DMCI Homes Leisure Residences, the leisure brand of Quadruple A developer DMCI Homes, is spending P6 billion to develop a new residential resort project located in the municipality of Tuba in Benguet to expand its footprint in northern Luzon.
In a statement, the firm said the project - Moncello Crest with initial inventory of 522 units was launched in May following the success of its Solmera Coast property in San Juan, Batangas.
Moncello Crest is strategically situated just a few minutes' drive from Baguio City, offering residents and investors the cool, refreshing climate of the upland region.
This new development promises to be a haven for those seeking both a vacation home and a lucrative investment opportunity.
The property features magnificent views of Benguet’s mountains and a beautiful sunset that is bound to calm the mind and heart. Stunning flora and fauna surround the property to make it a serene sanctuary.
Moncello Crest is designed as a mountain resort, complete with amenities like a heated outdoor jacuzzi and fire pits for guests to keep warm amid Benguet’s chill.
The complex will host an all-day dining restaurant, café, a game room, a spa, gym, multi-purpose athletics play area, and daycare center, as well as a convention center to host large events.
A spacious roof deck offers a place for visitors to unwind while admiring the stunning Benguet horizon.
Moncello Crest will feature Filipino décor and structures for a culturally immersive experience, with concept design provided by Aedas, a globally renowned architecture firm.
“Prospective property buyers will find Moncello Crest worthy of their investment. The condotel provides a good opportunity for individuals to secure a vacation home that doubles as a source of income,” DMCI Homes said.
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.
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.
Tuba, Benguet has emerged as a popular tourist destination given its proximity to Baguio City and its thriving agri-tourism industry.
It provides a convenient and a more peaceful alternative for those looking to enjoy the Philippines’ Summer Capital with less noise, pollution, and traffic.