservation sales in the first nine months of the year, a 14-percent increase year-on-year.

In a statement Thursday, CLI said it registered PHP3.1 billion reservation sales in the third quarter alone.

Focused on economic and mid-range markets in the Visayas and Mindanao, CLI attributed 48 percent of sales to its projects in Cebu, 21 percent to Iloilo, 13 percent to Cagayan de Oro, and 12 percent to Bacolod.

"Demand for CLI housing has remained strong despite the pandemic. And, we attribute this to our focus in meeting the needs of our buyers in each of the fifteen key VisMin cities we serve in terms of product, se...