In its recent disclosure in the PSE, Cebu Landmasters, Inc (CLI) announced a noteworthy 28% surge in consolidated net income, reaching an impressive P3 billion by the close of September. This achievement not only reflects CLI's robust financial performance but also cements its market leadership in the Visayas-Mindanao (VisMin) region.
The company's success is underscored by double-digit revenue growth across all business segments, resulting in an 18% upswing in gross revenue, totaling P12.93 billion. Colliers International's recent study further validates CLI's market dominance in VisMin, with an impressive 23% net take-up market share.
Casa Mira, CLI's flagship affordable housing brand, played a pivotal role, contributing to 52% of total sales. This statistic emphasizes the sustained and robust demand for housing within the economic market segment.
Throughout the year, CLI strategically invested P10.4 billion in capital expenditures, primarily dedicated to project development. Notable among these investments is the acquisition of a 21-hectare land in General Santos City, earmarked for the development of economic and mid-market communities.
Given the continued demand and success of the Casa Mira brand, it is anticipated that CLI will persist in developing this market segment in key locations.
Explore our WISH LIST below and share your thoughts on where you'd like to see the next Casa Mira project.
Casa Mira Gensan (General Santos City)
Casa Mira Butuan
Casa Mira CDO
Casa Mira Homes Davao 2
Casa Mira Bukidnon
Casa Mira Bohol
Casa Mira Carcar
Casa Mira Liloan (Cebu)
Casa Mira Legazpi (Albay)
Casa Mira Naga (Camsur)
CLI is now in 16 key cities in VisMin, serving strong and stable housing demand in the region. The list will keep growing!
Meanwhile, CLI is already expanding in Luzon starting with Casa Mira Towers Palawan.
“Our robust performance last year demonstrates our growing commitment and strengthened leadership in the VisMin region. We have recorded double-digit growth across all market segments since our 2017 IPO. Because of this remarkable growth, we are finally setting our sights on Luzon in the next two years,” CLI Chairman and CEO Jose R. Soberano III said.