PDIC e-bidding to feature Mindoro Commercial lot, Luzon assets 

The Philippine Deposit Insurance Corporation (PDIC) is conducting an electronic public bidding for 70 Luzon-based properties from September 23 at 9:00 a.m. to September 24 at 1:00 p.m. The featured asset is a 240-square-meter prime commercial lot in Naujan, Oriental Mindoro, with a minimum bid of P3.1 million. Strategically located along the Western Nautical Highway, this property serves as a key transport corridor and offers excellent accessibility for commercial ventures.

Beyond the Naujan lot, the auction includes 69 additional properties, consisting of residential, agricultural, and mixed-use assets located across nine provinces, including Batangas, Laguna, and Palawan. Ranging from 75 square meters to 15 hectares, these assets are open to individual buyers, developers, and investors. Interested participants must register on the PDIC e-bidding portal to access the property catalogue, bidding guidelines, and necessary legal forms.

Properties are sold on an “as-is-where-is” basis, and participants are urged to conduct thorough due diligence before bidding. Successful bidders for agricultural land must submit specific documentation, including an Affidavit of Aggregate Landholdings and a PARO certification, to confirm compliance with agrarian reform laws. Proceeds from these sales are used by the PDIC to settle claims of creditors of closed banks and to bolster the Deposit Insurance Fund.