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CEBU SKYLINE. Photo shows the almost-completed Cebu-Cordova Link Expressway with Cebu City's towering skyline in the background. Listed firm Cebu Landmasters Inc. has reported that the real estate industry continues to show signs of recovery from the pandemic. (Photo courtesy of CCLEX) CEBU CITY - The increase in sales and sustained housing demand is an indicator of recovery from the coronavirus disease 2019 (Covid-19) pandemic, a Cebu-based real estate company said on Friday. Jose Soberano III, Cebu Landmasters Inc. (CLI) chairperson and chief executive officer, reported that the recovery of the property sector from the effects of the pandemic is evident in the firm's income performance when it effectively surged past its 2019 pre-pandemic bottomline by 30 percent. The listed property firm has reported a record PHP2.61 billion net income attributable to shareholders in 2021, up 42 percent from 2020's PHP1.85 billion. Soberano said the company's 2021 performance exceede

Cebu cityPhilippines generalCebu landmasters incCebu landmastersMasters tower cebuSofitel cebu cityAbaca resort mactanCebu skyline photo shows the almost completed cordova link expressway with city 39s towering in background listed firm landmasters inc has reported that real estate industry continues to show signs of recovery from pandemic courtesy cclex increase sales and sustained housing demand is an indicator coronavirus disease 2019 covid 19A cebu based real estate company said on friday jose soberano iiiEbu landmasters inc cli chairperson and chief executive officerEported that the recovery of property sector from effects pandemic is evident in firm 39s income performance when it effectively surged past its 2019 pre bottomline by 30 percent listed has reporteda record php2 61 billion net attributable to shareholders 2021P 42 percent from 2020 39s php1 85 billion soberano said the company 2021 performance exceeded quot puts us ina position to pick up where we left off pre covid and shows that industry is on track sustained recovery moving forward he added there continues bea solid housing demand in visayas mindanaoArticularly in the economic and mid income segmentsUot which drove the firm 39s sales to hita record php16 5 billion in 20216 percent more than the previous year by end of 2021Oberano said construction was in full swing across all their project sites 16 key cities visayas and mindanao