Prospective investors and asset buyers are set to gain access to an inventory of prime corporate and closed bank properties as the Philippine Deposit Insurance Corporation (PDIC) sets these for electronic public bidding (e-bidding) from April 22 to 23, 2026 on an “as-is, where-is” basis.
Interested buyers may submit bids through the PDIC e-bidding portal at https://ift.tt/Tyjw0rU, beginning at 9:00 a.m. on April 22, 2026, until 1:00 p.m. on April 23, 2026. All bids will be formally opened at 2:00 p.m. on April 23, 2026.
This asset disposal initiative presents a rare opportunity to own strategic commercial, industrial, residential, and agricultural assets through a transparent and fully digital bidding platform. Over the two-day bidding window, prospective buyers can compete for properties positioned in established and growth-driven locations. Among the headline offerings are a vacant commercial lot with strong development potential located in Kidapawan City, North Cotabato, a commercial lot with improvements situated within the dynamic business and lifestyle district of Kalibo, Aklan, and an industrial lot with improvements in the highly urbanized General Santos City, South Cotabato.
Adding to this mix of prime assets, the PDIC is also offering a substantial portfolio that includes 25 agricultural lots, 19 residential lots, and three (3) mixed residential/agricultural lots. With land sizes ranging from 100 square meters to 10.5 hectares, the asset inventory provides flexibility for a wide range of investment strategies, from immediate operational use and redevelopment to long-term land banking and portfolio expansion. These properties are located in Aklan, Antique, Bohol, Capiz, Guimaras, Iloilo, Cebu, Negros Oriental, Southern Leyte, North Cotabato, South Cotabato, Agusan del Norte, Agusan del Sur, Surigao City, and Surigao del Sur. The complete list of properties with detailed descriptions and bidding requirements, procedures, and conditions are available on the PDIC e-bidding portal.
Prospective buyers are required to complete a one-time registration at https://ift.tt/YZqu0QE to participate in this and all future PDIC e-bidding events. The PDIC strongly encourages bidders to conduct due diligence on the properties of interest to verify their actual condition, status, ownership, and other circumstances, prior to the submission of bids. Interested parties are likewise reminded to carefully read the Conditions of Bid posted on the PDIC e-bidding portal.
For agricultural properties, winning bidders must submit a certification from the Provincial Agrarian Reform Officer (PARO) of the Department of Agrarian Reform in the province where the property is located and an Affidavit of Aggregate Landholdings within fifteen (15) days after the e-bidding. The PARO certification should confirm that the agricultural lot is not covered by the Comprehensive Agrarian Reform Program (CARP) 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/ies 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 at https://ift.tt/Tyjw0rU.
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, for free from the e-bidding portal.
As the statutory receiver, the PDIC liquidates the remaining assets of closed banks to maximize recovery and help pay claims of closed bank creditors, including depositors with uninsured deposits. Proceeds from the sale of closed bank-owned properties go directly to a fund that the Corporation manages for these closed banks to settle creditors’ claims. Meanwhile, revenues from the sale of corporate assets are added to the Deposit Insurance Fund, the funding source for valid deposit insurance claims.
For more information on the e-bidding, interested buyers within 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, also during office hours. Inquiries may also be sent via e-mail at pad@pdic.gov.ph or private message on PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC).
PDIC Opens E-bidding for Prime, Strategically Located Assets on April 22–23
Source: Balita Viral Trending
Post a Comment