PDIC sets e-bidding for prime, strategically located assets for April 22-23

The Philippine Deposit Insurance Corporation (PDIC) will conduct an electronic public bidding for prime corporate and closed bank properties from April 22 to 23.

In a press release on Friday, the PDIC said that interested investors and asset buyers would be able to access their e-bidding portal (https://assetsforsale.pdic.gov.ph) from 9 a.m. on April 22 until 1 p.m. on April 23, with bids formally opening by 2 p.m.

“This asset disposal initiative presents a rare opportunity to own strategic commercial, industrial, residential, and agricultural assets through a transparent and fully digital bidding platform,” the PDIC said.

Among the properties to be offered are a vacant commercial lot with "strong development potential" in Kidapawan City, North Cotabato; a commercial lot in Kalibo, Aklan; and an industrial lot in General Santos City, South Cotabato, the PDIC said.

Also on the list are 25 agricultural lots, 19 residential properties, and three mixed residential/agricultural lots located in Aklan, Antique, Bohol, Capiz, Guimaras, Iloilo, Cebu, Negros Oriental, Southern Leyte, North Cotabato, South Cotabato, Agusan del Norte, Agusan del Sur, Surigao City, and Surigao del Sur.

“[T]he asset inventory provides flexibility for a wide range of investment strategies, from immediate operational use and redevelopment to long-term land banking and portfolio expansion,” the PDIC said.

Prospective buyers only need to complete a one-time registration on PDIC’s e-bidding platform to participate.

It also reminded them to conduct due diligence in verifying the assets and carefully read the Conditions of Bid. — Jiselle Anne Casucian/VBL, GMA Integrated News