DMCI Homes is spending P6 billion for its latest project, the condotel Moncello Crest in Tuba, Benguet.
An initial 522 units are being made available to the market.
“This new development promises to be a haven for those seeking both a vacation home and a lucrative investment opportunity,” DMCI Homes said.
DMCI Homes is developing the project under the its DMCI Homes Leisure Residences brand.
“Moncello Crest features magnificent views of Benguet’s mountains and a beautiful sunset that’s bound to calm the mind and heart. Stunning flora and fauna surround the property to make it a serene sanctuary,” DMCI Homes said.
Moncello Crest is designed as a mountain resort, complete with amenities like a heated outdoor jacuzzi and fire pits. DMCI Homes is also positioning Moncello Crest as an investment opportunity for people looking for a vacation home that doubles as a source of income.
Under Moncello Crest’s individual rental pool program, property owners can leave their units under the management of a hotel operator to earn rental profits. The units will continue to be owned by its buyers, who in turn get 30 percent of rental revenues.
“Assuming a 35 percent occupancy rate for the property, unit owners at Moncello Crest may earn about P16,300 monthly from a 35-square meter (sq.m.) studio unit and about P42,700 for two-bedroom units according to projections,” DMCI Homes said.
Property owners have the option to avail of the condotel rooms themselves under Leisure Plus, which is DMCI Homes Leisure Residences’ program for complimentary room nights.
Unit owners are entitled to stay at Moncello Crest for at least 30 nights a year, depending on the size of their investment and their choice of room. They can also use their complimentary stays at Solmera Coast in San Juan, Batangas as well as in other DMCI Homes Leisure properties in the future.
