Cebu Landmasters expands beyond VisMin, buys 70-hectare Cavite property for flagship Luzon township

Visayas and Mindanao (VisMin) developer Cebu Landmasters Inc. (CLI) has firmed up its plan to venture into the more competitive Luzon real estate market with the acquisition of a 70-hectare (ha) property in Dasmariñas City, Cavite province. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, April 10, the firm said the move strengthens its foothold beyond its core markets and sets the stage for a landmark township development in southern Luzon. “This milestone represents a key step in widening CLI’s reach and entering new growth markets,” said CLI Chairman and Chief Executive Officer (CEO) Jose R. Soberano III. “As we expand beyond our Visayas and Mindanao stronghold, we aim to bring CLI’s brand of service, quality, and thoughtfully planned communities to Luzon, unlocking new economic opportunities, creating jobs, and contributing to sustained regional growth while responding to the evolving needs of Filipino homebuyers.” Strategically located near Governor’s Drive and proximate to major thoroughfares, including Cavite-Laguna Expressway (CALAX), the Dasmariñas site sits within a vibrant economic corridor in Calabarzon region. The area benefits from strong residential demand, improving infrastructure, and accessibility to key transport routes, as well as proximity to notable schools, hospitals, and established residential communities, positioning it well for a large-scale, master-planned township development. CLI said it intends to develop the property into its flagship township project in Luzon, with a predominantly residential offering across economic and mid-market segments, targeting the development of 6,000 homes over multiple phases. The master plan will allocate dedicated spaces for commercial, institutional, and estate facilities, designed to support a self-sustaining, integrated, and sustainable community aligned with CLI’s township development expertise. The initial phases of the township are targeted for near-term launch, with first-phase developments expected between 2027 and 2028, allowing for immediate utilization of the site and timely response to housing demand in the area. The Dasmariñas property forms part of CLI’s broader Luzon expansion strategy, as the company continues to prudently grow its land bank to support future project launches while maintaining discipline in capital deployment and execution. Relative to the company’s overall scale and current development pipeline, the transaction is not expected to materially affect CLI’s operations or financial condition in the near term.
2026-04-10 07:20:00