Incorporated in 1959 and was renewed in 2009 for another 50yrs. PDMC is 2% owned by private stockholders and is the only company in the PNOC Group the is empowered by its articles and by-laws to develop, manage and add value to the real estate properties which PNOC and the other subsidiaries hold. It is also empowered by its charter to engage in the business of developing vital energy infrastructure such as refineries, pipelines, pumping station and the like.
Its has been engaged in the development and management of 118 hectares in Rosario, Cavite. Twenty-five hectares have been devoted to a Socialized Housing Program (GMA AbotKayang Pabahay at Palupa) for 3589 informal dwellers. Thirty-two hectares have been developed into a middle-to-high income subdivision adjacent to a public market on 1.5 hectare land donated by PDMC. Within the 32-hectare property is a 5-hectare area which has already been sold to SM group –further enhancing the real estate values of PDMC properties. Forty-two hectares have already been sold and developed as an expansion site for the Cavite Export Processing Zone.
PDMC has also been the project manager of a Condominium Housing Project (EL PUEBLO MANILA) for PNOC, DOE and other government employees on a 4.7 hectare property of PNOC in Sta. Mesa, Manila. With a Pasig River frontage and adjacent to the Polytechnic University of the Phils, the property has been developed from its previous status as a nonperforming asset to and income-earning project.
PDMC has constructed 142 low-cost houses –all of which have already been sold.
PDMC’s core strength lies in real estate development and management of vital energy infrastructures coupled with its demonstrated high level manpower productivity and operating efficiency, its internally generated financial resources, its experience on informal dwellers and in project development and management.
Business Address: 5th Floor PNOC Bldg. Fort Bonifacio, Makati City
Tel. No.: 812-6209 ; 812-6121
Company Website : http://www.pnoc-dmc.com.ph/