INVITATION FOR A PUBLIC SEALED BIDDING (December 15, 2023)
The Philippine National Bank (“PNB”) is inviting interested parties to bid for the sale of the following properties on a cash or installment basis, and in an “As-Is, Where-Is” arrangement:
| Item | Location | Classification | Title No. | Gross Areas (sq.m.) | Floor Price (Gross) |
| 1 | 410 Quintin Paredes St., Barangay 290, Zone 27, Binondo District, Manila City | Commercial | 002-2018000894 | LAND: 1,026.90 | IMPROVEMENT: 7,011 | ₱800,000,000.00 |
| 2 | Lot 2, Block 1, Limketkai Drive and Road Lot 8, Limketkai Center, Barangay 31, Cagayan De Oro City, Prov. of Misamis Oriental | Commercial | 137-2018000271 | LAND: 1,134 | IMPROVEMENT: 707 | ₱100,000,000.00 |
| 3 | Unit No. C-0001 & L2-0001, Ground Floor & 2nd Floor, Isetann Cinerama Complex, Recto Avenue corner Quezon Boulevard and Evangelista Street, Barangay 308 Zone 30 / Quiapo, City of Manila | Commercial condominium units | CCT Nos. 18784-ind & 18785-ind. | UNIT: 360.13 | ₱50,000,000.00 |
| 4 | Lot 1, Blk. 7, Fordham corner Duke Streets, Ferndale Villas, Brgy.. Pasong Tamo, Quezon City | Residential | 004-2019008414 | LAND: 134 | IMPROVEMENT: 149 | ₱20,000,000.00 |
| 5 | Lots 11758 & 11759, National Highway, Barangay Malabago, Municipality of Mangaldan, Province of Pangasinan | Commercial | 026-2019001220 to 21 | LAND: 3351 | ₱20,000,000.00 |
IMPORTANT: If you are bidding for two (2) or more items, please submit bid proposals and requirements in separate envelopes representing each bid.
| Schedule of Activities | Date | The sealed bids, together with the 10% deposit in the form of Manager/Cashier’s check must be submitted to the indicated address within the period of submission of bids. |
| Period of submission of bids Bid Administrator Acquired Assets Disposal Group 9th Floor, PNB Financial Center Macapagal Blvd., Pasay City E: aadg_sbasdiv@pnb.com.ph |
November 27 to December 15, 2023 Monday to Friday 9am to 3pm* (except holidays) * Except on deadline date when bids will only be accepted up to 9:00 AM |
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| Deadline of submission of bids | December 15, 2023, 9:00 AM | |
| Opening of bids | December 15, 2023, 9:01 AM |
Prospective bidders are enjoined to inspect the above-listed properties, including an examination on the legal status of the title prior to submitting their bids, as the sale is on an “As-Is, Where Is” basis. The winning bidder will take possession of the property only upon award subject to PNB’s approval, and the execution of the Contract to Sell / Deed of Absolute Sale, and payment of relevant charges.
This public sealed bidding is open to individuals, sole proprietorships, partnerships or corporations authorized by law to acquire properties in the Philippines. This, however, is only open to direct buyers; no brokers, agents or referrers will be entertained.
Interested bidders may secure a copy of the Terms of Reference (TOR) for the bidding of the subject properties starting on November 27, 2023 by requesting for a copy through aadg_sbasdiv@pnb.com.ph, and providing the following details in the email body: (1) Company name (if applicable); (2) Contact person; (3) Position; (4) Department or Group. Email subject should read: “TOR request for PNB properties”
For more information (including scheduling of site visits), please contact the Bid Administrator at aadg_sbasdiv@pnb.com.ph or call 8573-4631; 8573-4539; 8573-4621; 8526-3131 local 4795 or 4893.
PNB does not assume any obligation whatsoever to compensate or indemnify any bidder for any expense that may be incurred in the bidding process.