Skip to main content

Cebu Landmasters, Inc. breaks ground on PhP 1.5B, 33-storey Terranza Residences in Iloilo City

Leading developer in VisMin Cebu Landmasters, Inc. (CLI) started construction of a P1.5 billion premier residential tower in Iloilo City prodded by strong economic prospects in the region.

Terranza Residences is a partnership with International Builders Corporation (IBC) under joint venture vehicle GGTT Realty. Expected to be completed in 2025, the project is already 75% sold and is projected to earn revenues of P2.4 billion.

Leading developer in Vismin Cebu Landmasters, Inc. (CLI) continues to expand its foothold in key cities in VisMin and broke ground today on the Php 1.4 billion Terranza Residences in Iloilo City, its second project in Panay and the first in partnership with International Builders Corporation (IBC) under joint venture GGTT Realty. The photo above is an architect’s perspective of the 33-storey tower.



CLI has been named developer and manager of the premier residential development, while IBC will build and manage the retail complex to complement the residential condominium.

The development is CLI’s second project in Iloilo City. The listed company’s first, Casa Mira Iloilo, is already 97% sold.

Keen market reception of the 33-storey tower with 600 units on a 2,539 sqm. property in downtown Iloilo indicates strong housing demand even for high-end projects in the Visayas and Mindanao, according to CLI chairman and CEO Jose Soberano III. Iloilo is one of the four key VisMin regions with high housing gap coupled with high gross domestic product (GDP) and GDP per capita indicating high spending power. 

Soberano disclosed: “The VisMin residential market continues to hold a lot of promise for us. Moreso in Iloilo because we have partnered with IBC, a successful local business known also for its philanthropy."

Like Iloilo, many cities in the region likewise have underserved residential markets. "Thus, we are rolling out more projects like Terranza Residences in the last quarter of the year," said Soberano. CLI’s strong reservation sales in the first nine months of the year attest to sustained and strong VisMin housing demand.

Terranza Residences offers one-bedroom units from 24 sqm. to 40 sqm. that can be combined and special penthouse units from 117 sqm. to 174 sqm. It includes a sky lounge, rooftop garden, play area, fitness gym and helipad. Moreover, Terranza Residences has direct access to the mall.

The development is further distinguished by its iconic address close to a heritage protected area valued highly by the community. The building’s design by Edward Co Tan + Architects is thus influenced by the timeless aesthetics of the Filipino Bahay ng Bato and incorporates a stone finish that mimics adobe and big arched windows.

CLI partners with Vision Properties Development Corporation as the general contractor for Terranza Residences.



The listed company recently disclosed a 13% growth year-on-year on reservation sales in the first nine months to P11.8 billion. CLI has over 100 developments in 15 key cities in the Visayas and Mindanao and will continue expanding VisMin operations to other high potential cities. It is in the process of acquiring more properties to support sustained growth. ###



Popular posts from this blog

Travelers guide to Iloilo transport terminals (Airport, Jeepneys, Buses, RORO. etc)

Being the biggest city on Panay Island and the center of Western Visayas region, Iloilo City is a transportation hub whether by land, sea or air. These numerous transportation terminals facilitate day to day commerce, light & heavy industries, and tourism, among others. As this is a travel blog, this guide is aimed to tourists who want to experience and explore Iloilo and perhaps even beyond. Iloilo International Airport A little more than five years old, the Iloilo International Airpor t is among the most modern and beautiful in the country today. It is situated around 20 kilometers from Iloilo City , straddling the towns of Cabatuan, San Miguel and Sta. Barbara . It has direct links to Manila, Cebu, Clark, Cebu, Davao, Cagayan de Oro  and Puerto Princesa plus international destinations Hong Kong and Singapore . Among the first hurdles tourists will have to contend is the distance that translates to expensive fare when traveling to and from this airp...

Connie Carillo Diversified Farm in Bingawan: Helping Sustaining a Healthy Community Through Farm Schools

The area around the town of Bingawan, the edge of the central portion of the province is where it ends and the town of Tapaz, Capiz province begins and is very much another unsung corner of Iloilo with warm, friendly, welcoming people. Bingawan has some rich farming land and farming is at the heart of its village life. The landscapes are gorgeous here; with gentle pastures, to the high mountains. The area offers some beautiful hikes and bike trails across its lovely rolling meadows, woodland and a few working farms. The town would be less touristic than its neighboring towns but is well worth exploring. If you are concerned about how organic can contribute to benefit our shared environment, promote fair relationships and a good quality of life for all involved, then a trip to Connie Carillo Diversified Farm is for you. With the governments’ efforts to improve the knowledge and technical skills of the farmers, the Connie Carillo Diversified Fa...

St. Joseph Chapel at Festive Walk Iloilo's The Deck

While most malls around the country host Sunday masses in some obscure hallway filled with plastic chairs with a makeshift altar, some malls have built niches or transformed unused spaces into places of worship. And Ilonggos should be proud that one of the newest malls in Iloilo City has actually a chapel located in a prime spot and one that boasts both beauty and serenity.  The St. Joseph Chapel at Festive Walk Iloilo is located in one of its al fresco areas known as The Deck located  at the 3rd level. While this open air area also has a mini plaza and dog park (and soon - cafes and restaurants) it is the chapel that highlights this al fresco part of the mall. Eucharistic mass services are held every Sunday at 11am while first Friday masses at 5pm.  It is open to the public everyday for personal moments of silence and solitude. The Deck and everything in it is open from 10am to 10pm with the entrance located betwee...