Cebu Landmasters grows profit, keeps VisMin market lead

Cebu Landmasters Inc. (CLI) sustained its strong performance in 2025, reporting a net income of P3.1 billion for the first nine months of the year—a 6-percent increase from last year’s P2.9 billion.

The Visayas–Mindanao property leader also strengthened its regional dominance. According to the 2025 Colliers Philippines Real Estate Market Study, CLI remains the top residential developer in VisMin, capturing an impressive 18-percent market share.

Why it matters

The performance highlights how real estate demand in VisMin’s fast-growing cities remains resilient—even amid economic shifts and recent natural disruptions in the region, CLI said in a press statement.

The big picture

Revenues grew to P14.3 billion, slightly higher than last year’s P14.1 billion. CLI says the results mirror strong homebuyer activity and a healthy contribution from its hotels and leasing business.

“CLI’s sustained performance is being driven by real demand in VisMin’s growth cities,” said chair and CEO Jose Soberano III. “Our diversified portfolio allows us to deliver steady returns and build communities that hold their value over time.”

Jose Soberano III
Chair and CEO, CLI

Driving the numbers

  • Property sales remain the backbone

Real estate sales contributed P12.4 billion, powered by construction progress and completions across CLI’s economic, mid-market, and premier projects.

  •  Recurring income is accelerating

CLI’s long-term diversification strategy paid off as recurring income jumped 72 percent. Hotel revenues more than doubled, soaring 101 percent on the back of new openings and strong occupancy, while rental income climbed 49 percent, boosted by newly leased commercial spaces.

The push into hospitality and leasing supports CLI’s goal of building a more stable, mixed-revenue business.

An aerial perspective of One Manresa Place in Cagayan de Oro | Contributed photo

  • Residential reservation sales surged 27%

Sales hit P19.3 billion, largely driven by new launches such as One Manresa Place in Cagayan de Oro and Casa Mira Homes Gensan. 

Nearly 80 percent of sales came from newly introduced projects—proof that demand for housing in emerging VisMin cities is far from slowing.

A growing pipeline

CLI’s total assets rose 18 percent to P128.7 billion, while its landbank expanded to 188 hectares, including a 79-hectare site in Liloan, Cebu that will become a mixed-use township.

The company now has 131 projects, including 102 residential developments and a growing revenue-generating portfolio of 10 hotels and six office properties.

Resilience during natural events

Recent natural events—including an earthquake and Typhoon “Tino"—put VisMin communities to the test. CLI activated emergency protocols across its properties, coordinated with local authorities, and conducted site inspections.

No major structural damage was found, and operations quickly normalized. The company also delivered relief support to affected areas.

Industry recognition

CLI continues to rack up awards:

  • Top developer in VisMin (Colliers 2025)
  • Multiple wins at the 2025 PropertyGuru Philippines Property Awards, including Best Developer in Visayas and Mindanao
  • Two-Golden Arrow corporate governance rating (ICD)
  • PMAP 2025 Distinguished Exemplar – Employer of the Year

“We invest in projects that make sense for the market and uplift Filipino families,” Soberano said. “This mission guides how we build and how we run the organization.” —Ed: Corrie S. Narisma

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