MANILA — The Philippine Deposit Insurance Corporation (PDIC) will conduct its first electronic public bidding (e-bidding) for 2026, offering a portfolio of prime real estate properties across Luzon from January 28 to 29, the agency said in a news release dated December 22, 2025.

Bid submissions will open at 9:00 a.m. on January 28 and close at 1:00 p.m. on January 29 through the PDIC e-bidding portal, with bid opening scheduled at 2:00 p.m. on the same day. All properties will be sold on an “as-is, where-is” basis.

Headlining the auction is a prime commercial lot located in Barangay Poblacion I, Sta. Magdalena, Sorsogon. The portfolio also includes 43 residential properties, 36 agricultural properties, and nine mixed residential and agricultural properties, with lot sizes ranging from 70 square meters to six hectares.

The properties are located in Albay, Batangas, Bulacan, Camarines Norte, Camarines Sur, Cavite, Isabela, Laguna, La Union, Pangasinan, Rizal, Sorsogon, Tarlac, and Zambales, according to the PDIC.

Prospective bidders are required to register once on the PDIC e-bidding portal and are encouraged to conduct due diligence on the condition, status, and ownership of the properties, as well as to carefully review the Conditions of Bid posted online.

Winning bidders of agricultural properties must submit, within 15 days after the e-bidding, a certification from the Department of Agrarian Reform stating that the property is not covered by the Comprehensive Agrarian Reform Program, along with an affidavit of aggregate landholdings, the PDIC said.

As the statutory receiver of closed banks, the PDIC said proceeds from the sale of closed bank assets will be used to settle creditors’ claims, while revenues from corporate asset sales will be added to the Deposit Insurance Fund.