The Philippine Deposit Insurance Corporation (PDIC), through its Real & Other Properties Acquired (ROPA) Disposal Committee, is set to sell on an "as-is, where-is" basis various assets of closed banks with an aggregate minimum disposal value of P253.9 million in separate public auctions to be held in Davao and Makati City.

To be auctioned on February 26, 2015 at Unit 80, 8th Floor, Landco-PDCP Condominium Building, Pryce Business Park, J.P. Laurel Davao City, Davao Del Sur are 115 properties consisting of condominium units, parking slots and other real properties. The auction will be conducted from 9:00 am to 2:00 pm. Properties for auction are located in Davao del Sur, Davao del Norte, Cagayan de Oro City, Compostella Valley, General Santos City, and Camiguin.

Meanwhile, for auction on March 5, 2015 at the 9th Floor, SSS Building 6782 Ayala Ave. corner V. A. Rufino St., Makati City are 12 transportation equipment and three generator sets. The auction will be held from 2:00 pm to 5:00 pm.

Auction time may be extended by the ROPA Disposal Committee.

Bidders are advised to bring proper identification (ID) with photo and to come at least one hour prior to the opening of bids to register and submit the requirements. Bid documents such as Bid Forms, Conditions of Bid, and standard format of the Special Power of Attorney and Secretary's Certificate may be downloaded free of charge from the PDIC website, www.pdic.gov.ph .

A participation fee in the amount of P25,000.00 either in cash and/or Manager's check is required of all bidders. The fee will be returned to non-winning bidders at the end of the auction. The winning bidder is required to pay a downpayment equivalent to 10% of the bid on the day of the auction. The participation fee of the winning bidder will form part of the downpayment and purchase price.

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