INVITATION FOR A PUBLIC SEALED BIDDING (March 20, 2024)
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 | (No. 165), VMC Building, along Legazpi St. & Sotto St., Legazpi Village, Brgy. San Lorenzo, Makati City | Commercial | 224815 | LAND: 821 IMPROVEMENT: 3,701 |
₱1,500,000,000.00 |
| 2 | Aurora Boulevard corner General Araneta Street, Barangay Socorro, Cubao, Quezon City, Metro Manila | Commercial | RT-111548 (134471), 004-2011009375 | LAND: 2,696 IMPROVEMENT: 3,657 |
₱800,000,000.00 |
| 3 | General San Miguel Street, Barangay 4 (Sangandaan), Caloocan City | Commercial | 7823 & T-22987 | LAND: 1,790 IMPROVEMENT: 1,285 |
₱600,000,000.00 |
| 4 | Lot 2891-A & Lot 240-A (2890), PNB Building,General Luna Street & J. Hernandez Avenue, Barangay Abella,Naga City, Province of Camarines Sur | Commercial | OCT Nos. 497 & 105 | LAND: 2,421 IMPROVEMENT: 5,165.14 |
₱500,000,000.00 |
| 5 | San Pedro Street corner CM Recto Avenue, Barangay 38-D, Poblacion District, Davao City, Province of Davao del Sur | Commercial | T-2456 | LAND: 1,792 IMPROVEMENT: 3,287 |
₱500,000,000.00 |
| 6 | Lot 4-B (No. 1396), Quezon Avenue, Barangay South Triangle, Quezon City, Metro Manila | Commercial | 49758 | LAND: 600 IMPROVEMENT: 816 |
₱300,000,000.00 |
| 7 | Lot 16-C-3-C, along F. Pimentel Avenue, Barrio Mambiga (now Barangay Pamorangon), Municipality of Daet, Province of Camarines Norte | Comm’l/Res’l. | 079-2018000220 | LAND: 46,826 | ₱220,000,000.00 |
| 8 | Sto. Rosario Street, Brgy. Sto. Rosario, Angeles City, Province of Pampanga | Commercial | 36977 | LAND: 2,328 | IMPROVEMENT: 1,926 | ₱200,000,000.00 |
| 9 | No. 92 West Avenue, Barangay Phil-Am, District 1 (Diliman), Quezon City, Metro Manila | Commercial | 18416 | LAND: 706 IMPROVEMENT: 828 |
₱170,000,000.00 |
| 10 | No. 471 Shaw Boulevard, Barangay Highway Hills, Mandaluyong City, Metro Manila | Commercial | 43865 | LAND: 663 IMPROVEMENT: 738 |
₱160,000,000.00 |
| 11 | Psu-169601 Rizal Avenue corner Quezon Avenue corner Governor Luna Street, Barangay IV, San Fernando City, Province of La Union | Commercial | T-3783 | LAND: 1,937 IMPROVEMENT: 1,278 |
₱130,000,000.00 |
| 12 | Gen. Luna Street (before Calle Francisco) corner C.P Garcia Street (before Calle Guadalupe / Revolution Street), Barangay Central, Dipolog City | Commercial | T-11810 | LAND: 2,000 IMPROVEMENT: 853 |
₱125,000,000.00 |
| 13 | Along P. Guevarra Ave., Brgy. Uno, Municipality of Sta. Cruz, Province of Laguna | Commercial | 45546 & 45760 | LAND: 4,344 IMPROVEMENT: 232 |
₱120,000,000.00 |
| 14 | No. 66 (Lots 1 & 2), Evangelista Avenue, Barangay Santolan, Pasig City, Metro Manila | Residential | 011-2023000512 | LAND: 540 IMPROVEMENT: 292 |
₱35,000,000.00 |
| 15 | Along Rizal Ave., Brgy. Manggahan, Puerto Princesa City, Palawan | Commercial | 36039 | LAND: 418 IMPROVEMENT: 900.41 |
₱25,000,000.00 |
| 16 | No. 606, Lot 20-B, Block 24-D, Bautista Street, San Roque, Pasay | Residential | 003-2012000523 | LAND: 330.22 IMPROVEMENT: 84 |
₱15,000,000.00 |
| 17 | Lot 11-A and 11-B, J.P. Rizal Street corner Unnamed Road, Barangay VI (Poblacion), City of Calamba, Province of Laguna | Residential | T-369841, T-36942 | LAND: 638 | ₱15,000,000.00 |
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 |
February 26 to March 20, 2024 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 | March 20, 2024, 9:00 AM | |
| Opening of bids | March 20, 2024, 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 February 26, 2024 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.