Property developer Cebu Landmasters Inc. (CLI) racked up P4.58 billion in reservation sales last year, exceeding its full-year goal, due to the robust take-up of key residential projects. The full-year reservation sales exceeded CLI’s goal by 13.75 percent and marked a 55.6-percent improvement over the reservation sales posted in 2016. Reservation sales are a good indicator of how much revenues can grow in the years ahead once real estate construction […]

Signs of progress. High-rise buildings have sprouted all over Metro Cebu, but local fire officials are ill-equipped to handle catastrophes should any of the higher levels catch fire. (SunStar Foto/Allan Cuizon) REAL estate players in Cebu are willing to sit down with the concerned government agencies and the Cebu City Government to discuss how all parties can work together to ensure safety standards of high-rise buildings will be observed. Cebu […]

New bridge project to employ 1,000 Big-Ticket project. CCLEC president Allan Alfon (second from left) awards a contract to Cebu Link Joint Venture authorized representative Ruben Camba. The event is witnessed by local government officials and contractors. (SunStar Photo/Amper Campaña) CLOSE to 1,000 workers will be hired to build the Cebu-Cordova Link Expressway (CCLEX). Majority of the workers will be sourced from Cebu, especially those from the town of Cordova […]

Booming industry. As land becomes more expensive, developers are opting to build condominiums. Applications for license to sell condominiums rose 183 percent, the Housing and Land Use Regulatory Board noted. (SunStar File) CONFIRMING the construction boom in Cebu, the Housing and Land Use Regulatory Board (HLURB) reported a triple-digit growth rate in the rise of license to sell (LTS) applications for condominium projects. From 40 LTS received in 2016, this […]

New Oakridge tower affirms Lius’ property expansion RISING. At the opening of the Oakridge It Center 2 were (top left photo, from left) Atty. Cirilo P. Noel, Alfred H. Go, Bernie H. Liu, Mandaue City Mayor Luigi Quisumbing, Presidential Assistant for the Visayas Michael Dino, Rep. Jonas Cortes, Vice Mayor Carlo Fortuna, Oakridge Realty Development CEO Edmun H. Liu, Charlie H. Liu, and Doris Liu-Ong. (SUNSTAR FOTOS / ALLAN CUIZON) […]

one deal. Cebu Landmasters CEO Jose Soberano III (center) seals the deal with The Ascott Limited general manager Arthur Gindap. Landmasters COO Jose Franco Soberano (right) was also one of the signatories of the agreement. (SunStar Photo/Alex Badayos) LISTED-PROPERTY developer Cebu Landmasters Inc. (CLI) is chasing after millennials for its latest hospitality project. Yesterday, The Ascott Limited (Ascott) signed its first lyf brand in the Philippines with CLI. Named lyf […]

SOHO. Priland Development Corp. officials believe the self-employed are in need of small home offices and that their project is suited to that kind of lifestyle. (SunStar Foto/Arni Aclao) WITH the growing number of home-based professionals and startups in Cebu, a local developer is configuring some units of its newest condominium project for small office home office (SOHO) use. In a press conference yesterday, Priland Development Corp. introduced Northwoods Place, […]

CEBU. This photo shows the artist’s perspective of the Cebu-Cordova Link Expressway, between known as Cebu’s third bridge. (Contributed photo) A CONSORTIUM between a Spain-based and two Philippine-based construction firms will construct the multi-billion Cebu-Cordova Link Expressway (CCLEX), which will connect Cebu City to Cordova. The Cebu Cordova Link Expressway Corporation issued the Notice of Award for the “design and build” contract of the 8.5-kilometer third bridge to Cebu Link […]

LOCAL developers with large parcels of land in Cebu but are constrained by their lack of expertise in developing integrated communities can sell individual lots or portions of it to national developers, a property and management firm advised. Colliers International Philippines said this arrangement, albeit uncommon, gives opportunities to both parties. “We believe that both local and national developers in Cebu mutually benefit from this arrangement with the national developer […]

PROPERTY developer Contempo Property Holdings Inc. will launch more residential projects next year. Beverly Dayanan, the firm’s chief executive officer, said over a thousand new house units will be added to Cebu’s housing inventory as she plans to add at least two horizontal projects, one each in the south and north of Cebu. “By next year, we will be aggressive in horizontal developments,” said Dayanan, following the success of the […]