CEBU Landmasters, Inc. (CLI) posted a 13.6% increase in higher reservation sales last year to P18.8 billion, with mid-market residential projects driving sales, the Visayas-Mindanao property developer said on Tuesday. READ:
AN architect’s perspective of an aerial shot of Casa Mira Towers Palawan.
In a disclosure to the stock market, the company said sales in its mid-market residential projects surged by 95% to P8.83 billion, accounting for 47% of the total reservation sales last year. Up to 73% of the booked “record-high” reservation sales came from newly launched development. The rest came from demand for ongoing projects.CLI’s Calle 104 in Cebu City was fully taken up in three days, while its East Village project in Davao Global Township was sold out in four days. Casa Mira Towers Palawan was sold out in less than a week.
Its ongoing projects booked an overall take-up rate of 91%, while 97% of its completed projects have been fully taken up.
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