MANILA, Philippines – The Securities and Exchange Commission (SEC) has approved the P5.2-million rental pool program of Damosa Land Inc., marking it as the first company to register under the new guidelines for real estate securities registration.
Damosa Land’s registration statement covers 100 certificates of participation in the condotel project of TRYP. This milestone reflects the SEC’s ongoing efforts to streamline and regulate real estate securities, providing more opportunities for investors in the sector.
https://business.inquirer.net/549985/sec-oks-damosa-land-condotel-rental-pool-program
