PDIC Launches E-Bidding for Real Properties and Assets in the Philippines

The Philippine Deposit Insurance Corporation (PDIC) has officially announced the upcoming electronic public bidding (e-bidding) for a wide array of real properties and transportation equipment. This initiative supports the agency’s ongoing efforts to recover assets of closed banks and settle claims from depositors and creditors. According to the PDIC, the e-bidding will open on October 29, 2025, at 9:00 AM and will close on October 30, 2025, at 1:00 PM. All interested participants must submit their bids through the official PDIC e-bidding portal at assetsforsale.pdic.gov.ph. Bids will be reviewed and opened at 2:00 PM on October 30, ensuring transparency and fairness in the selection process.

A total of 34 vacant agricultural lots, 15 vacant residential lots, eight residential lots with improvements, three agricultural lots with improvements, two commercial lots with improvements, and two mixed residential or agricultural lots with enhancements will be available. Additional listings include one mixed commercial or residential property, one mixed vacant residential or agricultural lot, one agricultural lot, two vehicles, and a generator set. These assets are located across several provinces, including Aklan, Apayao, Batangas, Bohol, Camarines Sur, Capiz, Cavite, Cebu, Ilocos Norte, Isabela, La Union, Laguna, Leyte, Mindoro Occidental, Misamis Oriental, Negros Oriental, Pangasinan, Sultan Kudarat, Tarlac, and Zamboanga del Norte. The vehicles and generator set are situated in Barcenaga, Naujan, Oriental Mindoro.

To participate, prospective buyers must complete a one-time registration through the e-bidding portal by accessing the registration page or clicking the “Assets for Sale” link on the official PDIC website at www.pdic.gov.ph. Once registered, bidders will gain full access to the digital catalog, where they can review detailed property listings, descriptions, photos, requirements, and bidding procedures. PDIC strongly advises participants to conduct their own due diligence, which includes verifying the current status, property condition, ownership, and legal aspects before submitting bids.

As the designated statutory receiver of closed banks in the Philippines, the PDIC is mandated to liquidate remaining assets to maximize financial recovery. Proceeds from the sale of these assets are directed into dedicated funds used to settle claims from depositors and other creditors. Additionally, any income generated from the liquidation process contributes to the Deposit Insurance Fund (DIF), which serves as the financial backbone for future deposit insurance claims.

The introduction of e-bidding ensures a more efficient, transparent, and accessible process for both local and overseas bidders. Digital participation creates opportunities for investors seeking value in real estate or asset acquisition while helping to support financial stability in the banking sector. Many investors, especially those involved in property markets, are increasingly relying on online platforms to discover legitimate investment opportunities. Likewise, entertainment and gaming enthusiasts in the Philippine market continue to explore secure platforms, such as linkhoki777.org, which are gaining popularity among responsible online users.

The PDIC e-bidding initiative highlights the organization’s commitment to modernizing public asset disposal methods, enhancing transparency, and offering equal opportunities to qualified bidders. With various property types spread across the country, the event provides a promising opportunity for investors, developers, and individuals looking to acquire land or assets at competitive prices. Interested participants are encouraged to register early, review property listings thoroughly, and prepare competitive bids ahead of the October deadline.