The Property Management Corporation (PMC Seychelles) 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.
The mandate of the PMC defined under the 2004 Act is: