PDIC to hold public e-bidding for the sale of 53 real properties from February 19-20
The Philippine Deposit Insurance Corporation (PDIC) is set to sell
through electronic public bidding (e-bidding) a total of 53 real properties.
Electronic bids will be accepted through the PDIC e-bidding portal, https://assetsforsale.
To be sold on an as-is-where-is basis are closed banks’ and PDIC assets consisting of 17 residential lots with improvements, 14 vacant residential lots, 13 vacant agricultural lots, three vacant residential/agricultural lots, three residential/agricultural lots with improvements, one agricultural lot with improvements, one commercial lot with improvements, and one commercial/residential lot with improvements. These properties are located in Metro Manila, Batangas, Bulacan, Cagayan, Cavite, Iloilo, Isabela, Laguna, Misamis Oriental, Negros Occidental, Nueva Ecija, Pangasinan, Quezon, Quirino, and Zambales. Property areas range from 114 to 146,447 square meters.
Prospective parties can join the e-bidding
through a one-time registration on the portal at http://assetsforsale.pdic.
Interested buyers can browse through the catalog of properties on the e-bidding portal where the complete list and description of the properties, requirements, e-bidding process, and Conditions of Bid are posted. Prospective bidders are encouraged to get familiar with the terms and conditions outlined by the PDIC and are reminded of their responsibility to determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire.
Winning bidders of agricultural properties are
required to submit, within fifteen (15) days after the e-bidding, a
Certification issued by the Provincial Agrarian Reform Officer (PARO) of the
Department of Agrarian Reform where the property is located that the
agricultural lot subject of the bid is not covered by the Comprehensive
Agrarian Reform Program (CARP) and that no Emancipation Patent or Certificate
of Land Ownership Awards has been issued for the said property. Winning bidders
are also required to submit an Affidavit of Aggregate Landholdings within the
same period, which states that the person's collective landholdings, including
the property/ies to be acquired during the bidding, do not exceed the
five-hectare limit set by law. The prescribed format for the Certification and
Affidavit can be obtained from the Download Center of the e-bidding portal, https://assetsforsale.
Participants bidding on behalf of another individual or an organization can download the Pro-forma Special Power of Attorney and Secretary's Certificate, respectively, from the e- bidding portal.
As the statutory receiver of closed banks, the PDIC liquidates the remaining assets of closed banks to maximize recovery and help pay claims of closed bank creditors, including depositors with uninsured deposits. Proceeds from the sale of closed bank-owned properties go directly to a fund that the Corporation manages for these closed banks to settle creditors’ claims. Meanwhile, revenues from the sale of corporate assets are added to the Deposit Insurance Fund, the funding source for valid deposit insurance claims.
For more information on the e-bidding, interested buyers within Metro Manila may call the PDIC Public Assistance Department at (02) 8841-4141 during office hours. Those outside Metro Manila may call the PDIC toll-free hotline at 1-800-1-888-PDIC or 1-800-1-888- 7342, also during office hours. Inquiries may also be sent via e-mail at pad@pdic.gov.ph, or private message on PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC). (PDIC/PIA Caraga)
