CLI teams up with Japan’s NTT Group anew for Luzon expansion

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February 17, 2026 | 12:00am

MANILA, Philippines — Cebu Landmasters Inc. (CLI), a real estate developer focused in Visayas and Mindanao, is teaming up anew with a subsidiary of Japan’s NTT Group to make its maiden venture in Luzon.

In a stock exchange filing, CLI said it has entered into a partnership agreement with NTT UD Asia Pte. Ltd. to develop a project through CLI Luzon Ventures Inc.

The joint venture will develop a multi-tower Japanese-inspired residential and retail mixed-use condominium development along a major thoroughfare in Pasig.

The project, which is set to be launched by the end of 2026, marks CLI’s foray into the Luzon market.

“This partnership with NTT UD Asia is a defining step in Cebu Landmasters’ growth as a national developer,” CLI chairman and CEO Jose Soberano III said.

“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,” he said.

The Pasig project will be the second Philippine collaboration of CLI and NTTUD Group following their successful 2024 Cebu venture through the two-tower The Wave Towers in Cebu IT Park.

“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,” Soberano said.

CLI said the partnership with NTTUD strengthens the company’s geographic diversification, while leveraging its proven execution capabilities.

Delivered over 132 projects across 18 cities, spanning residential, office, hotel, mixed-use and township developments.

NTTUD, meanwhile, 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, the company continues to expand strategically overseas.

“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,” NTTUD president and CEO Kou Ikeda said.

“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,” he said.