PDIC e-bids VisMin residential, agricultural lots

The Philippine Deposit Insurance Corp. will offer real properties in the Visayas and Mindanao through electronic public bidding on June 17–18, 2026.

Submission of bids will begin at 9 a.m. June 17 and close at 1 p.m. June 18.

Bids will be opened at 2 p.m. June 18.

The closed bank and PDIC-owned assets will be sold exclusively through the agency’s e-bidding portal at assetsforsale.pdic.gov.ph.

The PDIC said the digital portal allows buyers to participate remotely through a secure, transparent, and simplified bidding process.

A total of 44 real properties will be offered, including nine in Koronadal City, the provincial capital of South Cotabato.

Koronadal is the regional administrative center of Soccsksargen, or Region 12, and is considered an emerging hub for education, commerce, and culture.

The PDIC said Koronadal’s affordable cost of living, minimal traffic, and safe environment make it one of Mindanao’s most livable cities and an ideal place to build a home or business.

The properties include 24 residential lots, 19 agricultural lots, and one mixed residential and agricultural lot.

The properties have areas ranging from 80 square meters to 19.5 hectares.

The Visayas properties are in Antique, Cebu, Guimaras, and Iloilo.

The Mindanao properties are in Agusan del Norte, Maguindanao, Sultan Kudarat, North Cotabato, and South Cotabato.

Interested buyers may view the complete property catalog, detailed descriptions, bidding procedures, and requirements through the official PDIC e-bidding portal.

Participation requires one-time registration at assetsforsale.pdic.gov.ph/Account/Register, which gives buyers access to this and future PDIC asset auctions.

All properties will be offered on an “as-is, where-is” basis.

The PDIC encouraged prospective buyers to conduct due diligence, including verification of property condition, ownership, and other relevant considerations.

Participants were also advised to carefully review all conditions of bid before submitting offers.

Winning bidders for agricultural properties must submit a certification from the provincial agrarian reform officer of the Department of Agrarian Reform in the province where the property is located and an affidavit of aggregate landholdings within 15 days after the e-bidding.

The certification should confirm that the agricultural lot is not covered by the Comprehensive Agrarian Reform Program and that no emancipation patent or certificate of land ownership award has been issued for the property.

The affidavit should state that the winning buyer’s collective landholdings, including the property or properties to be acquired during the bidding, do not exceed the five-hectare limit set by law.

The prescribed formats for the certification and affidavit may be downloaded for free from the Download Center of the e-bidding portal.

Participants bidding on behalf of another individual or an organization may also download the pro forma special power of attorney and secretary’s certificate, respectively, from the e-bidding portal.

As 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 the PDIC manages for closed banks to settle creditors’ claims.

Revenues from the sale of corporate assets are added to the Deposit Insurance Fund, the funding source for valid deposit insurance claims.

The PDIC, established on June 22, 1963, under Republic Act 3591, protects depositors and helps maintain stability in the financial system.

The PDIC is an attached agency of the Bangko Sentral ng Pilipinas and a member of the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.

For more information, buyers in 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 1-800-1-888-7342 during office hours.

Inquiries may also be sent by email to pad@pdic.gov.ph or through private message on PDIC’s Assets for Sale Facebook page, @PDICAssetsforSale, or its official Facebook page, @OfficialPDIC.