INVITATION FOR A PUBLIC SEALED BIDDING (JANUARY 17, 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 | Jefferson & Jackson Ave., Asiaworld City, Don Galo, Paranaque City | Commercial | 010-2018002004 010-2018002005 |
Land: 20,854 | ₱7,298,900,000.00 |
| 2 | Alabang-Zapote Road, Brgy. Pamplona & Talon Dos, Las Pinas City | Commercial | 005-2019002088 005-2019002089 |
Land: 35,435 Buildings: 29,649 |
₱2,532,600,000.00 |
| 3 | Lincoln & Jefferson Sts., Marina Baytown West, Asiaworld City, Brgy. Tambo, Paranaque City | Residential | 171665 up to 69 | Land: 2,876 | ₱1,179,200,000.00 |
| 4 | Surigao-Davao Coastal Road (National Highway), Brgy. Poblacion & San Juan, Maco, Davao de Oro | Commercial/ Industrial | 142-2017017244 142-2017017245 142-2017015767 |
Land: 399,015 | ₱541,500,000.00 |
| 5 | San Fabian-Bonuan-Dagupan Diversion Road, Barangay Bonuan Boquig, Dagupan City, Pangasinan | Commercial | 56580 | Land: 45,597 | ₱145,900,000.00 |
| 6 | Quezon Ave. (Prov’l Road) Brgy. Bagumbayan, Sta. Cruz, Laguna | Commercial | 058-2017006532 058-2017006531 |
Land: 21,707 | ₱98,100,000.00 |
| 7 | Brgy. Tabugon, Kabankalan,, Negros Occidental | Ind’l./Res’l./Agri’l. (Former Sugar Mill) | T-3532 to 3536 | Land-564,429 Buildings-various |
₱70,500,000.00 |
| 8 | West Riverside St., Brgy. Damayan, San Francisco del Monte District, Quezon City | Commercial | 004-2019002487 | Land: 1854 | ₱65,500,000.00 |
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 Management Group 9th Floor, PNB Financial Center Macapagal Blvd., Pasay City E: aamg_sbasdiv@pnb.com.ph |
December 19, 2022 to January 17, 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 | January 17, 2023, 9:00 AM | |
| Opening of bids | January 17, 2023, 2022, 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. Brokers, agents or referrers are welcome to accompany and/or represent their clients during the bidding.
Interested bidders may secure a copy of the Terms of Reference (TOR) for the bidding of the subject properties starting on December 19, 2022 by requesting for a copy through aamg_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 aamg_sbasdiv@pnb.com.ph.
PNB does not assume any obligation whatsoever to compensate or indemnify any bidder for any expense that may be incurred in the bidding process.