PDIC to sell agricultural, mixed used lots
Prospective parties can join the e-bidding through a one-time
registration on the portal at http://assetsforsale.pdic.
To be sold on an as-is-where-is basis are corporate and closed banks’ assets consisting of 35 agricultural lots, 10 agricultural lots with improvements, six mixed residential/agricultural lots, five mixed residential/agricultural lots with improvements, and one mixed commercial/agricultural lot with improvements. These properties are located in Aklan, Antique, Bataan, Batangas, Bukidnon, Bulacan, Cagayan, Davao de Oro, Iloilo, Isabela, Laguna, Lanao del Norte, Marinduque, Misamis Occidental, Negros Oriental, Pampanga, Pangasinan, Quezon and Tarlac. Property sizes range from 201 to 316,117 square meters.
Interested parties 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 get familiar 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.
For agricultural lot buyers, bidders must submit 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
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. Bidders of agricultural lots 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 obtained from the
download center of the e-bidding portal, https://assetsforsale.
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 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 to pay valid deposit insurance claims.
For more information on the 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). (PDIC/PIA-Caraga)
