MANILA (PIA) – The Philippine Deposit Insurance Corp. (PDIC) will sell some 37 residential and commercial lots through electronic public bidding (e-bidding) on its e-bidding portal, https://assetsforsale.pdic.gov.ph, starting at 9:00 am on July 24, 2024, until 1:00 pm on July 25, 2024. Bids will be opened at 2:00 pm on July 25, 2024.
Prospective buyers can join the e-bidding through a one-time registration on the portal at http://assetsforsale.pdic.gov.ph/Account/Register. Once registered, they may submit their bids online and observe the e-bidding proceedings by clicking the “Assets for Sale” icon on the PDIC website’s homepage at www.pdic.gov.ph.
The properties up for sale on an “as-is-where-is basis” include 20 residential lots with improvements, 11 vacant residential lots, two commercial lots with improvements, one commercial lot with improvements (bundled with a vacant residential lot), two mixed commercial-residential lots with improvements (one is bundled with a residential lot), and one vacant commercial lot.
These properties are located in various areas across the Philippines, with sizes ranging from 100 square meters to 7,535 square meters.
Interested parties 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.
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.
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 [email protected], or private message on PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC). (JCO/PIA-NCR)
