State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is scheduling the sale of five more real estate assets via an auction on September 30 this year.
The properties due for divestments are located in Laguna, La Union and Cagayan provinces in Luzon; Bohol in Visayas; and General Santos City in Mindanao.
A pre-bid conference on the sale of the specified properties was held on September 15, and that provided a venue for the interested parties to raise queries and their respective concerns relating to the privatization of the real estate assets.
The property being sold in Laguna is sited in Magdalena town and PSALM is eyeing to fetch a minimum tender of P27,039,000 from that divestment. The property covers 20 lots totaling 270,390 square meters.
“The area, which straddles four barangays, is a prime agricultural location. It is highly accessible because of the several access roads available,” the government-run firm said.
Additionally, PSALM’s real estate in La Union is in Supiden town is up for sale. It has three lots in a sprawling 2,041 square meters, situated near the main road of the municipality.
“The property is conducive for agro-industrial activities,” PSALM said. The property has a minimum bid price for the asset is set at P3,171,000.
Another real estate in Camalaniugan, Cagayan with a size of 2,148 square meters is being sold for a minimum price offer is P3,222,000. PSALM said the property “is situated in a residential zone making it ideal for residential development.”
For the 1,868-square meter property in General Santos, PSALM apprised prospective bidders that this lies close to the shoreline of Calumpang and proximate to an industrial zone. It has a prescribed minimum bid price for this asset is P10,974,500.
A PSALM property in Loboc, Bohol comprises of four lots spanning a total land area of 13,204 square meters.
“It is near the scenic Loboc River which is a bustling tourist site,” the asset-seller firm said. The property has a reserve price of P12,139,000.
PSALM has been accelerating the privatization of the various assets transferred to it by the National Power Corporation (NPC), so it can raise additional revenues to pay its remaining financial obligations.
The state-run firm’s targeted privatization tenders are combination of real estate assets, the remaining NPC power plants as well as its power supply agreements with independent power producers.
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Article originally posted by Manila Bulletin last September 19, 2020 5:00am and written by Myrna M. Velasco.
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