State-run Philippine Deposit Insurance Corp. said it will sell 40 closed bank assets in Bukidnon province via electronic public bidding from May 14 to 15, 2025.
The properties, to be sold on an as-is-where-is basis, include 38 vacant residential lots, one residential lot with improvements, and one agricultural lot with improvements.
Ranging from 630 to 62,939 square meters, the properties are located in Valencia City and the municipality of Libona, Bukidnon.
Electronic bids will be accepted through the PDIC e-bidding portal starting at 9 a.m. on May 14, 2025, until 1 p.m. on May 15, 2025. Bids will be opened at 2 p.m. on May 15, 2025.
PDIC encouraged interested buyers to review the catalog of properties on the e-bidding portal for a complete list, descriptions, requirements, the e-bidding process and bidding conditions.
It also advised prospective bidders to conduct their due diligence on the properties and understand the outlined terms and conditions. Buyers are also reminded to determine the actual condition, status, ownership, and other circumstances of the properties they intend to acquire.