The Philippine Deposit Insurance Corporation (PDIC) will offer two prime commercial lots and other Luzon properties through an electronic public bidding on its Assets for Sale microsite at https://assetsforsale.pdic.gov.ph from July 8 to 9, 2026, with bid submissions open from 9:00 a.m. on July 8 until 1:00 p.m. on July 9 and the opening of bids at 2:00 p.m. that day.
The prime commercial properties are situated along major thoroughfares in Naujan, Oriental Mindoro and San Jose del Monte City, Bulacan. Both properties were previously used as bank premises, and are positioned in strategic growth areas. These assets present an exceptional opportunity for portfolio expansion, business development, and other commercial ventures. With minimum disposal prices of P3.0 million and P6.9 million, respectively, these assets give potential buyers strong long-term value appreciation.
The e-bidding will also offer other Luzon properties, comprising 35 residential lots, 18 agricultural lots, and five mixed residential/agricultural properties with areas ranging from 42 square meters to 4.5 hectares. These properties are located in Metro Manila, Albay, Batangas, Bulacan, Camarines Sur, Isabela, Laguna, La Union, Oriental Mindoro, Pangasinan, Quezon, Rizal, and Zambales.
These assets will be offered for sale exclusively through the PDIC’s e-bidding portal at https://assetsforsale.pdic.gov.ph, where interested buyers may conveniently view the complete property catalogue, detailed descriptions, bidding procedures, and requirements, and submit bids from any location. The secure, digital platform ensures a transparent and simplified process, connecting buyers directly to valuable property opportunities. Participation requires a one-time registration at https://assetsforsale.pdic.gov.ph/Account/Register, which also provides access to future PDIC asset auctions.
All properties are offered on an “as-is, where-is” basis. The PDIC strongly encourages all prospective buyers to conduct thorough due diligence, including verification of property condition, ownership, and other relevant considerations. Participants are likewise advised to carefully review all Conditions of Bid prior to submission of bids.
Winning bidders for agricultural properties 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://assetsforsale.pdic.gov.ph.
Participants bidding on behalf of another individual or an organization may also download free of charge, the pro-forma Special Power of Attorney and Secretary’s Certificate, respectively, from the e-bidding portal.
As the statutory receiver, the PDIC liquidates the remaining assets of closed banks to maximize recoveries and help settle 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, while 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 [email protected] or private message on PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC).