Cebu Landmasters, Inc. (CLI), the leading developer in the Visayas and Mindanao, announced a significant expansion of its partnership with NTT UD Asia Pte. Ltd. (NTTUDA), a subsidiary of Japan-based NTT Urban Development Corporation. The collaboration will be executed through CLI Luzon Ventures Inc. and marks CLI’s entry into a major residential and retail mixed-use development in the National Capital Region (NCR).
The joint venture will develop an eight‑tower, multi-phase Japanese-inspired residential and retail mixed-use condominium project along a key thoroughfare in Pasig City. The development will feature:
Efficient space planning
Sustainable design principles
Curated amenities and community spaces
A focus on long-term livability and value creation
The project is targeted for launch by the end of 2026 and represents the company’s second collaboration following the successful 2024 development of The Wave Towers in Cebu IT Park.
“This partnership with NTT UD Asia is a defining step in Cebu Landmasters’ growth as a national developer,” said CLI Chairman and CEO Jose Soberano III. “Building on the success of our first collaboration in Cebu, this Luzon project reflects the deep trust between our organizations and our shared commitment to quality, discipline, and long-term value.”
NTTUD President and CEO Kou Ikeda expressed similar confidence: “We have been deeply moved by CLI’s extensive experience, their genuine care for customers, employees, and partners, and their appreciation for Japanese culture. We are excited to take on a new challenge together in a new area. Leveraging our expertise in Japan and overseas, we aim to create developments closely connected to the lives of local communities.”
NTT Urban Development Corporation, a global real estate developer and subsidiary of NTT, Inc., continues to expand its international footprint through strategic partnerships. Its renewed collaboration with CLI underscores confidence in the Philippines’ urban growth trajectory and residential demand.
Founded in 2003, CLI has delivered more than 132 projects across 18 cities, spanning residential, office, hotel, mixed-use, and township developments. The partnership with NTTUD strengthens CLI’s geographic diversification and supports its mission to deliver masterful real estate experiences that uplift communities and contribute to nation-building.
