Philippine Deposit Insurance Corp. will conduct a public bidding on November 16, 2017 on 102 commercial and residential lots and two motor vehicles. The bidding will be held at the Bangko Sentral ng Pilipinas–Legazpi Branch, Barangay 18 Rizal, St. Cabagñan, Legazpi City. Sealed bids will be accepted by the PDIC Real and Other Properties Acquired Committee from direct buyers only between 9:00 a.m. and 2:00 p.m. at the venue.
The properties with an aggregate minimum disposal price of P36.96 million will be bid out on an “as-is, where-is” basis. Commercial and residential lots are located in Albay, Camarines Norte, Camarines Sur, Sorsogon, Marinduque, Occidental Mindoro, Oriental Mindoro, and Palawan.
Prospective buyers are advised to physically inspect the properties they are interested to buy, examine and verify the titles and other evidence of ownership, and determine any unpaid taxes, fees, charges and/or expenses before submitting their bids.