Cebu Landmaster Inc Builds Its 3rd Garden Dev’t in Cebu, Mivela Garden Residences

October 26, 2019October 26, 2019 Migo V. 0 Comments Cebu Landmaster Inc., Mivela Garden Residences

Cebu Landmasters’ Mivela Garden Residences 80% Sold in 3 Weeks

Recently awarded as the Best Developer in the Philippines by Property Guru Philippines Property Awards, Cebu Landmasters Inc.’s (CLI) 5.3 billion project, the Mivela Garden Residences, has generated overwhelming buyer interest as it is 80 percent sold out after 3 weeks of selling.

“Mivela Garden Residences is 80 percent sold out in 3-weeks and this is a very strong indicator that our products are right-sized and right-priced,” said Jose Soberano III, CLI president and CEO.

*CLI President & CEO Jose Soberano III (Left) is joined by Mayor Edgar Labella (Second from Left) in lowering the capsule.*

Mivela Garden Residences is envisioned as a modern garden residential community in Metro Cebu. Greenery and open spaces will constitute about 40% of the area and will be complemented by amenities focused on a multilevel clubhouse with a swimming pool. Function rooms, gym, lobby lounge, Zen gardens, and outdoor lounge areas will complete Mivela’s offerings.

The development features a total of 1,536 units, catering to mostly individuals and starter families with its mix of studio and one-bedroom units. The project sits on a 1.26-hectare area in the prominent Banilad area in Cebu City where most of the hotels and large shopping malls are located.

The four-tower Mivela Garden Residences is the third of CLI’s garden series residential projects in Cebu and its sixth in the Vismin area.

CLI’s Garden Series residential projects for the mid-market category serve as the primary driver for the company’s first-semester consolidated revenues this year, accounting for a 35 percent contribution to the total.