PDIC to auction 42 closed bank properties
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PDIC e-bidding set July 9 and 10

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THE Philippine Deposit Insurance Corporation (PDIC) will sell 42 closed bank properties located in various provinces in Luzon and Visayas through electronic public bidding (e-bidding).

 Electronic bids will be accepted through the PDIC e-bidding portal,

https://assetsforsale.pdic.gov.ph, starting at 9 a.m. on July 9, 2025, until 1 p.m. on July 10, 2025, and will be opened at 2 p.m. on July 10, 2025.

For sale on an as-is-where-is basis are 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 a residential condominium. Ranging from 39.41 square meters to 127,846 square meters, the properties are located in Metro Manila, Aklan, Batangas, Cebu, Camarines Sur, Eastern Samar, Isabela, Laguna, Leyte, Masbate, Pangasinan, and Quezon. 

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 are encouraged to visit the catalog of properties in the e-bidding portal, where the complete list and description of the properties, requirements, e-bidding process, and Conditions of the Bid are posted. Prospective bidders are enjoined to conduct their due diligence on the properties by reviewing and understanding the terms and conditions outlined by the PDIC. Further, prospective buyers are likewise reminded of their responsibility to determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire 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 stating that the agricultural lot subject of 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. Winning bidders are also required to submit an Affidavit of Aggregate Landholdings within the same period, 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 obtained from the Download Center of the e-bidding portal, https://assetsforsale.pdic.gov.ph. PR

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