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PSALM revives Diliman land sale
Manila Bulletin
|August 22, 2025
With its corporate life extended by another decade, Power Sector Assets and Liabilities Management Corp. (PSALM) is revisiting its plans to convert its Diliman property in Quezon City into a mixed-use complex featuring commercial, office, and high-value developments.
Dennis Edward A. Dela Serna, PSALM's president and chief executive officer (CEO), confirmed that the state-run corporation is reviving its redevelopment plan for the 5.195-hectare (ha) property located within the National Power Corp. (NPC) compound.
The area is planned to be transformed into a mixed-use complex, which was previously said to take inspiration from developments such as Bonifacio Global City (BGC) and New Clark City, as undertaken by the also state-run Bases Conversion and Development Authority (BCDA).
"We are in the process of seeking board approval for the Diliman property privatization plan," Dela Serna told Manila Bulletin on Thursday, Aug. 21. The PSALM board discussed the matter last Wednesday, Aug. 20.
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