real estate industry

Cebu Landmasters breaks ground for Minglanilla Techno Business Park

Ralf Rivas
Cebu Landmasters breaks ground for Minglanilla Techno Business Park

INFRASTRUCTURE. Render image of the Minglanilla Techno Business Park.

Cebu Landmasters Incorporated

The P20-billion, 100-hectare reclamation project is expected to be completed by 2025

Property developer Cebu Landmasters Incorporated (CLI) broke ground for its P20-billion reclamation project in Minglanilla, Cebu.

The 100-hectare Minglanilla Techno Business Park (Ming-Mori) reclamation project is expected to generate over 700,000 square meters of land area earmarked for light industrial, commercial, residential, and institutional uses.

CLI said reclamation activities will begin in the first quarter of 2022, alongside infrastructure improvements surrounding and leading toward the site.

Titling of properties will be done in phases starting 2023, in time for the construction of the first phase of the project by 2024.

Ming-Mori is expected to be completed by 2025.

“Cebu Landmasters is committed to the transformation of this area into a vibrant and sustainable waterfront community that will have wide-ranging benefits for Minglanilla and the southern part of Cebu,” said CLI chairman and chief executive officer Jose Soberano III. – Rappler.com

Ralf Rivas

A sociologist by heart, a journalist by profession. Ralf is Rappler's business reporter, covering macroeconomy, government finance, companies, and agriculture.