After suspending public bidding schedules when the pandemic started, the Government Service Insurance System (GSIS) shall resume by selling a total of 113 GSIS foreclosed properties this coming July to August 2021. Bidding details can be found below.
Note: Most of the properties on the listings below are occupied, and are for sale on an “As is Where is” basis. We do not recommend buying occupied properties (I have included quick links below which already excludes occupied properties). With regard to occupied properties, it would be best to avoid them, as explained in the following article:
GSIS foreclosed properties and public bidding schedules
View list of ALL GSIS foreclosed properties scheduled for auction (database)
To view a list with all GSIS foreclosed properties scheduled for auction in our database, click on the button below.
Upcoming Bidding schedules for 2021
|Auction date and Location of foreclosed properties included||View list of properties / download||# of foreclosed properties|
July 30 and August 17, 2021 - Foreclosed properties in Bulacan, Metro Manila, Rizal, and Quezon Province
|Time and venue:||71|
August 5 and 26, 2021 - Foreclosed properties in Pampanga
|Time and venue:|
|Total scheduled for auction from the GSIS:||113|
Note: You will need Adobe Acrobat Reader to view PDF files, which is free to download at Adobe.com
The source of this compilation of listings is the official website of GSIS as retrieved on June 28, 2021.
Search for more foreclosed properties
Wait, there’s more! You can also search from our database that includes other banks and institutions that have foreclosed properties for sale.
Foreclosed properties database
To quickly search for all available foreclosed properties that include other banks/ institutions, visit our Foreclosed Properties Database linked below:
All locations with foreclosed properties by Province/City
You can also browse all locations within the Philippines with foreclosed properties available from ALL banks/lending institutions inside our database, grouped by Province/ City, on this page:
Note: The “Foreclosed Properties Database” is a work in progress. If you have comments/ suggestions, please do let me know by leaving a comment below.
Interested parties may contact GSIS directly to get more details through the following:
For bidding inquiries, you may call the Real Property Accounts Management Department (RPAMD) at trunk line numbers (02) 8479-3600, and (02) 7976-4900 local numbers 3228, 3374, and 3396or send an email at firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, email@example.com, or firstname.lastname@example.org
How to buy GSIS foreclosed properties (General guidelines, Guide for bidders)
To view information on how to buy GSIS foreclosed properties, please refer to the General guidelines, and also the Guide for bidders. Copies of which are can be downloaded below (also includes bidding form).
All properties are for sale on an “as-is, where-is” basis.
As stated in the guidelines:
“Disposal of GSIS IP-RUs is on “As-is Where-is” basis. Interested bidders are enjoined to personally inspect the GSIS IP-RUs for sale. “As-is Where-is” is defined as the present physical condition of the retail unit that GSIS is selling and the buyer is buying, “with all attendant faults, if any,” whether or not immediately apparent and without any express or implied warranty. The buyer takes this condition at his or her own risk, without recourse against the GSIS as to their condition. This includes knowledge by the buyer of the presence of occupants in the retail-unit being purchased.”
GSIS reserves the right to waive any formality or to reject any or all bids received. The list of properties available for sale may be updated without prior notice
Here’s a note with regard to Value Added Tax (VAT)
NOTES TO BIDDERS:
Pursuant to Republic Act (RA) No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Act, the selling price of GSIS properties above PhP2.5 million shall be subject to twelve percent (12%) Value-Added Tax (VAT).
The declared winning bidders shall pay the balance of the purchase price plus 12% VAT on prescribed date indicated in the Notice of Approval of Sale.
Full disclosure: Nothing to disclose, we are not accredited real estate brokers of GSIS. We are sharing this public auction announcement as a form of public service to the general public who might be interested in foreclosed properties and acquired assets from the GSIS. Please contact GSIS directly to inquire, thank you for understanding