The Philippine Deposit Insurance Corporation (PDIC) is set to sell a major portfolio of prime real estate as it launches its first electronic public bidding (e-bidding) for 2026, offering investors and property seekers a rare opportunity to acquire strategically located assets across Luzon.
The submissions of bid will start at 9:00 am on January 28, 2026 to 1:00 pm on January 29, 2026, exclusively through the PDIC e-bidding portal at https://assetsforsale.pdic.gov.ph, and the submitted bids will be opened at 2:00 PM on January 29, 2026.
Forming part of the PDIC’s extensive inventory of corporate and closed bank assets, all properties will be offered for sale on an “as-is, where-is” basis. Headlining the e-bidding is a prime commercial lot situated in Barangay Poblacion I, Sta. Magdalena, Sorsogon, a highly strategic location ideal for business and development.
The asset portfolio also includes 43 residential properties, 36 agricultural properties, and nine mixed residential and agricultural properties with lot sizes ranging from 70-square meter to six-hectares, catering to a wide range of buyers from homeowners and farmers to developers and long-term investors.
These properties are located in Albay, Batangas, Bulacan, Camarines Norte, Camarines Sur, Cavite, Isabela, Laguna, La Union, Pangasinan, Rizal, Sorsogon, Tarlac, and Zambales. Interested parties are encouraged to explore the complete catalog of properties, along with detailed descriptions, bidding requirements, procedures, and conditions, available on the PDIC e-bidding portal. With a diverse lineup of properties and a fully digital bidding process, the Corporation’s inaugural e-bidding marks a significant step toward greater accessibility, transparency, and opportunity in the real estate market.
Prospective buyers have an opportunity to participate in the e-bidding with just a one-time registration on the e-bidding portal at https://assetsforsale.pdic.gov.ph/Account/Register. For added convenience, they can simply click the “Assets for Sale” icon on the PDIC website homepage at www.pdic.gov.ph to access the portal. Once registered, buyers can jump right in and submit an online bid quickly and easily. Prospective bidders are enjoined to conduct their due diligence on the properties, i.e., determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire. Likewise, the PDIC reminds interested parties to read carefully the Conditions of Bid posted at the PDIC e-bidding portal.
Winning bidders of agricultural properties are required to submit, within fifteen (15) days after the e-bidding, a Certification issued by the Provincial Agrarian Reform Officer (PARO) of the Department of Agrarian Reform where the property is located, stating that the agricultural lot subject of the bid is not covered by the Comprehensive Agrarian Reform
Program (CARP) and that no Emancipation Patent or Certificate of Land Ownership Awards has been issued for the said property. They are also required to submit an Affidavit of Aggregate Landholdings within the same period, which states that the person’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 format for the Certification and Affidavit can be obtained for free from the Download Center of the e-bidding portal, https://assetsforsale.pdic.gov.ph.
Participants bidding on behalf of another individual or an organization can also download for free the Pro-forma Special Power of Attorney and Secretary’s Certificate, respectively, from the e-bidding portal.
As the statutory receiver of closed banks, the PDIC liquidates the remaining assets of closed banks to maximize recovery and help pay 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. Meanwhile, 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 call 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).
