CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Aug 1, 2023
2. SEC Identification Number
CS200321240
3. BIR Tax Identification No.
227-599-320-000
4. Exact name of issuer as specified in its charter
CEBU LANDMASTERS, INC
5. Province, country or other jurisdiction of incorporation
CEBU CITY, CEBU, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITYPostal Code6000
8. Issuer's telephone number, including area code
(032) 2314914
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES
3,465,201,467
11. Indicate the item numbers reported herein
OTHER ITEMS
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Cebu Landmasters, Inc.CLI
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Cebu Landmasters’ P2.5 billion Mindara Residences sold out in less than a week
Background/Description of the Disclosure
● Cebu Landmasters, Inc. (CLI)’s Mindara Residences sells out in less than a week, reflecting strong market demand. ● The P2.5 billion residential development is the listed company’s second of its fast-selling Garden Series offerings in Davao City. ● Integrated within LPU Town Davao, a university township, the two-tower Mindara Residences promotes a unique living experience with generous garden-inspired features and amenities.
Cebu Landmasters’ Mindara Residences in Davao City posted outstanding sales performance with its units snapped up within days after market introduction, showing another robust market absorption of projects from the leading developer in VisMin.
The promptly sold-out P2.5 billion residential development forms part of the listed company’s fast-selling Garden Series offerings. Mindara Residences is integrated within LPU Town Davao, a university township located a few meters away from Davao International Airport and major establishments, promoting the well-balanced Davaoeño lifestyle.
“Mindara Residences’ remarkable sales reflect the invaluable trust of end-users and investors in CLI projects, inspiring us to uphold our commitment to serve our markets by providing them with quality developments,” CLI chairman and chief executive officer Jose R. Soberano III said.
Mindara Residences serves as the perfect abode for a dynamic life. It is envisioned as an urban community where residents, including young professionals, thrive in the comforts of nature and are inspired by the vibrant sensibilities of culture.
Featuring generous garden-inspired features and amenities, Mindara Residences promises a unique and inspired living experience. The two-tower development is designed to come alive with stunning landscaped roof decks, pocket gardens on several floors, a leisure pool, and a shared podium for retail spaces and basement parking.
The North and South Towers of Mindara Residences cover a 3,698 sqm lot. The development also has sustainable features, such as cross ventilation and natural lighting in the hallways and corridors.
Mindara Residences presents a total of 546 studio and one-bedroom units. The floor areas range between 22 sqm and 43 sqm, while the price goes from P3.1M to P8.8M.
CLI has more than 100 projects in different stages of development in 16 key cities in VisMin. The listed company is in its twentieth year of giving more value to a Filipino family’s home investment and will soon expand to Luzon.
For more information about CLI and Mindara Residences, please visit https://www.cebulandmasters.com/project/mindara-residences/.
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Other Relevant Information
NOTE: The disclosure contains forward-looking statements and facts that are subject to considerable risks and uncertainties. These forward-looking statements include, but are not limited to, statements about known and unknown risks; uncertainties and other factors that may cause actual results to differ from expected future performance.
Cebu Landmasters, Inc.CLI