C07034-2022

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Sep 19, 2022
2. SEC Identification Number
CS200321240
3. BIR Tax Identification No.
227-599-320-000
4. Exact name of issuer as specified in its charter
CEBU LANDMASTERS, INC
5. Province, country or other jurisdiction of incorporation
CEBU CITY, CEBU, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITY Postal Code 6000
8. Issuer's telephone number, including area code
(032) 231-4870
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES 3,465,201,467
11. Indicate the item numbers reported herein
OTHER ITEMS

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Cebu Landmasters, Inc.CLI

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

CLI sells out Calle 104, a two-tower upscale residential project in record 3 days
Background/Description of the Disclosure

Notice is hereby given to the Philippine Stock Exchange (“Exchange”), the Securities and Exchange Commission (“SEC”), and the public that Cebu Landmasters Inc. (“CLI”) sold out in a record three days an upscale residential project nestled in a prime location in Cebu City just last week. The sales of the Php2.4 billion for Calle 104, which straddles Ramos and Ranudo Streets is a popular address of prominent families in Cebu.

The high-end project in Cebu is CLI’s eighth launch this year across VisMin, bringing the total 2022 reservation sales to over P13.5 billion.

“Calle 104 is a well-designed mixed-use project targeted to prominent families in Cebu. Its outstanding performance is also attributed to its strategic location, which is very close to major hospitals in Cebu City,” says CLI chief executive officer Jose R. Soberano III. “Majority of its buyers are medical professionals, particularly doctors, who choose Calle 104 as their investment of choice.” Calle 104 is a joint venture project of CLI and Borromeo Brothers Estate, Inc. under Cebu BL-Ramos Ventures Inc.

Soberano added: “The sales velocity of the project shows that there is a growing demand for upscale residential developments coinciding with the economic recovery and progress of Cebu City.”

The name of Calle 104 refers to the house number of an iconic home, the Garcia-Escaño Mansion on Ranudo Street, adjoining another property on perpendicular Ramos Street. With 5,530 sqm. footprint, Calle 104 comprises 2 Towers. The 20-storey Ramos Tower at Calle 104, targeted to young professionals has 325 studio and one-bedroom units on vibrant Ramos Street. While the 18-storey Ranudo Tower at Calle 104 has 192 units offering studios up to three-bedroom penthouses up to 104 sqm. Prices of the units range from Php3.5 million for a studio to Php23.7 million. The Garcia-Escaño mansion has also been restored to serve as a gateway for this tower.

Calle 104 also offers swimming pools, function rooms, a jogging path, and gym for its resident Projected gross revenues from the project has been pegged at Php3 billion.

The upscale mixed-use development designed by Casas + Architects to be completed in Q4 2026 has two distinct towers connected by a retail podium with a gross floor area of 5,000 sqm. of lifestyle options including restaurants, clothing, and essentials. A 2,300 sqm. supermarket is located in the basement for the convenience of residents. ####
Other Relevant Information

NOTE: The disclosure contains forward-looking statements and facts that are subject to considerable risks and uncertainties. These forward-looking statements include, but are not limited to, statements about known and unknown risks; uncertainties and other factors that may cause actual results to differ from expected future performance.
Filed on behalf by:
Name Larri-Nil Veloso
Designation AVP-Legal