A: Whenever PDIC holds a public bidding, it publishes an Invitation to Bid (ITB) containing the list of properties to be bid out, as well as the guidelines for interested bidders. The ITB is published in newspapers and posted in the PDIC website and its Facebook and Twitter accounts. The ITB advises prospective buyers to physically inspect the properties they wish to buy, examine and verify the titles and other evidence of ownership, and determine any unpaid taxes, fees, charges and/or expenses before submitting their bids.
When submitting bids, bidders are required to register and create an account in the PDIC e-Bidding Portal. Only registered bidders are allowed to submit their bids and participate in the bidding.
A bidder must signify his/her/its conformity to the PDIC Data Privacy Notice and Conditions of Bid, completely supply the required data in the electronic bid form, and upload the documentary requirements in support of the bid..
Interested buyers may get in touch with PDIC through the following contact information:
A: The documents are listed in the Checklist of Documentary Requirements which may be found in the Download Center of the PDIC Assets for Sale website. The required documents vary, depending on the following:
A: Interested buyers may get in touch with PDIC through the following contact information:
A: The buyer/bidder shall have the responsibility to:
A: The winning bidder shall assume the payment of appropriate taxes, fees, charges and expenses in connection with the sale of the property and the transfer of the ownership to himself/herself/itself including, but not limited to, capital gains tax or creditable withholding tax, whichever is applicable, value added tax, documentary stamp tax, notarial fees, registration expenses, legal and research fund fees, entry fees and such other fees and expenses incidental to the execution and registration of the Deed of Absolute Sale.