The state-owned Bases Conversion and Development Authority (BCDA) announced that it is inviting real estate developers to bid for a 5,000-square meter lot that used to be the driving range at Villamor Air Base in Taguig City.
BCDA president and chief executive officer Arnel Paciano Casanova said the lot to be sold is known as Lot 5A Villamor Driving Range and the minimum bid for the property was set at P168 million, inclusive of 12 percent VAT.
He said the lot should not be confused with the existing driving range at Villamor Air Base which the BCDA has replicated and is operational.
“What is being auctioned off is a lot in the institutional area where the former Villamor Airbase driving range used to be located,” Casanova said.
He said the property is bounded on the northwest by the Philippine State College of Aeronautics (PhilSCA), on the northeast by the South Luzon Expressway (SLEX), on the south by a privately owned vacant land, and on the west by an access road servicing the schools within the vicinity.
“We are very optimistic that a significant number of real estate firms will join the bidding considering the location of the property,” Casanova added.
Atty. Nena Radoc, chairperson of the BCDA’s Asset Disposition Program, said interested bidders may purchase the Terms of Reference (TOR) at the BCDA Corporate Center at the 2nd Floor of the Bonifacio Technology Center, Bonifacio Global City from 21 July to 26 August 2014 for a non-refundable fee of P75,000.00. The TOR may also be viewed on the BCDA website at www.bcda.gov.ph.
She added that a pre-bid conference, in which the property, TOR, and inquiries from interested bidders will be discussed, will be held on 7 August 2014 at 10 a.m. at the BCDA Corporate Center.