The Social Security System (SSS) will bid out one of its properties in Taguig City.
In a press conference on Monday, SSS President Emilio de Quiros Jr. said that pension fund agency will sell its 8,300-square-meter prime land in Bonifacio Global City.
De Quiros said the minimum bid price for the property is P269,894 per square meter or a minimum total price of P2.24 billion.
He said the minimum total bid price translates to a gain of 163 percent or more than twice the property’s dacion value.
“This is the most opportune time to sell, while land prices are at peak level. Also, the ongoing developments in the BGC area created a high demand for land where there’s a short supply of sellers,” de Quiros said
MAYVELIN U. CARABALLO