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PDIC to sell 41 residential lots

The Philippine Deposit Insurance Corp. (PDIC) announced it will accept bids for residential lots up for sale via its e-bidding portal from October 20 until October 21; bids will be opened at 2:00 p.m. on October 21, 2022.

To be sold on an “as-is, where-is” basis and with a total minimum disposal price of P39.9 million are 41 closed bank-owned residential lots. These lots are located in: Metro Manila; Bataan; Batangas; Camarines Sur; Cotabato; Davao de Oro; Laguna; Leyte; Marinduque; Occidental Mindoro; Pampanga; Pangasinan; Quezon; Rizal; and, Samar. These include 24 residential lots and 17 residential lots with improvements. Property sizes range from 45 square meters (sqm) to 830 sqm with minimum disposal prices between P107,800 and P3.9 million.

For interested buyers, a one-time registration on the PDIC e-bidding portal is required before submitting bids. Once registered, they may observe the e-bidding proceedings on the website by clicking the “Assets for Sale” icon on the PDIC website’s homepage.

The complete list and description of the properties, requirements, e-bidding process, and conditions of bid are posted on the same portal. Bidders are reminded of their responsibility to determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire.

For participants bidding on behalf of another individual or an organization, a Pro-forma Special Power of Attorney and Secretary’s Certificate, respectively, can likewise be downloaded from the e-bidding portal.

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