The Privatization and Management Office (“PMO”) is Offering for Sale on an “as is, where is” basis, the properties described hereunder:
|
Item No. |
Transfer Certificate of Title (TCT) No. |
Area (sq. m.) |
Location |
Base Price (PhP) |
Participation Fee (PhP) |
Offer Submission Deadline |
|
1 |
T-8000 |
1,757 |
Barangay V, Zone V, Silay City, Negros Occidental |
26,000,000.00 |
1,500.00 |
11 July 2025 10:00 AM
|
|
2 |
T-8003 |
15,196 |
29,045,000.00 |
1,500.00 |
||
|
3 |
T-8002 |
7,224 |
Barangay Lantad, Silay City, Negros Occidental |
14,450,000.00 |
1,500.00 |
The properties are being offered at a Base Price as set forth above. The prices are payable in Cash or a Bank Manager's Check issued by a Universal or Commercial Bank, Direct Bank Deposit, and Electronic Fund Transfer and are exclusive of any and all taxes. All taxes, fees, and expenses pursuant to or in relation to the sale of the properties shall be borne by the Buyer. Offer/s must not be lower than the Base Price.
The Negotiated Sale Documents, which include the authenticated Specific Rules on Negotiated Sale ("SRNS”) and the Asset Specific Catalogue ("ASC"), shall be issued starting on 20 June 2025 until the day immediately preceding the Offer Submission Deadline as indicated above during office hours (8:00 a.m. to 5:00 p.m.) at the 5th Floor, Privatization and Management Office (PMO), 104 Gamboa St., Legaspi Village, Makati City.
As a prerequisite to the issuance of the Negotiated Sale Documents, interested parties shall pay a non-refundable Participation Fee as set forth above. Interested parties who have been issued Negotiated Sale Documents may conduct due diligence of the particular lot starting 20 June 2025 until the day immediately preceding the Offer Submission Deadline for the particular properties.
The Negotiated Sale Documents and Security shall be submitted on the date set forth above through:
| In-person via Box | The box shall be closed at exactly on the date and time as set forth above. No offer/s shall be accepted after the deadline and closing of the box. |
| Online via This email address is being protected from spambots. You need JavaScript enabled to view it. |
Offers will not be accepted after the offer submission deadline. (Online submission must be password protected) |
Offer/s shall be submitted at the 5th Floor, Privatization and Management Office (PMO), 104 Gamboa St., Legaspi Village, Makati City. The opening and tabulation of offer/s shall be done immediately after the Offer Submission Deadline.
The Offeror/s must comply with the requirements provided in the SRNS and shall be required to submit a Security equivalent to at least ten percent (10%) of the offered price indicated in the SRNS. The Security may be in the form of Cash or a Bank Manager's Check issued by a Universal or Commercial Bank, Direct Bank Deposit, and Electronic Fund Transfer, payable to:
|
Bank |
Land Bank of the Philippines |
| Branch | Paseo de Roxas, Makati City |
| Account | Current |
| Account Number | 1802-1011-51 |
| Account Name | Privatization and Management Office |
The opening and evaluation of offer/s shall only be for the purpose of determining the highest qualified financial offer which shall be subject to the approval of the Privatization Council prior to any award. Full payment of the Purchase Price for the relevant lot shall be made within the specific period from receipt of the Notice of Award.
Interested parties may contact:
Marketing Division
PRIVATIZATION AND MANAGEMENT OFFICE
104 Gamboa Street, Legaspi Village, Makati City
Telephone Nos. : (02) 8818-8305 or (02) 8817-6331
The PMO reserves the right to reject any or all offers, or to waive any defect or required formality therein, and to accept the offers considered most advantageous to the National Government. The PMO may resort to other modes of disposition provided under existing laws, rules and regulations in case of a failure of the Negotiated Sale.
The PMO does not assume any obligation to compensate or indemnify parties for any expense or loss that may be incurred as a result of their participation in the Negotiated Sale process for any of the lots, nor does it guarantee that an award will be made. The PMO reserves the right to modify, supplement, or change the SRNS, or any document included in the Negotiated Sale Documents, and any other aspect of the negotiated sale process at any time, including the schedule and venue provided herein, for any reason and without giving prior notice. Offeror/s shall be notified subsequently of such modifications, supplements, or changes.
(SGD) ATTY. MAAN VANESSA L. DOCTOR
Chief Privatization Officer