THE PHILIPPINE Deposit Insurance Corporation (PDIC) is set to sell through electronic public bidding (e-bidding), a total of 72 commercial, residential, agricultural, and mixed-use lots. Electronic bids will be accepted through the PDIC e-bidding portal, https://assetsforsale.pdic.gov.ph, starting at 9 am on Dec. 11, 2024, until 9 am on Dec. 12, 2024, and will be opened at 10 am on Dec. 12, 2024.
To be sold on an as-is-where-is basis are corporate and closed banks’ assets consisting of 26 vacant residential lots, 22 residential lots with improvements, nine vacant agricultural lots, five commercial lots with improvements, four vacant residential/agricultural lots, three agricultural lots with improvements, two residential/agricultural lots with improvements, and one agricultural lot. Property areas range from 49 square meters to 72,220 square meters.
Some of the listed properties will be sold together, including one residential lot with improvements and one vacant residential lot in Aklan, one vacant agricultural lot and one residential lot with improvements in Negros Oriental, two commercial lots with improvements in Nueva Ecija, two vacant residential lots in Dagupan City, Pangasinan, one vacant agricultural lot and one residential/agricultural lot with improvements in Mapandan, Pangasinan, and two residential lots with improvements in Rizal.
Prospective parties can join the e-bidding through a one-time registration on the portal at http://assetsforsale.pdic.gov.ph/Account/Register. Once registered, buyers may submit their bids online and observe the e-bidding proceedings by clicking the “Assets for Sale” icon on the PDIC website’s homepage at www.pdic.gov.ph.
Interested buyers can browse through the catalog of properties on the e-bidding portal where the complete list and description of the properties, requirements, e-bidding process, and Conditions of Bid are posted. Prospective bidders are encouraged to familiarize themselves with the terms and conditions outlined by the PDIC and are reminded of their responsibility to determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire.
Participants bidding on behalf of another individual or an organization can download the Pro-forma Special Power of Attorney and Secretary’s Certificate, respectively, from the Download Center of the e-bidding portal, https://assetsforsale.pdic.gov.ph.
Winning bidders of agricultural properties are required to submit, within fifteen (15) days after the e-bidding, a Certification issued by the Provincial Agrarian Reform Officer (PARO) of the Department of Agrarian Reform where the property is located that the agricultural lot subject to the bid is not covered by the Comprehensive Agrarian Reform Program (CARP) and that no Emancipation Patent or Certificate of Land Ownership Awards has been issued for the said property. Simultaneously, they are also required to submit an Affidavit of Aggregate Landholdings, which states that the person’s collective landholdings – including the property/ies to be acquired during the bidding – do not exceed the five-hectare limit set by law. The prescribed format for the Certification and Affidavit can be likewise be obtained from the Download Center of the e-bidding portal.
As the statutory receiver of closed banks, the PDIC liquidates the remaining assets of closed banks to maximize recovery and help pay claims of closed bank creditors, including depositors with uninsured deposits. Proceeds from the sale of closed bank-owned properties go directly to a fund that the Corporation manages for these closed banks to settle creditors’ claims. Meanwhile, revenues from the sale of corporate assets are added to the Deposit Insurance Fund, the funding source for valid deposit insurance claims.
For more information on e-bidding, interested buyers within Metro Manila 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).
