PDIC to bid out 130 properties

Posted at 07/25/12 12:22 PM

MANILA, Philippines - The Philippine Deposit Insurance Corporation (PDIC) will sell 130 properties, worth a combined P243.88 million, in a public bidding on August 1 in Davao City.

The properties will be sold on "as-is, where-is" basis. The 42 condominium units and 29 parking spaces are located at Landco Corporate Center, Pryce Business Park, J.P. Laurel Avenue, Bajada, Davao City while the 59 residential lots are in Luzville  Subdivision, Panacan, Davao City.

PDIC will accept sealed bids from buyers on August 1 from 9:00 a.m. to 2:00 p.m.

The bidding will be held at the 3rd Floor, Seminar Hall, Main Building, BSP Davao Regional Office, Quirino Avenue, Davao City. For a list of properties, visit www.pdic.gov.ph.