(Last Updated On: September 19, 2022)
Cebu land Masters (CLI) sold out its residential project located n a prime location in Cebu City in just 3 days. This is an upscale property is located in Ramos and Ranudo Streets which is a popular address of prominent families in Cebu.
The project cost 2.4Billion. The high-end project in Cebu is CLI’s eighth launch this year across VisMin, bringing the total 2022 reservation sales to over P13.5 billion.
According to its recent PSE edge disclosure, the “Calle 104 is a well-designed mixed-use project targeted to prominent families in Cebu. Its outstanding performance is also attributed to its strategic location, which is very close to major hospitals in Cebu City”.
Majority of its buyers are medical professionals, particularly doctors, who choose Calle 104 as their investment of choice.” Calle 104 is a joint venture project of CLI and Borromeo Brothers Estate, Inc. under Cebu BL-Ramos Ventures Inc.
Calle 104 Project
Calle 104 also offers swimming pools, function rooms, a jogging path, and gym for its resident Projected gross revenues from the project has been pegged at Php3 billion.
The upscale mixed-use development designed by Casas and Architects is to be completed in Q4 2026 has two distinct towers connected by a retail podium with a gross floor area of 5,000 sqm. of lifestyle options including restaurants, clothing, and essentials. A 2,300 sqm. supermarket is located in the basement for the convenience of residents.
The name of Calle 104 refers to the house number of an iconic home, the Garcia-Escaño Mansion on Ranudo Street. This is adjoining another property on perpendicular Ramos Street. With 5,530 sqm. footprint, Calle 104 comprises 2 Towers. The 20-storey Ramos Tower at Calle 104, targeted to young professionals.
It has 325 studio and one-bedroom units on vibrant Ramos Street.
While the 18-storey Ranudo Tower at Calle 104 has 192 units offering studios up to three-bedroom penthouses up to 104 sqm. Prices of the units range from Php3.5 million for a studio to Php23.7 million. The Garcia-Escaño mansion has also been restored to serve as a gateway for this tower.
Cebu land master is a PSE listed company. Its price share is currently at 2.46/share as of the writing of this article.
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