Skip to main content

PDIC to bid out Luzon, Visayas residential and commercial lots on January 19-20


The Philippine Deposit Insurance Corporation (PDIC) will accept bids for 45 residential and commercial lots located in various provinces of Luzon and Visayas on its e-bidding portal at https://assetsforsale.pdic.gov.ph starting at 9:00 am on January 19, 2023 until 1:00 pm on January 20, 2023, and shall be opened at 2:00 pm on January 20, 2023. 

To be sold on an “as-is, where-is” basis and with a total minimum disposal price of P121.2 million, these properties are owned by PDIC or closed banks under liquidation by PDIC and located in Metro Manila, Bulacan, Cavite, Iloilo, Laguna, Leyte, Marinduque, Nueva Ecija, Occidental Mindoro, Pangasinan, Quezon, and Rizal. These include 28 residential lots, 12 residential lots with improvements, three commercial lots with improvements, and two subdivision/residential lots. Property sizes range from 25 to 27,398 square meters with minimum disposal prices between P25,000 and P54.8 million.

For interested buyers, a one-time registration on the PDIC e-bidding portal at http://assetsforsale.pdic.gov.ph/Account/Register is required before submitting bids. Once registered, they may observe the e-bidding proceedings on the website by clicking the “Assets for Sale” icon on the PDIC website's homepage at www.pdic.gov.ph.

The complete list and description of the properties, requirements, e-bidding process, and Conditions of Bid are posted on the same 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 bidding on behalf of another individual or an organization, a Pro-forma Special Power of Attorney and Secretary's Certificate, respectively, can likewise be downloaded from the e-bidding portal.

For more information on the e-bidding, interested buyers 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 pad@pdic.gov.ph or private message on PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC).

As the statutory receiver, the PDIC sells closed bank-owned assets through public bidding and negotiated sales. Proceeds from the liquidation of closed banks' properties are added to the pool of liquid assets of these banks for distribution to uninsured depositors and other creditors subject to the rules on concurrence and preference of credits. The disposal of these assets increases the chances of recovery of uninsured depositors and creditors of their trapped funds in the closed banks. Meanwhile, proceeds from the sale of corporate assets are added to the Deposit Insurance Fund, PDIC’s main fund source for payment of valid deposit insurance claims.




Labels:

Comments

Post a Comment

Popular posts from this blog

Dumaguete crime rate drops

  DUMAGUETE CITY, Negros Oriental, Nov. 10 (PIA) -- The Dumaguete City Police Station has reported that between October 1 to Nov. 7, only 70 crime incidents were recorded, a decrease by 21% compared to 91 incidents in the same period of last year. In a City Peace and Order Council meeting, Lt. Col. Ronoel Fungo disclosed that no homicide, murder, robbery, carnapping, rape and rape with homicide cases were reported in the same period.  The City Health Office also reported that of the total 905 surrenderees or people who use drugs (PWUDs) in 2017, around 334 or 37% have completed their assessment as of Nov. 7, 2023. With the absence of drug dependents and pushers in Poblacion 4, 5, and 7, these are considered drug-free barangays, while Poblacion 6 was declared drug-cleared.  The City Health Office also noted that the low or no response to assessment of PWUDs are due to change of address, unknown whereabouts, conflict in work schedule, and imprisonment.  Meanwhile, the ...
Post a Comment
Read more

POPCOM7 strengthens KATROPA implementation in CV LGUs

  (Center left) Board of Director KATROPA Danao City Federation, Juan Capuno Jr. and POPCOM KATROPA Focal Person, Roberto Yana (Center right) CEBU CITY, Cebu, March 1 (PIA) -- The Commission on Population and Development (POPCOM) Region 7 is strengthening the implementation of Kalalakin-an nga Tinud-anay sa ilang Responsibilidad og Obligasyon sa Pamilya (KATROPA) in the local government units (LGUs). During the Kapihan sa PIA, KATROPA Focal Person Roberto Yana disclosed that they aim to educate the male population of their responsibilities in the family, especially on their roles as son, husband, and father.  Members undergo a training of trainers to have a wholistic understanding of their roles and responsibilities in family planning. Yana explained that they accept members as young as 15 years old so they would be educated on community development, livelihood, and responsible parenthood.  In the same forum, Board of Director of the KATROPA Danao City Fede...
Post a Comment
Read more

EMB 7 creates composite team for water sampling

The Environmental Management Bureau (EMB) 7 of the Department of Environment Natural Resources Central Visayas on Tuesday, Dec. 28, has created a composite team for water sampling in the different parts of the region affected by Typhoon "Odette" (International name: Rai). The EMB 7 deployed two teams conducting ambient water sampling in the Northern Cebu (Liloan area, Consolacion, Mandaue and Mactan Coastal Area) and Southern Cebu (Cebu Port Area, Talisay, Naga and San Fernando). The bureau said the first two samples from Punta Engaño near Movenpick Hotel Mactan Island Cebu and Umapad, Mandaue City near the bridge and Petron) taken last Dec. 23 and 24 were brought to Ostrea Laboratory since the EMB laboratory cannot analyze due to no electricity. The office is still awaiting the result for these two samples which will be available by Wednesday, Dec 29.  It said the other samples taken on Tuesday will also be brought to Ostrea laboratory, an accredited laboratory of EMB 7. (ID...
Post a Comment
Read more