These include 35 residential lots with improvements, 29 vacant residential lots, 13 vacant agricultural lots, and nine agricultural lots with improvements, four of which will be sold as one.
Property sizes range from 94 to 50,462 square meters with minimum disposal prices between P24,320 and P9.4 million.
These properties are located in Antique, Cebu, Davao de Oro, Davao del Norte, Davao Oriental, Davao del Sur, Iloilo, Lanao del Norte, Maguindanao, Misamis Oriental, Negros Oriental, South Cotabato and Sultan Kudarat.
These properties are owned by closed banks under liquidation by PDIC.
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.
PDIC said the complete list and description of the properties, requirements, e-bidding process, and conditions of bid are posted on the PDIC e-bidding portal at https://assetsforsale.pdic.gov.ph/.
The state-run agency also reminds bidders of their responsibility to determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire.
For agricultural lots, bidders must also submit a certification, issued by the Provincial Agrarian Reform Officer of the Department of Agrarian Reform where the property is located and that the property subject of the bid is not covered by the Comprehensive Agrarian Reform Program and that no Emancipation Patent or Certificate of Land Ownership Awards has been issued for the said property.
For said lots, bidders 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.
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.