Reservation sales of Cebu Landmasters, Inc. (CLI) jumped by 61% in the first half of 2018, keeping the company on track to hitting its full-year targets.
In a statement issued Monday, the Cebu-based property developer said reservation sales—revenue generated from accommodations booking—reached P4.6 billion between January and June, putting the company at 65% of its P7-billion target for the year. This is also higher than the P4.58 billion it recorded over the same period in 2017.
The listed firm attributed the record performance to the strong demand for its projects, specifically the economic housing development in Cebu called Casa Mira South that accounted for 11.2% of its total reservation sales for the first half.
CLI engages in real estate development, sales and leasing, catering to high-end, mid-market, economic, and socialized housing segments. As of this year, the company has 13 completed developments, and two wholly-owned subsidiaries, CLI Premier Hotels International, Inc. and Cebu Landmasters Property Management, Inc. — Arra B. Francia

RELATED ARTICLESMORE FROM AUTHOR