FORTY-NINE subdivision lots in the Tivoli Royale Subdivision in Barangay Batasan Hills, Quezon City will be offered through an electronic public bidding (e-bidding) on May 28, the Philippine Deposit Insurance Corporation (PDIC) said.
The PDIC will accept online bids from direct buyers who register at the e-bidding portal https://assetsforsale.pdic.gov.ph.
Online bids may be placed from 9 a.m. on May 27 to 1 p.m. on May 28. The e-bidding portal may also be accessed on the PDIC website by clicking on the “assets for sale” icon.
Up for auction are 10 vacant lots, sizes ranging from 300 to 1,000 square meters (sq.m.), with a minimum disposal price starting at P21.0 million.
Ten lots with improvements range from 259 to 424 sq.m. are also being auctioned off, with minimum disposal price starting at P18.0 million.
The PDIC said the aggregate minimum disposal price for the properties is at P1.3 billion.
“Five of these properties have issues on shape and size of the lots which have been affected by re-blocking or encroachment, with portions of some lots becoming part of common areas or road lot,” the PDIC said, emphasizing that the bidders should conduct due diligence on the properties.
Article and Photo originally posted by Business World last May 18, 2021, 12:04am.
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