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May 27, 2024

PDIC eyes P43M from sale of Luzon, Mindanao residential lots

State-run Philippine Deposit Insurance Corp. (PDIC) is looking at raising about P43 million from the sale of 36 residential lots via an electronic public bidding on April 22.

To be sold individually and on an “as-is, where-is” basis are 21 vacant residential lots and 15 residential lots with improvements located in Metro Manila, Cavite, Laguna, Misamis Oriental, North Cotabato, Palawan, Pampanga, Pangasinan, Quezon and Sultan Kudarat.

Property sizes of the residential lots are between 120 and 1,882 square meters with the minimum disposal prices ranging from P217,000 to P2.9 million.

Interested buyers may send their bids online through PDIC’s e-bidding portal at

https://assetsforsale.pdic.gov.ph starting at 9am on April 21, to 1pm on April 22.

Bids will be opened at 2pm on April 22. A onetime registration to the e-bidding portal is required from interested buyers which may be completed via the e-bidding portal at Register – Assets for Sale!.

Register – Assets for Sale!

Bidders may observe the ebidding proceedings on the same portal, which may also be accessed by clicking the “Assets for Sale” icon on the PDIC website’s homepage at www.pdic.gov.ph.

The complete list and description of the properties, requirements, e-bidding

process, and Conditions of Bid are posted on the e-bidding portal. Bidders are

reminded of their responsibility to determine the actual condition, status,

ownership, and other circumstances of the properties they wish to acquire.