SEC Approves DMCI Rental Pool Covering 2,138 Resort Units

The Securities and Exchange Commission has cleared a DMCI Project Developers Inc. rental pool program that covers 2,138 certificates of participation from two resort-linked residential projects.

Effective Tuesday, the SEC en banc rendered the company's registration statement effective, subject to DMCI meeting final compliance requirements.

Each participant pays a joining fee of P50,000, bringing aggregate fees to roughly P106.9 million.

The program covers condotel units in the Solmera Coast development in Batangas and the Moncello Crest project in Benguet. Both are expected to finish in February 2028 and August 2029, respectively.

Owners enter a management contract that lets their units function as part of a unified hospitality business. Investors earn a share of rental revenue after taxes, fees, and other deductions.

The management contract runs an initial 10 years and auto-renews unless the parties agree otherwise.

The SEC approved the program under its Securing and Expanding Capital in Real Estate Non-Traditional Securities framework, or SEC RENT, which the agency rolled out in 2024 to ease capital-raising for real estate while adding oversight for investment-based property offerings.

DMCI Holdings Inc., parent of DMCI Project Developers, saw its shares fall P0.26, or 3.10%, to P8.14 on Friday.