THE Philippine Deposit Insurance Corp. (PDIC), the state deposit insurer, will conduct an electronic public bidding (e-bidding) for 42 properties from closed banks located across various provinces in Luzon and Visayas.
Electronic bids will be accepted via the PDIC e-bidding portal, https://assetsforsale.pdic.gov.ph, commencing at 9 a.m. on July 9, 2025, and concluding at 1 p.m. on July 10, 2025. The bids are scheduled to be opened at 2 p.m. on July 10, 2025.
The properties, to be sold on an “as-is-where-is” basis, encompass a diverse range of real estate assets. These include 11 vacant agricultural lots, 11 vacant residential lots, 10 residential lots with improvements, three agricultural lots with improvements, two commercial lots with improvements, two mixed residential/agricultural lots with improvements, two vacant mixed residential/agricultural lots and one residential condominium.
Sizes of the properties vary significantly, ranging from 39.41 square meters to 127,846 square meters. The locations span key areas including Metro Manila, Aklan, Batangas, Cebu, Camarines Sur, Eastern Samar, Isabela, Laguna, Leyte, Masbate, Pangasinan and Quezon.
Prospective bidders are required to complete a one-time registration on the portal at http://assetsforsale.pdic.gov.ph/Account/Register. Upon successful registration, buyers can submit their bids online and monitor the e-bidding proceedings via the “Assets for Sale” icon on the PDIC website, www.pdic.gov.ph.
Interested buyers are strongly advised to thoroughly review the comprehensive catalog of properties available on the e-bidding portal. This catalog provides a complete list and description of the properties, outlines the bidding requirements and process, and details the conditions of the bid.
The PDIC emphasizes the importance for prospective bidders to conduct their due diligence on the properties, including verifying their actual condition, status, ownership and other relevant circumstances, prior to submitting bids. / KOC