The Philippine Deposit Insurance Corporation (PDIC) will sell via public
bidding on an “as-is, where-is” basis up to 91 real properties with an
aggregate minimum disposal value of P46.73 million on September 27, 2013.
The public bidding will be held at the PDIC Training Room, 9th Floor,
SSS Building, Ayala Avenue corner V.A. Rufino St., Makati City. Opening of bids
will start at 2:00 p.m.
The
real properties consist of two former bank premises, one condominium unit and
88 residential lots, some of which have improvements. The properties are
located in Metro Manila and in the provinces of Ilocos Sur, La Union,
Pangasinan, Isabela, Nueva Ecija, Tarlac, Bataan, Bulacan, Zambales, Pampanga
and Rizal.
The
PDIC will receive sealed bids from direct buyers only on September 27, 2013
from 9:00 a.m. to 2:00 p.m. No extension will be given for the submission of
bids. Bidders are advised to come at least one hour prior to the opening of
bids to register and submit the requirements.
The
properties shall be sold on an “As-is, Where-Is” basis. Hence, before
submitting their bids, prospective buyers are advised to physically inspect the
properties they are interested to buy; assess and verify the land titles and
other documents; and determine unpaid taxes, fees or expenses. All bids must be
accompanied by a bond or deposit equivalent to at least 10% of the submitted
bid either in Cash or Manager’s or Cashier’s Check issued by a universal or
reputable commercial bank. The winning bidder is required to pay the balance of
the bid price not later than October 8, 2013.
Bid
documents such as Bid Forms, Conditions of Bid, and acceptable formats for the
Special Power of Attorney and Secretary’s Certificate may be downloaded free of
charge from the PDIC website, www.pdic.gov.ph.
For
property details, vicinity maps, lot plans and other information, interested
bidders may contact Mr. Polo L. Pantaleon, Jr. or Ms. Ma. Jozzenne Claire B.
Carandang (Asset Management and Disposal Department III) at telephone numbers
841-4665 or 841-4671.
The
regular conduct of public biddings of corporate and closed banks’ assets is in
line with the PDIC’s strategic direction of expeditious disposal of
non-financial assets as outlined in PDIC’s medium-term Roadmap to 2016. This is
also in support of PDIC’s mandate as Liquidator of closed banks. The PDIC
converts the closed banks’ assets into cash either through public biddings or
negotiated sale to maximize recovery and facilitate distribution of assets to
closed banks’ uninsured depositors and creditors.
Comments
Post a Comment