STATE-RUN Philippine Deposit Insurance Corp. (PDIC) is set to sell 50 properties from closed banks located across various provinces in Luzon and Visayas through an electronic public bidding (e-bidding). Electronic bids will be accepted via the PDIC e-bidding portal, https://assetsforsale.pdic.gov.ph, starting at 9 a.m on June 25, 2025, until 1 p.m. on June 26. The bids will be opened at 2 p.m. on June 26.
The properties, to be sold on an “as-is-where-is” basis, include 27 vacant agricultural lots, 12 vacant residential lots, six residential lots with improvements, four mixed residential/agricultural lots with improvements and one agricultural lot with improvements. These properties range in size from 200 square meters to 55,905 square meters and are situated in Aklan, Antique, Benguet, Isabela, La Union, Leyte and Pangasinan.
Prospective bidders are required to register once on the portal at http://assetsforsale.pdic.gov.ph/Account/Register to participate. Once registered, buyers can submit bids online and monitor the e-bidding proceedings. Interested parties are strongly encouraged to review the complete list, descriptions, requirements, e-bidding process and conditions of the bid available on the e-bidding portal.
The PDIC reminds prospective buyers to conduct their own due diligence on the properties to ascertain their actual condition, status, ownership and other relevant circumstances. / KOC