{"id":18718,"date":"2024-05-13T03:03:09","date_gmt":"2024-05-13T03:03:09","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/cebu-landmasters-eyes-cavite-for-expansion\/"},"modified":"2024-05-13T03:03:09","modified_gmt":"2024-05-13T03:03:09","slug":"cebu-landmasters-eyes-cavite-for-expansion","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/cebu-landmasters-eyes-cavite-for-expansion\/","title":{"rendered":"Cebu Landmasters eyes Cavite for expansion"},"content":{"rendered":"<div>\n<p class=\"p3\"><span class=\"s1\">LISTED property developer Cebu Landmasters, Inc. (CLI) is considering a development venture in Cavite as it prepares for its entry into the Luzon market, its chief operating officer said.<\/span><\/p>\n<p class=\"p4\">\u201cDefinitely, a lot of landowners are knocking on our doors. We need to filter this out well, but we\u2019re eyeing a Cavite development. Camarines Sur was our original exploratory area. Now, Cavite is coming in strong,\u201d CLI Chief Operating Officer Jose Franco B. Soberano said during the company\u2019s virtual investors and analysts briefing last week.<\/p>\n<p class=\"p4\"><span class=\"s2\">\u201cOnce it is more firm and definite, we will disclose it. But it is this year. Our office will open very soon in the Makati area. We\u2019re excited to see how well our projects will perform,\u201d he added.<\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">CLI\u2019s first Luzon project is in Naga City under its Casa Mira economic housing brand, which is expected to launch in the second half of this year. <\/span><\/p>\n<p class=\"p4\"><span class=\"s3\">The company has been aiming to enter the Luzon property market to boost its nationwide presence. <\/span><\/p>\n<p class=\"p4\">CLI has P27.65 billion worth of projects in the pipeline. It earmarked P14.5 billion as a capital expenditure budget this year to support its expansion plans.<\/p>\n<p class=\"p4\"><span class=\"s2\">For the first quarter, CLI posted a 15% increase in its attributable net income to P978 million as consolidated revenue soared by 31% to P6.26 billion. <\/span><\/p>\n<p class=\"p4\"><span class=\"s4\">\u201cThis quarter\u2019s notable achievement strongly indicates that we are on track. Our consistently strong sales performance in the preceding years coupled with the significant progress of the construction of our projects are our main contributors to our stellar performance,\u201d CLI Chairman and Chief Executive Officer Jose R. Soberano III said in a separate statement. <\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">CLI shares were last traded on May 10 at P2.75 apiece. \u2014 <b>Revin Mikhael D. Ochave<\/b><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>LISTED property developer Cebu Landmasters, Inc. (CLI) is considering a development venture in Cavite as it prepares for its entry into the Luzon market, its chief operating officer said. \u201cDefinitely, a lot of landowners are knocking on our doors. We need to filter this out well, but we\u2019re eyeing a Cavite development. Camarines Sur was [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[14644,874,1004,5688,612,168,17755],"class_list":["post-18718","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bworldonline","tag-cavite","tag-cebu","tag-expansion","tag-eyes","tag-for","tag-landmasters"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cebu Landmasters eyes Cavite for expansion - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/cebu-landmasters-eyes-cavite-for-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cebu Landmasters eyes Cavite for expansion - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"LISTED property developer Cebu Landmasters, Inc. (CLI) is considering a development venture in Cavite as it prepares for its entry into the Luzon market, its chief operating officer said. \u201cDefinitely, a lot of landowners are knocking on our doors. We need to filter this out well, but we\u2019re eyeing a Cavite development. 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