The Securities and Exchange Commission (SEC) has approved Sta. Lucia Land Inc.’s rental pool investment offerings under the agency’s streamlined SEC RENT program, which simplifies how real estate firms register non-traditional investment products.
In a recent en banc meeting, the SEC cleared 16 registration statements covering 2,382 certificates of participation. Sta. Lucia will sell these certificates at different price points depending on unit type:
- ₱70,000 for 2,101 studio units
- ₱80,000 for 150 one-bedroom units
- ₱90,000 for 121 two-bedroom units
- ₱100,000 for 10 three-bedroom units
About 15 of the projects included in the rental pool are already operating across Quezon City, Baguio, Rizal, Cavite, Batangas, Palawan, Iloilo, Cebu, and Davao. One project in Cebu is still being built and is expected to be completed by 2027.
The rental pool is projected to generate up to ₱60.31 million based on remaining unsold units. Funds will help cover project needs in 2025 and 2026.
Certificate holders will earn a share of net profits from units rented out as hotel rooms and can also use the units for 30 nights each year.
Rental pool deals allow buyers to place their units in a shared pool managed by the developer or a third party, with profits distributed among participants—an arrangement the SEC RENT framework aims to regulate more efficiently.
