The Philippine Deposit Insurance Corporation (PDIC) is set to offer for sale 76 properties based in Luzon through electronic public bidding (e-bidding) via the PDIC Assets for Sale site, https://assetsforsale.pdic.gov.ph, with bids accepted starting at 9:00 am on October 21 until 1:00 pm on October 22, and the opening of bids at 2:00 pm on October 22.
Headlining the portfolio are 14 residential properties in various key cities and municipalities of Laguna, a province known for its suburban character with modern township convenience yet still retaining its rural charm. Strategically located at the south of Metro Manila, major transportation arteries such as the South Luzon Expressway (SLEX) and Cavite-Laguna Expressway (CALAX) provide Laguna with connectivity to premier
manufacturing and commercial hubs. Laguna is also fast becoming the preferred choice for would-be residents who want to settle in a high-growth area.
The e-bidding will also offer 12 vacant agricultural and 5 vacant residential properties in Palawan, a top island destination in the Asia-Pacific region known for its pristine beaches, crystal-clear waters, and dramatic limestone cliffs. With minimum bid prices starting only at P64,270.00, these properties present high-upside opportunities for expanding regional infrastructure and rising demand for agribusiness and eco-tourism ventures in the
province.
Completing the Luzon portfolio for the e-bidding are 19 vacant residential properties, 13 properties classified as residential with improvements, 6 vacant agricultural properties, 5 properties classified as mixed residential/agricultural, and 2 properties classified as agricultural with improvements. These properties are situated in Metro Manila, Albay, Batangas, Cavite, Laguna, Palawan, Quezon, Rizal, and Romblon.
The public bidding is open to all qualified buyers who register through the PDIC’s e-bidding portal. Prospective buyers are encouraged to complete the one-time registration at https://assetsforsale.pdic.gov.ph/Account/Register to participate in the said public e-bidding and future asset disposal activities. Interested buyers can also access the complete property catalogue, detailed property information, bidding guidelines, and documentary requirements through the same portal. Participants bidding on behalf of another individual or an organization may likewise download the prescribed Special Power of Attorney and Secretary’s Certificate forms from the e-bidding portal.
Properties are sold on an as-is-where-is basis and as such, bidders are encouraged to perform comprehensive due diligence covering property condition, status, and ownership prior to submitting bids. Participants are also reminded to review the Conditions of Bid posted on the portal to ensure full compliance with established procedures.
Successful bidders for agricultural properties are required to submit two key documents within 15 days of the e-bidding event: an Affidavit of Aggregate Landholdings and a certification from the local Department of Agrarian Reform’s Provincial Agrarian Reform Officer (PARO). The PARO certification must verify that the property is not subject to the Comprehensive Agrarian Reform Program (CARP) and that no Emancipation Patent or Certificate of Land Ownership Award has been issued. Additionally, the Affidavit must
confirm that the bidder’s total landholdings, including the acquired property, remain within
the five-hectare legal limit. Standardized templates for both documents are available for
download via the Download Center at https://assetsforsale.pdic.gov.ph.
As the statutory receiver, the PDIC liquidates the remaining assets of closed banks to maximize recoveries and help settle claims of closed bank creditors, including depositors with uninsured deposits. Proceeds from the sale of closed bank-owned properties go directly to a fund that the Corporation manages for these closed banks to settle creditors’ claims, while revenues from the sale of corporate assets are added to the Deposit
Insurance Fund, the funding source for valid deposit insurance claims.
For more information on the e-bidding, interested buyers within Metro Manila may contact the PDIC Public Assistance Department at (02) 8841-4141 during office hours. Those outside Metro Manila may call the PDIC toll-free hotline at 1-800-1-888-PDIC or 1800-1-888-7342, also during office hours. Inquiries may also be sent via e-mail at pad@pdic.gov.ph or private message on PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC).
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