PDIC to auction 62 lots on Feb. 10

Philippine Deposit Insurance Corp. announced that it will sell 62 residential and commercial lots via a public electronic bidding (e-bidding) on February 10, 2022.

To be sold individually and on an “as-is, where-is” basis are 34 vacant residential lots, 26 residential lots with improvements, one vacant commercial lot and one commercial lot with improvements located in Metro Manila, Albay, Aurora, Batangas, Bulacan, Cagayan, La Union, Laguna, Leyte, Palawan, Pangasinan, Quezon, Rizal, Sarangani and South Cotabato.

Bids for these corporate and closed bank properties may be submitted online by interested buyers through the PDIC’s e-bidding portal starting at 9:00 am on February 9, 2022, to 1:00 pm on February 10, 2022. 

Bids will be opened at 2:00 pm on February 10, 2022. A one-time registration to the e-bidding portal is required for interested buyers before being allowed to submit their bids. 

PDIC’s e-bidding portal may be accessed at https://assetsforsale.pdic.gov.ph , or by clicking the “Assets for Sale” icon found in the PDIC website homepage at www.pdic.gov.ph. Bidders can likewise observe the e-bidding proceedings on the e-bidding portal.

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.

For participants who are submitting bids on behalf of another individual or an organization, respectively, the standard format of the required Special Power of Attorney and Secretary's Certificate may be downloaded for free from the e-bidding portal.

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“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” 

-Franklin D. Roosevelt

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