LISTED Visayas-Mindanao developer Cebu Landmasters, Inc. (CLI) said Thursday that its Velmiro Heights Davao project had generated sales of P2.7 billion and was sold out just a few weeks after its market launch.

"The record-breaking sales performance of Velmiro Heights Davao shows the strong market acceptance of CLI's projects in Davao," company Chairman and CEO Jose Soberano III said in a statement.

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