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 29, 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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Cebu Landmasters first project in Luzon 85% sold in less than a week
Background/Description of the Disclosure
In its first foray in Luzon, leading developer in VisMin Cebu Landmasters, Inc. (CLI) recently sold in less than 1 week 85% of the first phase of an economic housing project in Puerto Princesa, Palawan. The first two towers with 480 units of the P3 billion seven-tower Casa Mira Towers Palawan generated reservation sales of Php1.2 billion. This brings the Cebu developer’s total 2022 reservation sales to Php13.5 billion to date. Projected gross revenues from this seven-tower development is pegged at Php6 billion, with phase one set for completion in Q4 2025. CLI chairman and CEO Jose Soberano III said: “We are very pleased that our first venture in Luzon is a success. This shows that there is indeed a broader market for our bestselling housing brand Casa Mira beyond VisMin, and that our company Cebu Landmasters is gaining traction beyond our regions of focus.” Soberano observed that Casa Mira Tower Palawan buyers were not only locals, but a majority are also Overseas Filipino Workers and professionals from neighboring localities who want to invest in Palawan. This is a strong indicator of important factors that appeal to investors: the development’s value proposition of giving more and its location being close to tourism sites in Palawan. Located in a 2.09 hectare property, Casa Mira Towers Palawan offers 20 square-meter studio units and one-bedroom units up to 32 square meters in seven mid-rise towers. It will be operated by CLI Property Management (CLIPM) to ensure security and efficient services. Casa Mira Towers Palawan will be the 15th community to carry the brand which includes vertical and horizontal developments. There are close to 18,000 Casa Mira units throughout key cities in Visayas and Mindanao – and growing. Casa Mira communities offer residents swimming pools, clubhouses and other amenities usually associated with developments with higher price points. Yet they remain affordable. Casa Mira Palawan’s total contract price is from P2.3 to P5 million. “The very high sales take up of Casa Mira Towers Palawan clearly shows that there’s a lot of opportunities in Palawan and we’re looking at how we can further serve the markets in the area,” said Soberano. ###
Other Relevant Information
N/A