The Philippine Deposit Insurance Corporation (PDIC) is offering a rare opportunity to acquire prime real estate properties through its electronic public bidding (e-bidding) scheduled on April 29–30, 2026.
The submission of bids begins at 9:00 a.m. on April 29 and closes at 1:00 p.m. on April 30, with bid opening set at 2:00 p.m. the same day. Conducted via a fully digital and transparent platform at https://assetsforsale.pdic.gov.ph, the e-bidding provides investors and property buyers direct access to high-value assets.
Headlining the offering are two vacant residential lots located in the exclusive and gated Lakewood City and Villa Benita subdivisions in Cabanatuan City, one of Central Luzon’s dynamic and progressive districts. The properties have lot areas of 475 square meters and 540 square meters, with minimum bid prices of P4.4 million and P4.9 million, respectively. These properties present attractive opportunities for home development, long-term capital appreciation, or strategic portfolio expansion.
The e-bidding also features a diverse selection of competitively priced properties in Luzon, including: 22 agricultural lots, 17 residential lots, and 6 mixed residential/agricultural properties. Lot sizes range from 154-square-meters to 4.2-hectares, offering flexibility for a wide range of investment objectives. These properties are located in Metro Manila, Batangas, Bulacan, Isabela, Ilocos Sur, Laguna, La Union, Palawan, Pangasinan, Quezon, Rizal, Sorsogon, and Zambales.
Interested buyers may view the complete property catalogue, detailed descriptions, bidding procedures, and requirements, through the official PDIC e-bidding portal. Participation requires a one-time registration at https://assetsforsale.pdic.gov.ph/Account/Register, which provides access to this and future PDIC asset auctions.
All properties are offered on an “as-is, where-is” basis. The PDIC strongly encourages all prospective buyers to conduct thorough due diligence, including verification of property condition, ownership, and other relevant considerations. Participants are likewise advised to carefully review all Conditions of Bid prior to submission of bids.
Winning bidders for agricultural properties must submit a certification from the Provincial Agrarian Reform Officer (PARO) of the Department of Agrarian Reform in the province where the property is located and an Affidavit of Aggregate Landholdings within fifteen (15) days after the e-bidding. The PARO certification should confirm that the agricultural lot is not covered by the Comprehensive Agrarian Reform Program (CARP) and that no Emancipation Patent or Certificate of Land Ownership Award has been issued for the property. The affidavit should state that the winning buyer’s collective landholdings, including the property/ies to be acquired during the bidding, do not exceed the five-hectare limit set by law. The prescribed formats for the Certification
and Affidavit may be downloaded for free from the Download Center of the e-bidding portal at https://assetsforsale.pdic.gov.ph.
Participants bidding on behalf of another individual or an organization may also download free of charge, the pro-forma Special Power of Attorney and Secretary’s Certificate, respectively, from the e-bidding portal.
As the statutory receiver, the PDIC liquidates the remaining assets of closed banks to maximize recoveries and help settle claims of closed bank creditors, including depositors with uninsured deposits. Proceeds from the sale of closed bank-owned properties go directly to a fund that the Corporation manages for these closed banks to settle creditors’ claims, while revenues from the sale of corporate assets are added to the Deposit Insurance Fund, the funding source for valid deposit insurance claims.
For more information on the e-bidding, interested buyers within Metro Manila may contact the PDIC Public Assistance Department at (02) 8841-4141 during office hours. Those outside Metro Manila may call the PDIC toll-free hotline at 1-800-1-888-PDIC or 1- 800-1-888-7342, also during office hours. Inquiries may also be sent via e-mail at pad@pdic.gov.ph or private message on PDIC’s Assets for Sale Facebook page (@PDICAssetsforSale) or PDIC’s official Facebook page (@OfficialPDIC).
