The Property Management Corporation was set up as a body corporate in 2004. On the 1st of February 2009, the Government decided that since most houses maintained by PMC were sold to their occupants under the Home Ownership Scheme, the functions of the PMC should be undertaken by the HFC for greater efficiency.
Following that decision, PMC's Assets and liabilities as well as its activities and operations were amalgamated with those of HFC. This decision was officially reversed on 1st September 2013, allowing PMC to reassume its principal function as per the Property Management Corporation Act 2004.
Envision being a respectable and high-performing government agency fostering the creation of neighbourly residential estates.
To ensure equitable provision of living accommodation to the people of Seychelles by the sale and lease of flats and houses, and management of established housing estates in accordance with the policy of the government.
PMC is owned by the Government of Seychelles; its ownership is exercised through the Ministry of Habitat, Lands, Infrastructure and Land Transport (MHILT).