Leading developer in VisMin Cebu Landmasters, Inc. (CLI) sustained its growth momentum in the first nine months of 2025, posting a ₱3.1-billion consolidated net income, up 6% year-on-year from ₱2.9 billion in the same period last year.
The company’s latest performance reaffirms its market leadership in the Visayas and Mindanao property sectors, according to the 2025 Colliers Philippines Real Estate Market Study, which ranked CLI as the top residential developer in VisMin with a 18% market share.
Revenues for the period reached ₱14.3 billion, a 2% increase from ₱14.1 billion year-on-year, reflecting steady topline growth across both property sales and recurring income streams.
“CLI’s sustained performance is being driven by real demand in VisMin’s growth cities,” said Jose Soberano III, Cebu Landmasters Chairman and CEO. “Our portfolio is intentionally diversified and anchored on segments that continue to move. This focus allows us to deliver steady returns while building communities that hold their value over time.”
Robust property sales and expanding recurring income
Real estate sales remained the company’s primary revenue driver contributing ₱12.4 billion, supported by construction progress and unit completions across its economic, mid-market, and premier developments.
CLI’s diversification strategy also bore fruit, with recurring income growing 72% during the period. Hotel revenues more than doubled, up 101%, driven by new openings and stronger occupancy rates, while rental income rose 49% from newly leased spaces. The expansion underscores the company’s continuing efforts to build a more balanced and integrated business model through hospitality and leasing ventures.
Sustained demand and strong project pipeline
Residential reservation sales jumped 27% to ₱19.3 billion, fueled by sustained housing demand and the success of new launches such as One Manresa Place in Cagayan de Oro and Casa Mira Homes Gensan. Nearly 80% of total take-up came from new launches, reflecting the company’s ability to capture emerging housing demand and maintain high sell-out rates across projects.
As of September 30, 2025, total assets grew 18% to ₱128.7 billion, supported by project completions and strategic land acquisitions. CLI’s net debt-to-equity ratio remained healthy at 1.63x, underscoring its disciplined capital management.
The company’s landbank expanded to 188 hectares, providing ample runway for future developments. Among the notable additions is a 79-hectare property in Liloan, Cebu, envisioned to become a mixed-use township with residential and commercial components.
CLI now has 131 projects in its portfolio, including 102 residential developments and an expanding income-generating portfolio of 10 hotels and six office properties, reinforcing its position as a leading full-spectrum developer in the region.
Cebu Landmasters 9M 2025 residential reservation sales surged 27% to ₱19.3 billion year-on-year, fueled by sustained housing demand and successful launches such as Casa Mira Homes Gensan. The architect’s perspective of the development’s Clubhouse is shown above.
Commitment to community resilience
In recent months, the Visayas and Mindanao regions faced natural challenges, including an earthquake and Typhoon Tino, which tested community resilience. CLI promptly activated emergency protocols across all project sites, coordinated with local authorities, and ensured the safety of employees, residents, and tenants.
No major structural damage was reported following inspections, and operations have since normalized. Beyond ensuring safety, CLI also extended relief assistance to affected communities in coordination with partner LGU, reflecting its people-first culture and commitment to nation-building.
Industry leadership and recognition
Reaffirming its market leadership, Colliers Philippines once again named Cebu Landmasters the top developer in VisMin in its 2025 Real Estate Market Study, citing the company’s 18% share in residential sales take-up.
CLI’s operational excellence and strong governance practices also earned recognition from several organizations. It received top distinctions at the 2025 PropertyGuru Philippines Property Awards, including Best Developer in Visayas, Best Developer in Mindanao, and Best Housing Developer.
The Institute of Corporate Directors (ICD) awarded CLI a two-Golden Arrow rating for corporate governance excellence for the second consecutive year, while the People Management Association of the Philippines (PMAP) named the firm 2025 Distinguished Exemplar – Employer of the Year, recognizing its strong workplace culture and employee engagement.
“Each phase of our growth is tied to real needs on the ground,” Soberano said. “We invest in projects that make sense for the market and ensure the quality of life of Filipino families, and we maintain the integrity and commitment to deliver them well. This mission guides how we build and how we run the organization,” Soberano highlighted.
