In its annual report disclosed in the Philippine Stock Exchange, CLI revealed its land bank in multiple locations across the country, including 285,842 sqm in Magtuod, Davao City. See table below for the list of its land inventories.
To ensure its growth momentum, CLI acquired 41 hectares in 2021, bringing the total landbank to over 100 hectares worth Php 12 billion. Another 70 hectares are in the last stages of negotiations. The listed firm drew from its Php 10 billion capex to fund fresh landbank.
In 2022, it has 21 projects in the pipeline for launching including a new site in Palawan. CLI kicked off Q1 2022 with The East Village at DGT, the first residential community of Davao Global Township (DGT) which sold out in four days. It also began construction of Casa Mira Towers Bacolod which sold 73% of its first tower in a month after introduction.
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