Visayas-Mindanao developer, Cebu Landmasters Inc. (CLI), intends to further strengthen its presence in Western Visayas with the development of a P1.5 billion residential condominium project, anchored by high-visibility retail spaces in a strategic Iloilo City location, its press release said.
The listed firm recently signed a joint venture agreement with businessman Alfonso Tan, chairman of International Builders Corporation, for a high-rise residential tower on a prime corner lot in the city’s downtown area.
CLI will own 50 percent of the residential development and will manage it. IBC will simultaneously develop a downtown mall that connects to the residential tower, that will be the first condo offering in the highly accessible downtown area, the press release said.
CLI has a range of housing brands, from starter homes in the economic segment, to residential condominiums targeted towards mid-market dwellers to top-end residential units in prime city locations. It launched P14 billion worth of projects in the first nine months of 2019 in key VisMin cities, including mixed-use complexes that integrate residential, office, and commercial uses.
A number of these integrated developments in Cebu, Davao, and Bacolod will include hotels, the press release added.*
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