INVITATION FOR A PUBLIC SEALED BIDDING (June 14, 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 | LOT 2, SAN ISIDRO, LUMBIA, CAGAYAN DE ORO CITY, MISAMIS ORIENTAL | Commercial | T-152435 | LAND: 106,018 | BUILDING: 1,030 | ₱212,100,000.00 |
| 2 | M.H. Del Pilar St., San Nicolas, Tarlac City, Tarlac | Commercial | Various | LAND: 6,018 | BUILDING: 2041 | ₱110,000,000.00 |
| 3 | BAGUNBAYAN, STA. CRUZ, LAGUNA | Residential/Commercial | 058-2017006532; 058-2017006531 | LAND: 21,707 | ₱98,100,000.00 |
| 4 | LOTS 484-A-3-I-1 & 484-A-3-I-2, #14 NIGHTINGALE ST, BANILAD, STO NINO VILLAGE, MANDAUE CITY, CEBU PROVINCE | Residential | 111-2018007482 & 111-2018007483 | LAND: 1,099 | BUILDING: 1,100 | ₱40,400,000.00 |
| 5 | VATICAN CITY DRIVE, LOT 9-A & B, BLK 36, BF RESORT VILLAGE, BRGY. TALON DOS, LAS PINAS CPO, LAS PINAS | Residential | 005-2019001463 & 005-2019001464 | LAND: 453| BUILDING: 600 | ₱30,000,000.00 |
| 6 | LOT B, BO. PANUNGYANAN, GEN TRIAS, CAVITE | Agricultural | 057-2019019785 | LAND: 8,304 | ₱37,200,000.00 |
| 7 | LOT 9161, LAGASCA ST., BRGY. STA. BALBINA V, LAOAG CITY, ILOCOS NORTE | Commercial | T-15276 | LAND: 530 | WITH OLD STRUCTURE | ₱27,600,000.00 |
| 8 | LOT 7, BLK 18, ROAD LOT 19, BRGY. CANLUBANG, ELARO NUVALI, CALAMBA, LAGUNA | Residential | 060-2019025017 | LAND: 756 | ₱24,200,000.00 |
| 9 | LOT 9-B, DON TORIBIO STREET, DON ANTONIO HEIGHTS-NORTH SUBD, HOLY SPIRIT, QUEZON CITY | Residential | 004-2019014722 | LAND: 206.5 | BUILDING: 230.34 | ₱16,500,000.00 |
| 10 | Lot 3-B, ROAD LOT 10, BRGY. PUYPUY, UPLB CENTENNIAL VILLAGE, BAY, LAGUNA | Agricultural | 060-2015005945 | LAND: 4738.5 | ₱14,000,000.00 |
| 11 | LOT 50, BLK 13, FILIPINAS G. JONGKO, BULUA, APOVEL, CAGAYAN DE ORO CITY, MISAMIS ORIENTAL | Residential | 137-2022004223 | LAND: 537 | BUILDING: 655 | ₱12,200,000.00 |
| 12 | LOT 3332-O & 3332-P, SOLAR ALLEY PHASE 2B, BRGY MARASBARAS, V&G SUBD, TACLOBAN CITY, LEYTE PROVINCE | Residential | 122-2010000893 to 894 | LAND: 624 | BUILDING: 422 | ₱10,700,000.00 |
| 13 | LOT 24, BLK 42, BRGY. NATIPUAN, P3 TERRAZAS DE PUNTA FUEGO, NASUGBU, BATANGAS | Residential | 055-2020001216 | LAND: 351 | ₱7,000,000.00 |
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: aamg_sbasdiv@pnb.com.ph |
May 22 to June 14, 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 | June 14, 2023, 9:00 AM | |
| Opening of bids | June 14, 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 May 22, 2023 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.