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-11022 |
280 |
Barangay Poblacion, Manticao, Misamis Oriental |
980,000.00 |
1,500.00 |
14 May 2025 4:00 PM |
|
2 |
T-28905 |
1,036 |
Barangay Poblacion, Opol, Misamis Oriental |
5,180,000.00 |
1,500.00 |
|
|
3 |
T-56066 |
1,006 |
Barangay Bayabas, Cagayan De Oro City |
2,012,000.00 |
1,500.00 |
|
|
4 |
T-56349A |
2,300 |
Barangay Tablon, Cagayan De Oro City |
8,280,000.00 |
1,500.00 |
|
|
5 |
T-56708 |
307 |
Barangay Camaman-an, Cagayan De Oro City |
1,043,800.00 |
1,500.00 |
|
|
6 |
T-58120 |
2,155 |
along Michael A. Costello Drive, Barangay Macasandig, Cagayan De Oro City |
14,223,000.00 |
1,500.00 |
|
|
7 |
T-60144 |
304 |
15 to 26th Hillside, Barangay Macasandig, Cagayan De Oro City |
1,124,800.00 |
1,500.00 |
|
|
8 |
T-60145 |
7,760 |
Aluba Village, Barangay Macasandig, Cagayan De Oro City |
28,712,000.00 |
1,500.00 |
|
|
9 |
T-59338 |
300 |
Barangay Consolacion, Cagayan De Oro City |
1,230,000.00 |
1,500.00 |
|
|
10 |
T-56349 |
338 |
Aluba Village, Barangay Macasandig, Cagayan De Oro City |
1,453,400.00 |
1,500.00 |
|
|
11 |
T-56348A |
354 |
1,522,200.00 |
1,500.00 |
||
|
12 |
T-56348 |
370 |
1,591,000.00 |
1,500.00 |
||
|
13 |
T-128206 |
200 |
Barangay Kauswagan, Cagayan De Oro City |
1,260,000.00 |
1,500.00 |
The properties are being offered at a Base Price as set forth above. The prices are payable in Cash or in the form of a Bank Manager’s Check. All taxes, fees, and expenses pursuant to or in relation to the sale of the properties shall be borne by the Buyer/Offeror. Offer/s must not be lower than the Base Price.
The authenticated Specific Rules on Negotiated Sale (“SRNS”) and the Asset Specific Catalogue (“ASC”), shall be issued starting on 15 April 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 the Negotiated Sale Documents may conduct due diligence on the particular lot starting 15 April 2025, until the day immediately preceding the Offer Submission Deadline for the particular properties.
Acceptance of Offers shall begin on 15 April 2025 and continue until the Deadline of Submission set forth above. Offers shall be submitted at the 5th Floor, Privatization and Management Office (PMO), 104 Gamboa St., Legaspi Village, Makati City.
The Offerors must comply with the requirements provided in the SRNS and shall be required to submit a Deposit equivalent to at least ten percent (10%) of the offered price indicated in the SRNS (“the Deposit”). The Deposit may be in the form of Cash or a Bank Manager’s Check, issued by a reputable universal or commercial bank acceptable to PMO, payable to the “Privatization and Management Office.”
The evaluation of offers will be conducted solely to determine the most beneficial, economical, advantageous, or practicable offer to the National Government. This will be completed within fifteen (15) calendar days after the submission deadline, 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 specified period from the receipt of the Notice.
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.
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. Offerors shall be notified subsequently of such modifications, supplements, or changes.
SGD
ATTY. MAAN VANESSA L. DOCTOR
Chief Privatization Officer