Cebu Landmasters Expands Partnership with Japanese property group NTT UD for NCR Development

Leading developer in VisMin Cebu Landmasters, Inc. (CLI) is expanding its partnership with NTT UD Asia Pte. Ltd. (NTTUDA), a subsidiary of Japan-based NTT Urban Development Corporation, through CLI Luzon Ventures Inc. for a major residential and retail mixed-use development along a major thoroughfare in Pasig City. The collaboration brings CLI’s proven execution and market expertise to the NCR while reinforcing its leadership in the Visayas and Mindanao.

Following their successful 2024 Cebu venture through the two-tower The Wave Towers in Cebu IT Park, CLI and NTTUD Group embark on their second Philippine collaboration, reflecting shared confidence in execution, vision, and long-term growth.

Set to be launched by the end of 2026, the NCR project will be a multi-phase, eight-tower Japanese-inspired residential and retail mixed-use condominium development featuring efficient space planning, sustainable design, and thoughtfully curated amenities and community areas to enhance livability and long-term value.

“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. Through CLI Luzon Ventures, we are bringing our proven execution strengths, together with Japanese-inspired design and development standards, into the highly competitive NCR market.”

NTTUD President and CEO Kou Ikeda echoed this confidence. “We have been deeply moved by CLI’s extensive experience, their genuine care for their customers, employees, and partners, as well as their appreciation towards Japanese culture through our first project in Cebu. We are very excited to take on a new challenge together in a new area through this project. Leveraging the expertise we have cultivated in Japan and overseas, NTTUD will continue to bring fresh perspectives and work together with CLI to create developments that are closely connected to the lives of local communities.”

NTTUD is a global real estate developer based in Japan and a subsidiary of NTT, Inc., one of Japan’s largest conglomerates. With an established international presence across residential, office, and mixed-use developments, NTTUD continues to expand strategically overseas. Its partnership with CLI marks its second collaboration in the Philippines, reflecting long-term confidence in the country’s urban growth and residential demand. Building on its track record, CLI, founded in 2003, has delivered over 132 projects across 18 cities, spanning residential, office, hotel, mixed-use, and township developments. The partnership with NTTUD strengthens CLI’s geographic diversification while leveraging its proven execution capabilities. It advances the company’s mission to deliver masterful real estate experiences that uplift lives and contribute meaningfully to nation-building, reinforcing its position as a trusted, forward-looking developer.