PDIC launches 2026 e-bidding for prime real estate

MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) will roll out its first electronic public bidding (e-bidding) in 2026, offering a major portfolio of prime real estate assets located across Luzon, the agency announced.

Bid submissions will open at 9:00 a.m. on January 28, 2026 and close at 1:00 p.m. on January 29, 2026, exclusively through the PDIC e-bidding portal at https://assetsforsale.pdic.gov.ph.

Submitted bids will be opened at 2:00 p.m. on January 29.

The properties, part of PDIC’s inventory of corporate and closed bank assets, will be sold on an “as-is, where-is” basis.

Headlining the offering is a prime commercial lot in Barangay Poblacion I, Sta. Magdalena, Sorsogon, considered highly strategic for business and development.

Also included in the portfolio are 43 residential properties, 36 agricultural properties, and nine mixed residential-agricultural properties, with lot sizes ranging from 70 square meters to as large as six hectares.

These assets are located in Albay, Batangas, Bulacan, Camarines Norte, Camarines Sur, Cavite, Isabela, Laguna, La Union, Pangasinan, Rizal, Sorsogon, Tarlac, and Zambales.

Interested buyers may view the full catalog, bidding requirements, and conditions on the e-bidding portal.

Participation requires a one-time online registration, which can also be accessed through the “Assets for Sale” icon on the PDIC website at www.pdic.gov.ph.

PDIC advised prospective bidders to conduct due diligence on the properties and carefully review the posted Conditions of Bid.

Winning bidders of agricultural properties must submit certifications from the Department of Agrarian Reform confirming that the land is not covered by the Comprehensive Agrarian Reform Program, along with an affidavit stating compliance with the five-hectare landholding limit, within 15 days after the bidding.

As statutory receiver of closed banks, PDIC said proceeds from the sale of closed bank assets will be used to settle creditors’ claims, including uninsured deposits, while revenues from corporate asset sales will go to the Deposit Insurance Fund.

For inquiries, interested parties may contact PDIC’s Public Assistance Department at (02) 8841-4141, its toll-free hotline 1-800-1-888-PDIC, or email pad@pdic.gov.ph.