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CLI BARES CONDO LAUNCH IN MANDAUE, CEBU
- By The Financial District
- Mar 26, 2021
- 1 min read
Listed property developer Cebu Landmasters, has announced that through joint venture firm Cebu Homegrown Developers, Inc., it has launched its latest condominium project with premium amenities in Mandaue City, Cebu aimed at meeting the housing needs of a surging segment of upwardly mobile professionals and entrepreneurs in the region.
In a disclosure to the PSE today, the company said its P 3 billion development Mandtra Residences is managed and developed by CLI and offers condo units from 21 sqm. to 41 sqm. ranging from Php 2.35 million to P4.17 million.
It began preselling its first tower in March and was close to 60% sold after three weeks. Jose Soberano III, president and CEO of CLI, remarked:
“We want to strengthen our leadership in our home base and this joint venture enables us to have access to high-value locations that allow us to offer a new generation of Cebuano entrepreneurs and professionals seeking upgraded living spaces. Our exceptional sales velocity indicates we are indeed meeting a highly felt need.”
With construction already underway, Mandtra Residences is a three-tower development on a landscaped 12,405 sqm property with a lush tropical theme. A retail podium, a sky garden, clubhouse with adult and kiddie pools, jogging paths, fitness gym and chapel have been designed to provide homeowners a multi-faceted urban sanctuary.
