PDIC to Auction 76 Properties Via E-Bidding This May

The Philippine Deposit Insurance Corporation (PDIC) will sell 76 corporate and closed bank properties through electronic public bidding from May 28 to 29, 2025.

Electronic bids will be accepted through the PDIC e-bidding portal, https://assetsforsale.pdic.gov.ph, starting at 9:00 a.m. on May 28 until 1:00 p.m. on May 29, with the bid opening set at 2:00 p.m. on the same day.

The properties will be sold on an as-is-where-is basis and include 25 vacant agricultural lots, 24 vacant residential lots, 13 residential lots with improvements, six mixed residential/agricultural lots with improvements, four agricultural lots with improvements, two mixed vacant residential/agricultural lots, and two commercial lots with improvements.

The assets, ranging from 90 to 50,000 square meters, are located across 21 provinces, including Aklan, Albay, Bataan, Batangas, Bohol, Camarines Norte, Camarines Sur, Cavite, Cebu, Iloilo, Isabela, La Union, Laguna, Palawan, Misamis Oriental, Nueva Ecija, Quezon, Rizal, Tarlac, and Zamboanga del Sur.

Prospective buyers can participate in the e-bidding through a one-time registration on the portal and may observe the bidding proceedings by accessing the “Assets for Sale” icon on the PDIC homepage.

Interested parties are urged to review the catalog of properties available on the portal, which provides detailed descriptions, requirements, bidding processes, and Conditions of the Bid.

The PDIC strongly encourages prospective bidders to conduct due diligence, including verifying the properties’ actual condition, status, ownership, and any legal encumbrances.

Winning bidders of agricultural properties must submit a Certification from the Provincial Agrarian Reform Officer (PARO) within 15 days after the e-bidding, affirming that the property is not covered by the Comprehensive Agrarian Reform Program (CARP) and no Emancipation Patent or Certificate of Land Ownership Award has been issued.

Additionally, winning agricultural property bidders must submit an Affidavit of Aggregate Landholdings, ensuring that their total landholdings, including newly acquired properties, do not exceed the five-hectare legal limit.

Templates for the required Certification and Affidavit are available for download from the e-bidding portal’s Download Center.

Participants bidding on behalf of individuals or organizations must also download and complete the Pro-forma Special Power of Attorney or Secretary’s Certificate, respectively, from the portal.

As the statutory receiver of closed banks, the PDIC liquidates assets to maximize recovery and fund the payment of creditors’ claims, including those of depositors with uninsured deposits.

Proceeds from the sale of closed bank properties are managed separately to pay off these claims, while revenues from corporate asset sales are added to the Deposit Insurance Fund, the financial reserve for valid deposit insurance claims.

For further information, interested buyers in Metro Manila may contact the PDIC Public Assistance Department at (02) 8841-4141 during office hours, while those outside the capital may call the 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 through private message on PDIC’s official Facebook pages @PDICAssetsforSale or @OfficialPDIC.