CALAMBA CITY, Laguna (PIA) — Agricultural properties from corporate and closed banks in the Calabarzon region, with assets ranging from P465,000 to P4.6 million, are set for public e-bidding by the Philippine Deposit Insurance Corporation (PDIC).
According to Romeo Ofrin, PDIC's corporate executive officer, there are 54 agricultural properties open for bidding nationwide this February 2024, 22 of which are located in the Calabarzon region.
Ofrin said that prices vary depending on the location of the property and the base price set by interested bidders.
In Calabarzon, there are three available properties in Batangas up for bidding, three in Cavite, 10 in Laguna, and six in Quezon.
Ofrin added that apart from the Calabarzon region, agricultural land properties are also available in Aklan, Antique, Bohol, Camarines Sur, Isabela, La Union, Marinduque, Misamis Oriental, Negros Occidental, Pangasinan, and South Cotabato, open for public e-bidding.
According to PDIC, bidders can easily join through the e-bidding portal created to streamline the acquisition of properties, modernizing and enhancing government processes for the benefit and convenience of the public.
“What's great about this is, since it's an e-bidding procedure, those interested in acquiring properties don’t need to physically go to Makati. People from Laguna, Cavite, Batangas, Quezon, and even OFWs can participate and purchase properties through PDIC e-biddings,” said Jeanette Delgado, Corporate Executive Officer of the Asset Management and Disposal Department during the Philippine Information Agency's Sulong Calabarzon program.
Delgado said bidders must submit a certification from the Provincial Agrarian Reform Officer (PARO) of the Department of Agrarian Reform (DAR) where the property they desire to acquire is located to ensure that the agricultural lot is not covered by the Comprehensive Agrarian Reform Program (CARP), and that no Emancipation Patent or Certificate of Land Ownership Awards has been issued for the said property.
