THE Philippine Deposit Insurance Corp. (PDIC) will sell real estate properties as well as transportation and power equipment through an electronic public bidding (e-bidding) toward the end of the month.
According to the PDIC, about 67 real properties, two vehicles, and a generator set would be bid out on October 29 and October 30 through the insurer’s e-bidding portal.
Proceeds from the sale of closed bank-owned properties go directly to a fund the PDIC manages for these closed banks to settle creditors’ claims, according to the government financial institution.
The properties include 34 vacant agricultural lots; 15 vacant residential lots; eight residential lots with improvements; three agricultural lots with improvements; and two commercial lots with improvements.
The two mixed residential/agricultural lots with improvements; one mixed commercial/residential lot with improvements; one mixed vacant residential/agricultural lot; and one agricultural lot. The largest property for sale is 8.2 hectares.
The real properties are located in Aklan, Apayao, Batangas, Bohol, Camarines Sur, Capiz, Cavite, Cebu, Ilocos Norte, Isabela, La Union, Laguna, Leyte, Mindoro Occidental, and Misamis Oriental.
The other properties are also located in Negros Oriental, Pangasinan, Sultan Kudarat, Tarlac, and Zamboanga del Norte. The vehicles and generator are in Barcenaga, Naujan, Oriental Mindoro.