Cebu Landmasters' housing sales hit ₱11.8B despite COVID-19 woes

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Cebu Landmasters Inc. is optimistic to end the year on a positive note as reservation sales in the first nine months jumped by 13% to ₱11.8 billion, driven by the Visayas and Mindanao markets.

Its Cebu market continued to lead the pack, accounting 38%. About 21% is from projects in Iloilo, while 17% is from projects in Cagayan de Oro. The remaining come from projects in Davao, Bacolod, Dumaguete, Ormoc, and Bohol.

"It is foreseen that the company will exceed its sales target for the year," he was quoted as saying in a disclosure on Monday. The COVID-19 pandemic has forced Cebu Landmasters to tap digital ways to connect to potential buyers, which Soberano says has been successful as the company"has maintained its close connections with its clients though effective digital channels that offered virtual tours and user-friendly and convenient online sales platforms."

 

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