The vibrant real estate market of Visayas and Mindanao (VisMin) continues to demonstrate its robust strength, evidenced by the phenomenal success of Cebu Landmasters Inc.‘s (CLI) latest venture in Cagayan de Oro.
This rapid uptake also signals the increasing comfort of VisMin buyers with digital transactions and online reservations, mirroring the growth of fintech adoption in the region.
Strong buyer appetite drives swift sell-out of CDO condominium
One Manresa Place is composed of three towers with a total of 940 residential units, offering
a mix of Studio, One Bedroom and Two-bedroom Units.
One Manresa Place, the premier residential condominium within Cebu Landmasters’ expansive 14.6-hectare Manresa Town, achieved a remarkable PHP 4 billion in sales during its initial two-day launch event.
This figure swelled to over PHP 5 billion within just two weeks, with 823 units snapped up by eager buyers, underscoring the sustained and significant demand for high-quality residential options outside the saturated Metro Manila area.
This impressive sell-out not only highlights the market appeal of CLI’s offerings but also reflects the broader dynamism of the VisMin property sector.
With nearly half of the nation’s 6.7 million housing backlog concentrated in the region, the demand for well-planned and strategically located residential developments remains exceptionally high.
This robust market need positions VisMin as a crucial engine for investment and economic growth in the Philippines while also mirroring the growth of fintech adoption in the region.
Cebu Landmasters’ university township drives unprecedented demand
One Manresa Place, the inaugural residential tower within the ambitious Manresa Town development of Cebu Landmasters Inc., is already nearing 90% sold. This strong market confidence speaks volumes about CLI’s vision for the township, which is seamlessly integrated with the new Xavier University Masterson Campus, aptly dubbed the “Campus of the Future.”
This unique university town concept offers a compelling proposition, providing students with convenient and modern living spaces while fostering a dynamic environment with easy access to commercial and office establishments. The symbiotic relationship between the university and the surrounding community is poised to create significant benefits for both Xavier University and the broader uptown Cagayan de Oro area.
“We are energized by the overwhelming response to One Manresa Place,” stated Jose Soberano III, Chairman and CEO of Cebu Landmasters Inc. “This affirms the region’s readiness for more high-value developments, proving that demand in VisMin remains strong and underserved. It reinforces our strategy of building thoughtfully planned communities in key cities that are ripe for growth and long-term value creation.”
Scheduled for completion in 2030, Cebu Landmasters’ One Manresa Place comprises three towers housing a total of 940 residential units. The development offers a diverse range of configurations, including studio, one-bedroom, and two-bedroom units, catering to the diverse needs of modern urban dwellers. Prices range from PHP 4.6 million to PHP 7 million for studio units, PHP 5.6 million to PHP 12.8 million for one-bedroom units, and PHP 16 million to PHP 18.5 million for the more spacious two-bedroom options.
Each unit is thoughtfully designed with floor-to-ceiling windows, private balconies, and flexible layouts, appealing to a wide spectrum of potential residents, including students, young professionals, and growing families.
More than just units: Lush amenities, green spaces define CLI’s appeal
Beyond the individual units, One Manresa Place embodies Cebu Landmasters’ commitment to sustainable and community-centered living. The development boasts an array of amenities designed to enhance the quality of life for its residents, including sky gardens offering panoramic views, wellness facilities promoting a healthy lifestyle, collaborative co-working spaces, a serene chapel, and a convenient retail podium.
A skybridge will further connect key areas within the township, fostering a sense of community and accessibility. Notably, over 63% of the expansive township is dedicated to open spaces, including a protected forest zone, underscoring Cebu Landmasters’ dedication to environmental stewardship.
The project also incorporates green building features such as rainwater harvesting systems and energy-efficient design, aligning with global sustainability standards.
The remarkable success of One Manresa Place is not an isolated incident but rather a reflection of the consistent strong performance across CLI’s VisMin portfolio. The company reports that an impressive 94% of its residential inventory across 17 key cities in the region is already sold out, demonstrating sustained demand and deep market acceptance of its developments.
This market leadership is further validated by Colliers Philippines’ 2024 Real Estate Market Study, which identifies Cebu Landmasters Inc. as the #1 residential developer in Visayas and Mindanao, with its market share growing from 15.6% to 19.3% year-on-year, outpacing its national competitors.
Riding high on demand: CLI gears up for further growth in key VisMin cities
Making a multi-billion peso debut, CLI’s One Manresa Place in CDO generated Php 4 billion
in sales in just 2 days and surged to Php 5 billion within 2 weeks
To capitalize on this burgeoning demand, Cebu Landmasters Inc. is actively scaling up its expansion plans in key VisMin cities, encompassing residential, hospitality, and commercial projects.
Recent developments include institutional buyers like Insular Life and BDO acquiring significant lots in CLI’s Davao Global Township, signaling continued investor confidence in the region.
In Cebu, landmark projects such as Masters Tower Cebu and Sofitel Cebu City have recently reached their topping-off milestones. Furthermore, CLI’s flagship sales event, “CLI Homefest 2025,” is currently underway in seven VisMin cities, offering prospective buyers exclusive deals and further fueling market activity.
Inspired by a recent study highlighting the Philippine real estate market’s role in economic growth, and witnessing the overwhelming success of One Manresa Place, CLI continues its expansion trajectory, remaining deeply rooted in its core VisMin markets where significant growth potential persists and a genuine demand for quality developments needs to be fulfilled.
To date, the company is strategically positioned to introduce more high-quality, community-focused developments that effectively address the evolving needs of Filipino homebuyers and investors in the dynamic VisMin landscape.