PDIC to sell Luzon, Visayas properties via e-bidding

The Philippine Deposit Insurance Corporation (PDIC) will hold an electronic public bidding of real properties located in Luzon and the Visayas from November 12 to 13, 2025.

The e-bidding event will run from 9:00 AM on November 12 until 1:00 PM on November 13 exclusively through the PDIC’s online portal at https://assetsforsale.pdic.gov.ph.

Bids submitted during this period will be opened electronically at 2:00 PM on November 13.

The properties are offered on an “as-is, where-is” basis and include 24 agricultural lots, 29 residential properties, four mixed residential/agricultural lots, and one mixed commercial/residential property.

These assets are strategically situated in Metro Manila and in provinces such as Laguna, Batangas, Rizal, Bulacan, Tarlac, Zambales, Pangasinan, La Union, Nueva Ecija, Isabela, Camarines Norte, Bohol, and Leyte.

Lot sizes range from 40 square meters to 20,000 square meters, catering to potential investors, developers, and homebuyers.

Interested parties may register once through the PDIC portal or by clicking the “Assets for Sale” icon on the homepage at www.pdic.gov.ph.

Registered users can then review property details and submit bids directly via the online platform.

The complete property catalog, including legal requirements, conditions of bid, and procedural guidelines, is posted on the e-bidding portal for public review.

The PDIC encourages prospective buyers to conduct due diligence by verifying the condition, ownership, and legal status of their target properties.

Winning bidders of agricultural properties must submit a Certification from the Provincial Agrarian Reform Officer (PARO) stating that the lot is not covered by the Comprehensive Agrarian Reform Program (CARP).

They must also submit an Affidavit of Aggregate Landholdings confirming that their total landholdings, including the property won at auction, do not exceed the legal five-hectare limit.

The required affidavit and certification templates are available for free from the portal’s Download Center.

Those bidding on behalf of another person or legal entity may also download pro forma documents such as the Special Power of Attorney and Secretary’s Certificate.

As receiver of closed banks, PDIC sells their remaining assets to recover funds used to pay creditors and depositors with uninsured deposits.

Proceeds from closed bank-owned property sales are deposited into a fund managed by PDIC to settle claims, while corporate asset revenues support the Deposit Insurance Fund.

The Deposit Insurance Fund finances valid deposit insurance claims and contributes to the stability of the banking system.

For inquiries, Metro Manila-based buyers may contact the PDIC Public Assistance Department at (02) 8841-4141 during business hours.

Those outside Metro Manila can call PDIC’s toll-free hotline at 1-800-1-888-PDIC (1-800-1-888-7342), also during business hours.

Inquiries may also be sent via email at pad@pdic.gov.ph or through PDIC’s official Facebook pages @PDICAssetsforSale and @OfficialPDIC.

Established on June 22, 1963, under Republic Act 3591, PDIC protects depositors and helps uphold financial stability in the Philippines.

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