Filinvest, Robinsons keen on BCDA's Taguig property
MANILA, Philippines - Robinsons Land, Filinvest Land and R-II Builders Inc are interested in bidding for the Bases Conversion and Development Authority's (BCDA) 5.2 hectare property in Taguig.
The property, located along C-5 road, is being bidded out by the BCDA this month.
In a statement, BCDA president Arnel Casanova said the two property developers and a construction company bought bidding documents for the Pamayanang Diego Silang commercial lots in Brgy. Usuan, Taguig.
Casanova said the property could be used for residential or mixed-use developments. "The location of the property has a captured market and ideal for a commercial complex that would cater to the needs of the residents living within the area," he said.
Casanova said the long-term lease period is 25 years and could be renewed for another 25 years.
BCDA chairperson of the Asset Disposition Program Committee Nena D. Radoc said the lease payments for the first three years shall be P93 million, inclusive of 12% VAT and payable in advance upon contract signing.