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Contact details

Pinelands Development Company (NPC)
12 Wildwood Close, Sunningdale
Tel: 021 554 0700
Fax: 021 554 0628

Pinelands Development Company.

The relationship between Garden Cities and Pinelands Development Company (PDC) goes back 80 years, to when PDC was first established as a financing company to lend homebuyers who had been granted a State housing loan, a further 15% towards their deposit, which many could not raise.

The PDC financing was by way of a second bond at a lower rate of interest than could be obtained from any other source.

The move to provide this facility was necessary, as the Housing Act of 1920 stipulated that would-be house owners could obtain an advance or loan from the State of up to 80% of the cost of a house, including the land, but had to find the further 20% for themselves. Although plots sold by Garden Cities could be bought for as little as 20 pounds at the time, the average lower-salaried man, whom the Garden Cities Trust primarily intended to house, often could not raise the 20%.

Not only did Pinelands Development Company provide the financial assistance, but since 1945, has also built all Garden Cities’ houses. It remains the largest house builder on an on-going basis in the Western Cape and has received the NHBRC award for Best Builder.

The directors of PDC, like those of Garden Cities, do not receive any fees or remuneration. The Memorandum of Association of PDC also has as one of its objectives: ‘…to provide better housing and better social conditions for the people.’

HISTORIC FACTS:

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