CALOOCAN CITY, (PIA) -- The Philippine Deposit Insurance Corporation (PDIC) will sell 5 condominium units, and 27 residential lots through an electronic public bidding (public ebidding) at https://assetsforsale.pdic.gov.ph on September 24, 2021.

To be sold on an “as-is, where is” basis, the properties with an aggregate minimum disposal price of P54.1 million, are situated in Metro Manila, Bulacan, Cavite, Laguna, Pangasinan and Quezon.

These include 19 residential lots and eight residential lots with improvements; and a commercial condominium unit and four residential condominium units located in Isabelle Mansion, Edison Avenue, Sun Valley, Paranaque City.

A one-time registration on the PDIC e-bidding portal is required to enable interested buyers to participate in the e-biddings.

Online bids shall be accepted by the PDIC Real and Other Properties Acquired (ROPA) Disposal Committee only from direct buyers who registered in the ebidding portal.

Online bids may be placed between 9 a.m. of September 23, 2021 and 1 p.m. of September 24, 2021.

The e-bidding portal may also be accessed by clicking the “Assets for Sale” icon in the PDIC website homepage at www.pdic.gov.ph.

The complete list and description of the properties, requirements, ebidding process and Conditions of Bid are posted on the e-bidding portal.

The standard format of the Special Power of Attorney and Secretary's Certificate, which are required for participants who are submitting bids on behalf of another individual or an organization, respectively, may be downloaded from
the PDIC e-bidding portal.

For more information on the e-bidding, interested buyers may call the PDIC Public Assistance Department at (02) 8841-4141. Those outside Metro Manila may call the PDIC toll-free hotline at 1-800-1-888- PDIC or 1-800-1-888-7342.

Inquiries may also be sent via e-mail to pad@pdic.gov.ph, or by private message to PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC). (PDIC/PIA-NCR)