INVITATION FOR A PUBLIC SEALED BIDDING (September 13, 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 4 & 5, Block 3, Road Lot 3 (Mindanao Avenue) corner Road Lot 4 & 5 (Siquijor Road), Cebu Business Park, Barrio Luz, Cebu City | Commercial | 116472 & 107-2018000047 | LAND: 3,648 | ₱1,720,000,000.00 |
| 2 | Cor. Gen. Luna & Valeria Sts., Iloilo City | Commercial | 37812 | LAND: 5,308 | IMPROVEMENT: 2,788 | ₱476,500,000.00 |
| 3 | F. Sevilla Ave., Poblacion, Malabon City | Commercial | 13364 & 13365 | LAND: 2,870 | IMPROVEMENT: 385 | ₱220,000,000.00 |
| 4 | P. Burgos St., cor. C. Tirona, Batangas City | Commercial | 12714 & 3914 | LAND: 1,500 | IMPROVEMENT: 1,100 | ₱120,000,000.00 |
| 5 | 1003 Aurora Blvd., cor. Lauan St., Quirino Dist., Quezon City | Commercial | 121423 | LAND: 557.1 | IMPROVEMENT: 346.2 | ₱92,500,000.00 |
| 6 | 202 J. Gonzales St., Biñan, Laguna | Commercial | T-61749 | LAND: 1,304 | IMPROVEMENT: 363 | ₱55,000,000.00 |
| 7 | Lot 12-B, Araneta Street, Barangay 36, Bacolod City, Province of Negros Occidental | Commercial | 092-2022008091 | LAND: 600 | ₱35,000,000.00 |
| 8 | Lot 2-A along Bongabong–Sagana–Roxas– San Aquilino Road, Sitio Madugo, Roxas, Mindoro Oriental | Commercial | T-106910 | LAND: 10,982.50 | IMPROVEMENT: 384.3 | ₱25,500,000.00 |
| 9 | Lot 18426-A” – Interior Lot, Barangay Quiot Pardo, Cebu City, Province of Cebu | Residential | 10419 | LAND: 2,832 | ₱25,000,000.00 |
| 10 | Loy B-2-B, Along Provomcial Road, Bo. Malabanan Sur, Candelaria, Quezon | Commercial | 066-2017013007 | LAND: 9,200 | ₱22,000,000.00 |
| 11 | Lot 2084-A-4-A-2, Leuterio Street cor. Elbo Street, San Vicente West, Camilmil, Calapan City, Oriental Mindoro | Commercial | 642022000587 | LAND: 184 | IMPROVEMENT: 312 | ₱15,000,000.00 |
| 12 | Tinio Street, Poblacion, Gapan, Nueva Ecija | Commercial | 228761 | LAND: 243 | IMPROVEMENT: 360 | ₱15,000,000.00 |
| 13 | Lot 1202-C-2, Danzalan Street corner Juliano Street, Brgy. Sta. Veronica District, Guimba, Nueva Ecija | Commercial | NT-206990 | LAND: 500 | IMPROVEMENT: 426 | ₱10,000,000.00 |
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 |
August 14 to September 13, 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 | September 13, 2023, 9:00 AM | |
| Opening of bids | September 13, 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 August 14, 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.