CEBU Landmasters Inc. on Thursday said it will roll out at least P10.61 billion worth of economic housing projects during the remaining months of the year in the Visayas and Mindanao, where demand for housing continues to expand.
This amount was in addition to the P7.09-billion programmed projects, already unveiled in the first half of the year, bringing the total amount of developments launched to reach P17.7 billion for the year.
It will roll out 14 projects in Sibulan in Negros Oriental, Bacolod, Iloilo, Cebu, Davao and Cagayan de Oro.
These included more than 7,000 economic housing units, two new hotels in mixed-use projects in Cebu and two new mid-end projects in Bacolod and in Cagayan de Oro.
“The real-estate market in the Visayas and Mindanao continues to thrive. Our vertical and horizontal project launches are proudly spread out across the most progressive markets in the region. Our expansion to these key VisMin cities of Cagayan de Oro, Davao, Bacolod, Iloilo and Dumaguete is a strong indication of our positive outlook. We are also banking on our expertise and know-how as a homegrown player from VisMin,” company Chief Operating Officer Franco B. Soberano said.
He said the company will introduce two more hotels in its mixed-use projects in Cebu City, in addition to their first hotel Citadines by Ascott.
Cebu Landmaster was also to expand its economic housing brand Casa Mira, which will now have, in total, more than 7,000 economic-housing units as it expands to four more locations. Casa Mira Coast in Sibulan, Negros Oriental, will have 543 units; Casa Mira in Iloilo City, 526 units; Casa Mira Granada in Bacolod, 637 units; and Casa Mira Towers Guadalupe in Cebu City, 727 more units.
In the mid-end segment, a project, called MesaVirre Garden Residences, will rise in
Bacolod City.
Velmiro Heights, meanwhile, will also be launched in Cagayan de Oro.
The company has also created Cebu Landmasters Property Management Inc., to handle all property-management functions to ensure the quality of operations.
“Our key value add-on is in the expertise and hands-on culture of the company. With a dedicated property-management arm, we will set high standards for the security, maintenance/upkeep, financial health, and strive to foster a harmonious community among unit owners. This all leads to the protection and growth of property values,” Soberano said.