Cebu Landmasters Inc., a listed property developer primarily focused in the Visayas and Mindanao, has launched the fourth residential high-rise development in its Casa Mira Towers Palawan, confident it would mirror the success of the first three towers which sold out in less than a year after market introduction.
Casa Mira is a seven-tower development worth P6.4 billion and located at the heart of Puerto Princesa, the capital city of the island province of Palawan. The initial three towers, which comprise phase one of the development, quickly sold all of its 721 units, generating a total reservation sales of P2.1 billion.
Cebu Landmasters said the launch of the fourth tower will add fresh inventory as the company already posted 94 percent sell out status of all salable projects across different stages of development as of first quarter. Casa Mira Tower 4 is set for completion in 2027.
“The outstanding reception to Casa Mira Towers Palawan shows how much CLI’s projects are resonating with the market, especially in new areas of expansion,” highlighted CLI chairman and CEO Jose Soberano III. “We are happy with this achievement, and we believe it is a positive sign as we set our eyes on an expansion to Luzon.”
Casa Mira Towers Palawan is a mix of 2,017 studio and 1-BR units. The studio units offer a 20-sqm floor area with a price range of P2.1 million to P3 million, while the 1-BR units provide a floor area of 28 sqm to 32 sqm with a price range of P2.6 million and P3.5 million.
