PDIC puts P319-M bank assets up for auction
In an invitation to bid, PDIC said it is set to auction eight condominium units and eight parking slots with a minimum bid price of P69.53 million at the Calereice Mapfre Asian Corp. Center located within the Madrigal Business Park in Ayala Alabang, Muntinlupa City. File
MANILA, Philippines - State-run Philippine Deposit Insurance Corp. (PDIC) is set to bid out P319 million worth of foreclosed assets of shuttered banks including condominium units in Ayala Alabang as well as several lots in Manila and nearby provinces.
In an invitation to bid, PDIC said it is set to auction eight condominium units and eight parking slots with a minimum bid price of P69.53 million at the Calereice Mapfre Asian Corp. Center located within the Madrigal Business Park in Ayala Alabang, Muntinlupa City.
The units are owned by Export and Industry Bank that was ordered closed by the Bangko Sentral ng Pilipinas (BSP) in 2012.
The state-owned deposit insurer is also selling several residential lots valued at P248.98 million at the Eagle Ridge Golf and Residential Estates in Gen. Trias in Cavite, Batangas, Laguna, Quezon, Rizal, and Metro Manila.
The bidding scheduled on Aug. 31 would be on an “as-is, where-is” basis and prospective buyers are advised to physically inspect the properties they are interested to buy, examine and verify the titles and other evidence of ownership, and determine any unpaid taxes, fees, charges and/or expenses before submitting their bids.
Each bid should be accompanied by a bond/deposit equivalent to at least 10 percent of the submitted bid, in cash or manager’s check, or a combination thereof.
The winning bidder should pay the balance of the bid no later than Sept. 11 and the PDIC Real and Other Properties Acquired (ROPA) Disposal Committee shall automatically cancel the award once the issued checks are not cleared.
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