INVITATION FOR A PUBLIC SEALED BIDDING (May 15, 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 | Status | Title No. | Gross Areas (sq.m.) | Floor Price (Gross) |
| 1 | Lincoln corner Jefferson Avenues Marina Baytown West, Asia World City Barangay Don Galo, Parañaque City | Residential | Vacant lot/Clean title | 171665 up to 69 | LAND: 2,876 | ₱1,288,500,000.00 |
| 2 | Cor. Gen. Luna & Valeria Sts., Iloilo City | Commercial | With 3-storey commercial building/Clean Title | 37812 | LAND: 5,308 IMPROVEMENT: 2,788 |
₱476,500,000.00 |
| 3 | Lot 2, San Isidro, Lumbia, Cagayan de Oro City, Misamis Oriental | Commercial | With 2 storey school buldings/ Clean Title | T-152435 | LAND: 1,030 IMPROVEMENT: 6,018 |
₱212,100,000.00 |
| 4 | Unit GF-01, The Peak Tower, #107 L. P. Leviste St. & San Agustin St., Salcedo Village, Barangay Bel-Air, Makati City | Office unit | Vacated Unit/with 2 parking slots/Clean Title | 21099, 30417, 30418 | UNIT: 309 | ₱92,700,000.00 |
| 5 | Lot A-2, along Imelda Park Road, Barangay 7 (Poblacion), Catbalogan City, Samar | Commercial | With 2-storey office building/Clean Title | T-1117 | LAND: 2000 IMPROVEMENT: 486.24 |
₱62,000,000.00 |
| 6 | 202 J. Gonzales St., Biñan, Laguna | Commercial | With one-storey office structure/Clean Title | T-61749 | LAND: 1304 IMPROVEMENT: 363 |
₱55,000,000.00 |
| 7 | Lot 16-C-3-C, along F. Pimentel Avenue, Barrio Mambiga (now Barangay Pamorangon), Municipality of Daet, Province of Camarines Norte | Office unit | Commercial office unit with 2 parking slots/Clean Title | CCT Nos. 3240, 15826, 15827 | UNIT: 197.21 | ₱40,700,000.00 |
| 8 | Lot 2084-A-4-A-2, Leuterio Street cor. Elbo Street, San Vicente West, Camilmil, Calapan City, Oriental Mindoro | Commercial | With 2-storey office building/Clean Title | 642022000587 | LAND: 184 | IMPROVEMENT: 312 | ₱15,000,000.00 |
| 9 | Unit 8-E City Plaza Tower, #439 Plaza Del Conde , Binondo, Manila | Residencial | Vacant Unit/Clean Title | 002-2011001396 | UNIT: 107.38 | ₱11,200,000.00 |
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 |
April 15, to May 15, 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 | May 15, 2024, 9:00 AM | |
| Opening of bids | May 15, 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 April 15, 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.