Cebu Landmasters Inc. (CLI) expects to generate P900 million in sales in its first project in Bohol as it expands its reach in Visayas.
The company said the project, Velmiro Greens Bohol, will be a 204-unit residential development in Dauis, Bohol targeted towards the mid-market segment in the Visayas-Mindanao region.
“Expected for completion in 2023, Velmiro Greens Bohol is projected to earn revenues of more than P900 million for CLI,” it said.
Velmiro Greens Bohol offers townhouse and single-detached units from 60 to 100 square meters in a 3.6-hectare gated and secured community that has generous amenities. It is located near schools, malls, tourist spots and other major establishments.
The Bohol project is CLI’s fourth carrying the Velmiro brand, aimed towards mid-market buyers who accounted for 37 percent of the company’s total sales in 2019. Other Velmiro communities are found in Cebu, Cagayan de Oro and Bacolod.
