Soc Resources Inc (Philippines)

SOCResources, Inc. (SOC) is a company located in Makati, Philippines. It was incorporated and registered with the SEC on September 25, 1992. Initially, SOC focused on oil and gas exploration, development, and production, becoming one of the leading exploration companies after its listing in 1994. In response to the financial crisis of the 90s, SOC diversified its business into other investments, including technology-based ventures and real estate. One of SOC's significant investments was the acquisition and sale of Bell Telecommunications Philippines, Inc. and Filipinas Plaza. SOC also acquired a 2.4-hectare plot in Buli, Muntinlupa, strategically located along the South Luzon Expressway, to address the country's housing backlog. To develop this property, SOC established its wholly owned subsidiary, SOC Land Development Corporation (SOC Land), which aims to provide quality homes at affordable prices. SOC Land's first project is Anuva Residences, a 2.4-hectare community near Sucat Interchange. It consists of four tandem buildings, with the first building, Anala, completed in May 2015. The second building, Azalea, is currently in the preselling stage. SOC Land's latest project is Althea Residences, a horizontal residential development in Biñan City, Laguna. In addition to real estate, SOC has identified food production as a potential investment area due to the country's growing population and rising incomes. The company has entered into an agreement with the Palawan IP group Campong It Mapangarapan It Palawano (CAMPAL) to undertake agro-industrial development of their ancestral land. Furthermore, SOC is exploring conventional and renewable energy resources to address the country's power requirements. The company aims to provide sustainable base load power for a steady income stream. Overall, SOCResources, Inc. is a diversified company involved in oil and gas exploration, real estate development, food production, and energy resources.