The Philippine Securities and Exchange Commission approved Sta. Lucia Land, Inc.’s rental pool securities offering processed under the SEC RENT streamlined guidelines, resolving to render effective 16 registration statements covering 2,382 certificates of participation, subject to compliance with remaining requirements. The certificates are priced at PHP 70,000 each for 2,101 studio units, PHP 80,000 for 150 one-bedroom units, PHP 90,000 for 121 two-bedroom units, and PHP 100,000 for 10 three-bedroom units. Fifteen projects covered by the program are operating across locations including Quezon City, Baguio City, Rizal, Cavite, Batangas, Palawan, Iloilo, Cebu and Davao, with one Cebu project under construction and expected to be completed by 2027. The arrangement is expected to gross up to PHP 60.31 million based on remaining unsold units, intended to cover working capital for projects to be disbursed in 2025 and 2026, and certificate holders are entitled to a share in net profits from pooled units made available as hotel rooms as well as personal use of the units for 30 nights per year.
Philippine Securities and Exchange Commission 2025-11-27
Philippine Securities and Exchange Commission renders effective Sta. Lucia Land rental pool registrations for 2,382 certificates under SEC RENT
The Philippine Securities and Exchange Commission approved Sta. Lucia Land, Inc.'s rental pool securities offering under the SEC RENT streamlined guidelines, covering 16 registration statements for 2,382 certificates of participation. Priced between PHP 70,000 and PHP 100,000, these certificates pertain to projects across various locations, with expected gross proceeds of up to PHP 60.31 million. Certificate holders will share in net profits from pooled units and have personal use of the units for 30 nights annually.