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Cebu Landmasters and International Builders Corp. Launch Terranza Residences in Iloilo City

October 27, 2021 - Cebu Landmasters Inc. (CLI) and International Builders Corporation (IBC) held a groundbreaking ceremony to launch and celebrate the construction of Terranza Residences in Iloilo City — together with general contractor Vision Properties Development Corporation (VISION), Iloilo City Governor Arthur Defensor Jr., and Ms. Raisa Treñas-Chu representing Iloilo City Mayor Jerry Treñas.

Group photo of GGTT, IBC, Cebu Landmasters and Vision Construction
Photo courtesy of Cebu Landmasters' Facebook Page

The long-awaited celebration was a fitting introduction of CLI and IBC’s premier residential development in an iconic address in downtown Iloilo City, which boasts of its panoramic views of the city and the river channels.

The VisMin residential market continues to hold a lot of promise for us. More so in Iloilo because we have partnered with IBC, a successful local business known also for its philanthropy,said CLI Chairman and Chief Executive Officer Jose Soberano III.

Terranza Residences is a partnership between CLI and IBC under a joint venture, GGTT Realty Corp. — and in VISION’s interview with GGTT Realty President and IBC Vice President for Leasing and Development Allan Ryan Tan, he said that the driving force behind the partnership with CLI was that they wanted to build a new landmark that Iloilo City can be proud of. To which GGTT Realty Director and CLI Executive Vice President and Chief Operating Officer Jose Franco Soberano affirms in his opening speech at the groundbreaking ceremony saying “aside from being able to support and blend in with the character of the area, this will really liven up the area hopefully the first of many to really transform this beautiful downtown area.

Terranza Residences

Soon to rise at the heart of Iloilo City, Terranza Residences is a 33-storey tower with 600 units to stand on 2,539 square meters (sqm) property — making it the first high-rise residential condominium in Iloilo City, and the tallest in Western Visayas.

Terranza Residences: Architect’s perspective

The premier residential development is envisioned to integrate itself in a lifestyle district that aims to foster heritage preservation through its timeless aesthetics as a legacy to a community rich in cultural appreciation. Where classic meets contemporary, with its architectural design inspired by the famous Camiña Balay nga Bato (Iloilo's Heritage House), designed by Edward Co Tan + Architects.

Engineering and Construction

Building their vision into a reality, VISION was awarded the contract to build Terranza Residences in July of this year, as the General Contractor for the project. The company’s first project with the leading developer in Vismin, CLI.

Ongoing Construction at Terranza Residences

In VISION’s interview with prominent Iloilo businessman and IBC Chairman Alfonso Tan said that from a builder’s perspective, he values quality and the integrity of a contractor when it comes to choosing the contractor for Terranza Residences. Tan goes on to say that “VISION is a good contractor” that was highly recommended by CLI, particularly by Mr. Jose Soberano III. He further adds that he is looking forward to working on more projects with VISION in the future.

Construction promptly began in July of this year and is expected to be completed in 2025.

Terranza Grand Launch

In the evening, GGTT Realty also held the Grand Launch of Terranza Residences at the Iloilo Convention Center, attended by executives from CLI, IBC, VISION, Edward Co Tan + Architects, Ms. Raisa Treñas-Chu representing Iloilo City Mayor Jerry Treñas, and members of CLI’s Terranza Residences sales team.

To know more about this Terranza Residences, go to:

The event was held in compliance with the implementing guidelines, the Inter-Agency Task Force on the Management of Emerging Infectious Diseases (IATF-MEID) and the Iloilo City Local Government on meetings, incentives, conferences, and exhibitions. While participating in event, attendees were also encouraged to practice proper hand hygiene, “social distancing”, and wearing of face mask to reduce the risk of exposure to COVID-19.


Vision Properties Development Corporation (VPDC), is an engineering and construction company committed to building visions into realities. With over 10 years of experience, VPDC has a proven track record in the engineering, design, and construction of mid and high rise residential buildings, commercial and industrial projects, and site and utilities development. Differentiated by the quality of its people, VPDC has the relentless pursuit of excellence, a value-driven mindset, and the spirit of innovation. VPDC works to exceed expectations -- committed to delivering quality in every project, always safe, always reliable. For more information, visit

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