Cebu Landmasters, Inc., developer of the San Josemaria Villages and residential condominium 16-storey Asia Premiere Residences, is eyeing Cagayan de Oro City as among the sites for its planned venture out of Cebu. Other cities include Iloilo and Tagbilaran.

The company has also lined up four more residential subdivision projects, a townhouse development and two more vertical projects in Cebu over the next two years.

These are on top of current projects, namely the fourth San Josemaria Village, expansion of the first in Balamban and a joint venture with RIASJAC Development Corp. for the construction of residential condominium 16-storey One Baseline Place in midtown Cebu City.

The company is also eyeing horizontal projects in northern Cebu, including Mactan and Liloan. Liloan town, about 18 kilometers north of this city, as well as other towns within Metro Cebu are increasingly becoming an ideal location for residential subdivisions given the rising land prices in the city.

The four residential projects are located in the southern part of the island:  Balamban, Minglanilla, Toledo City, and Talisay City.

Cebu’s progress is now spilling over Cagayan de Oro.

with article by Marites S. Villamor of Business World

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