Event | Davao Global Township Lit Its First Christmas Tree

The Address of Amazing has become more fantastic with its first gold and green-themed christmas tree already lit near the DGT Festive Market! It is a festive gathering of Cebu Landmasters, Inc., YHEST, Inc., local government unit representatives, tourism department representative and guests. Entertainment of some songs and dances have been made to add to this momentous event of #SeasonofAmazing. 

DGT is the award-winning township located at McArthur Highway, Davao City. Ongoing construction is seen around with target completion by next year. As the completion is at sight, the next Christmas lighting is expected to be at the future DGT Mall. Hence, this first Christmas Tree at DGT is not the last - as it highlights the Address of Amazing, this 30ft Christmas Tree is going to be an annual gathering of many Davaoenos.

Have your pose at the DGT Christmas Tree! See you there!

Lifestyle | Cebu Landmasters Sustains Growth Momentum with Record 1.55B H1 Net Income, up 40% yoy

Cebu Landmasters Inc (CLI) is one of the VisMin top developers in the country. They have a partnership with the Davao-based family to build the Davao Global Township, an award winning township not only the Philippines but also in Asia.

Here's a story of CLI's continued growth and presence. Let's check it out...

Cebu Landmasters’ Davao Global Township (DGT) envisioned to be the preferred central business district in Davao has already completed land development and is now selling commercial  lots. The first 4 towers of The East Village at DGT, the township’s first six-tower residential project, are also now almost 100% sold.

On the back of strong sales and project completions, leading VisMin developer Cebu Landmasters, Inc. (CLI) achieved its highest H1 net income performance of Php1.55 billion, an increase of 40% versus H1 2021. Without the adjustment from CREATE law, CLI grew its earnings attributable to parent by 18% from the reported Php 1.1 billion of the same period last year.

Real estate sales also grew by a robust 45% from Php5 billion to Php7.36 billion year on year. All other business units continued to improve performance as the firm fast-tracked construction and strengthened operations. These resulted in higher percentage of completion, paving the way for more units to qualify for revenue collection. Gross profit margin was maintained at a healthy 45% as the company strongly mitigated inflationary pressures while sustaining 100% of its construction operations.

CLI’s economic housing brand Casa Mira accounted for the largest share of H1 2022 revenues indicative of the significant housing backlog in key VisMin cities. A hefty 40% of H1 2022 revenues came from Cebu; with Davao following at 16%; Cagayan de Oro, 15%; Iloilo, 12%; and the balance from Ormoc, Bacolod, Dumaguete and Bohol. With CLI’s portfolio now encompassing over 15 key VisMin locations, the company sees increased contributions from its new expansion areas in the coming quarters. 

The listed firm’s first-half leasing business expanded by 20% year-on-year as both office demand and retail foot traffic saw a healthy rebound especially in Cebu. With heightened tourism activity accompanied by increased mobility in Vismin, CLI’s hospitality business registered a 271% growth as occupancy rates significantly improved.

CLI’s capital expenditures rose by 42% to Php5.5 billion from last year’s Php3.88 billion, with most of the amount earmarked for project development while 22% was spent on land banking including the purchase of a 17-hectare expansion site in Butuan City. CLI is also gearing up for its large-scale townships in Davao, Cagayan de Oro and Minglanilla in Cebu as these are now moving strongly at different stages of development. 

Davao Global Township (DGT), envisioned to be the premier central business district in Davao, was recently inaugurated with the site development completion of the 23-hectare estate. The company also announced that limited commercial lots were being made available for sale to select developers and investors in the estate, awarded as Best Township in Asia 2021 by PropertyGuru Asia Property Awards. The first 4 towers of The East Village at DGT, the township’s first residential offering, is now 90% sold in only 4 months since its March 2022 launch date.

These positive developments were further reinforced by CLI’s announcement that it would increase its retail bonds offering to Php8 billion from Php5 billion and a Php3 billion oversubscription. Strong interest from institutional buyers prodded the move. Meanwhile, the maiden retail bonds of CLI was rated PRS Aa plus with stable outlook by PhilRatings on the back of sound management and strategy with a sustained competitive advantage in the Visayas and Mindanao markets.

Jose Soberano III, CLI chairman and CEO, disclosed: “We are on track to achieve another record year and there are several strong indicators for CLI to achieve its growth guidance of 20% this year. With our expanding portfolio and with our operations tailored to provide the strongest ‘ground game’ in the region, CLI is best-positioned to address the growing housing backlog while extending best-in-class turnaround times and customer service.” 

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Exciting projects will soon be rising with CLI in many cities in the VisMin area.

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Lifestyle | Cebu Landmasters, Villa-Abrille clan launch P33-billion Davao Global Township

DGT Photo: Architect's Perspective - the Address of Amazing!

A prime business address will soon be expected in Davao City as Cebu Landmasters partnered with the Villa-Abrille clan to build the Davao Global Township - the Address of Amazing!

The 22-hectare former Davao Golf course will become the main address of the Davao Global Township. The launching activity has shown the first phase of development wherein it includes a corporate center, two (2) premier residential towers, a retail strip that will be known as DGT Town Strip and a civic center that will be known as DGT Gallery.


Phase 1 of DGT is estimated to cost P10 billion with an extensive 93,000 square meters of gross floor area as envisioned by YHEST with masterplanner RTKL, a global planning and design firm responsible for the revival of some downtown centers in the world. DGT Phase 1 is set for completion in 2022.

YHEST President Fred Yuson, a fifth-generation descendant of one of Davao’s forefathers, the businessman Francisco “Juna” Villa-Abrille, said: “These are exciting times for Davao and the Philippines as this tie-up (with CLI) ushers a new generation of local homegrown developers ready to be at par with the best of the world.”

The Villa-Abrille family is one of the oldest clans in Davao that is into leasing of commercial offices and buildings such as Matina IT Park and Sutherland Global Services. They launched Davao's first residential subdivision in 1952 and put up the Davao City Golf Club, the first and oldest golf course in the city until it was closed in 2018 to make way for DGT.

“As the descendants of Juna Villa-Abrille, we commit ourselves to his legacy of hard work, humility and generosity. We are happy that in our generation, we are able to kick-start all these simultaneous developments and there’s no better way but to partner with VisMin’s leading developer Cebu Landmasters,” YHEST Realty’s Yuson said.

He explained that his family decided to partner with CLI because of its vision to be the regional top property company in the Philippines and ability to quickly turn around its projects. DGT is their third and biggest project together with CLI. MesaTierra, a garden residential condominium is already 98% sold-out. The Paragon Davao, a mixed-use property that will host Citadines Paragon Davao, was launched in November last year. The residential component One Paragon Place is already 75% sold in first 3 weeks of selling. “Things are happening fast in our generation and we trust CLI’s expertise particularly in the VisMin market,” he said.

Living up to its name as a future business district inspired by the Cebu IT Park and the Bonifacio Global City, the project is expected to host business process outsourcing and other firms.

YHEST Chairman and CLI Chairman & CEO Joe Soberano said: “The size of the (DGT) property, our first township development, will allow us to have a diversity of uses to make a complete and truly sustainable community. We envision DGT to be the central business district with a dynamic lifestyle that will provide economic and social value to Davao, one of the fastest growing economic regions in the country.”

This is really a big, interesting development in Davao City and will really generate a lot of jobs as the construction starts and after the completion.

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