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SEC clears Damosa Land’s rental pool program
Business World Philippines
|October 01, 2025
THE Securities and Exchange Commission (SEC) approved Damosa Land, Inc.'s rental pool program, the first registration under the recently implemented Securing and Expanding Capital in Real Estate Non-Traditional Securities (SEC RENT) guidelines, allowing the developer to offer units in its TRYP by Wyndham Samal condotel project as investment contracts while retaining ownership.
In a statement on Tuesday, the commission said the SEC en banc approved Damosa Land’s registration statement for 100 certificates of participation in the project during its meeting last Friday, subject to fulfilling the remaining requirements.
The certificates cover 94 standard units priced at P50,000 each, four deluxe units at P75,000 each, and two suite units at P100,000 each, and are valid for 20 years from the start of operations.
This story is from the October 01, 2025 edition of Business World Philippines.
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