Damosa Land Inc. (DLI) became the first Philippine company to secure Securities and Exchange Commission (SEC) approval for a rental pool program under the new Securing and Expanding Capital in Real Estate Non-Traditional Securities (SEC RENT) framework of the agency.
This landmark approval underscores DLI’s pioneering role in expanding investment opportunities and setting new standards for transparency and innovation in Philippine real estate. The approval from the SEC is for DLI’s TRYP by Wyndham Samal project,
“This milestone affirms Damosa Land’s role as a trailblazer in real estate innovation as it reflects our vision of introducing new possibilities for real estate in the Philippines,” said Ricardo F. Lagdameo, president and CEO of DLI. “The SEC’s approval provides investors with greater confidence in TRYP by Wyndham Samal and strengthens its long-term viability as a sound, future-ready hospitality investment in Mindanao.”
The four-star condotel rising in Samal Island in 2028 is the first
development cleared under SEC RENT, with the approval covering 100 certificates of participation. Under this structure, the ownership of a condotel unit automatically comes with a corresponding certificate. With unit prices ranging from ₱10 million to ₱20 million, the project is expected to generate close to ₱1.2 billion in total sales value.
The SEC RENT Framework
The new SEC RENT framework ensures that rental pool programs are fully regulated, giving investors stronger protection, transparency, and confidence in their participation. By formally recognizing rental pool arrangements as investment contracts, SEC RENT provides clear safeguards and establishes accountability for developers offering this model.
Under the framework, the TRYP by Wyndham Samal rental pool program allows buyers who have fully paid for their units and complied with requirements to receive a certificate of participation, confirming their unit’s inclusion in the pool. The certificate entitles owners to returns through pooled rental income along with exclusive benefits such as free room nights. The proceeds from the sale of the certificates will be used to fund the project’s pre-operating expenses.
As the first project in the country to be approved under SEC RENT, TRYP by Wyndham Samal sets the standard for how regulatory compliance and global hospitality drive local development.
The six-storey condotel will feature 100 rooms, interactive social spaces, meeting facilities, a 250-seat ballroom, fitness amenities, and infinity-edge pool overlooking the Davao Gulf.
“We view our investors as true partners in progress. With TRYP, we are building more than a world-class development as we believe that we are creating a secure, long-term investment that fuels confidence while contributing to the growth and prosperity of Samal Island.” Lagdameo concluded.
DAMOSA LAND PHOTO