DMCI Homes, the real estate arm of the Consunji family, is expanding its foothold in the leisure property market with the launch of a second building in its Moncello Crest development in Tuba, Benguet, following strong reservation sales.
Moncello Crest, the company’s second project under its DMCI Homes Leisure Residences brand, was launched in May 2024. Since then, 84 percent of the nearly 700 condotel units in the first building, Blanca, have been reserved, generating approximately P4.9 billion in reservation sales.
Encouraged by the market response, DMCI Homes has opened sales for a second building, Silva, which will offer an additional 52 units.
The company said the performance of Moncello Crest reflects the strong demand seen at its first leisure project, Solmera Coast in San Juan, Batangas, where units sold out quickly after its August 2023 launch.
Property consultancy firm Colliers Philippines recently cited Moncello Crest as an example of condotel projects gaining traction outside Metro Manila.
“We are encouraged to continue expanding our leisure portfolio to support this growing market,” said DMCI Homes president Alfredo Austria.
Located just a short drive from Baguio City, Moncello Crest is described as an eco-agri development offering a serene highland retreat. Unit sizes range from 35 to 91.5 square meters, with prices starting at P7.95 million.
Among its amenities are a jacuzzi, fire pits, restaurant, café, spa, gym, entertainment room, outdoor play area, and convention center. The project also features Filipino-inspired interiors, some designed by global architecture firm Aedas, along with panoramic views of the surrounding mountains.
Owners can benefit from a rental pool program to generate passive income, while also receiving at least 30 complimentary room nights annually through the company’s Leisure Plus program, which can be used at Moncello Crest, Solmera Coast, and future DMCI Homes Leisure Residences developments.
Moncello Crest’s Blanca is scheduled for turnover in November 2028, with Silva following in August 2029.