Auction of Php80.3-Million worth of PDIC foreclosed properties slated on December 20, 2012

The Philippine Deposit Insurance Corporation or PDIC will be conducting a sealed bidding of Php80.3-Million worth of real estate assets on December 20, 2012, 9:00am, at the 9th Floor PDIC Training Room, SSS Building, V. A. Rufino Street corner Ayala Avenue, Makati City, Philippines.

The deadline for the submission of sealed bids will be at 2:00 pm on the same day. Bids will only be accepted from direct buyers. More details below.

Foreclosed properties and acquired assets from PDIC and closed banks are included in the bidding, and are from Metro Manila, Luzon, Visayas, and Mindanao areas. All properties are for sale on an “AS-IS, WHERE IS” basis, and buyers are advised to conduct their own due diligence, prior to submitting any sealed bids.

Auction terms

All bidders are required to include in their sealed bids a 10% bid bond in the form of cash or manager’s check. For winning bidders,  the balance of the winning bids must be paid on or before January 4, 2013.

Download the list of PDIC foreclosed properties for sealed bidding

To download the complete list of PDIC foreclosed properties for sealed bidding on December 20, 2012, just click on the image preview below. The list consists of 8 pages and is in PDF format.

Alternately, you may click on the following link to download the list.

• PDIC foreclosed properties sealed bidding invitation to bid – December 20, 2012 (PDF)

Source: PDIC website*

*Other relevant forms and pictures of the properties (when available) can also be found in the official website of the PDIC.

For more information

You may contact PDIC directly through the following telephone numbers

• 841-4665
• 841-4671

Happy hunting!

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Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: Nothing  to disclose.