The Philippine Deposit Insurance Corp. (PDIC) is set to bid out its 75 pieces of property with an aggregate minimum disposal value of P59.95 million.
In a statement, the PDIC said that it will sell out its pieces of property via public bidding on an “as-is, where-is” basis on July 30.
“The properties shall be sold on an ‘as-is, where-is’ basis. Hence, before submitting their bids, prospective buyers are advised to physically inspect the properties they are interested to buy; assess and verify the land titles and other documents and determine unpaid taxes, fees or expenses,” it stated.
It added that the bidding is the second for the year, which will be held at the PDIC Training Room, SSS Building in Makati City. Opening of bids will start at 2 p.m.
The PDIC noted that the said pieces of property consist of eight commercial and 66 residential lots, some of which have improvements.
“The properties are located in Metro Manila and in the provinces of Batangas, Camarines Norte, Cavite, Laguna, Pangasinan and Quezon. An agricultural lot [with certificate of non-CARP coverage]in Aroroy, Masbate, will also be bidded out,” it added.
CARP is the Comprehensive Agrarian Reform Program.
Furthermore, the PDIC said that it will receive sealed bids from direct buyers only on July 30 from 9 a.m. to 2 p.m.
The PDIC added that all bids must be accompanied by a bond or deposit equivalent to at least 10 percent of the submitted bid either in cash or manager’s or cashier’s check issued by a universal or reputable commercial bank. The winning bidder is required to pay the balance of the bid price not later than August 8, 2013.
“Bid documents such as bid forms, conditions of bid and acceptable formats for the special power of attorney and secretary’s certificate may be downloaded free of charge from the PDIC website, www.pdic.gov.ph,” it added.
Mayvelin U. Caraballo