MANILA – The Philippine Deposit Insurance Corporation (PDIC) will conduct an electronic public bidding of residential and agricultural properties on April 29 to 30, 2026, offering investors access to various real estate assets across Luzon.

According to the state insurer, the e-bidding will open for bid submissions at 9:00 a.m. on April 29 and will run until 1:00 p.m. on April 30, with the opening of bids scheduled at 2:00 p.m. on the same day. The activity will be carried out through PDIC’s online bidding platform to ensure transparency and wider access to participants.

Among the properties up for bidding are two vacant residential lots situated in gated subdivisions in Cabanatuan City. The lots, measuring 475 square meters and 540 square meters, have minimum bid prices set at P4.4 million and P4.9 million, respectively.

The auction will also include a range of properties in different parts of Luzon, consisting of 22 agricultural lots, 17 residential lots, and six mixed-use residential and agricultural properties. These assets vary in size from 154 square meters to 4.2 hectares and are located in Metro Manila and several provinces, including Batangas, Bulacan, Isabela, Ilocos Sur, Laguna, La Union, Palawan, Pangasinan, Quezon, Rizal, Sorsogon, and Zambales.

PDIC said all properties will be sold on an “as-is, where-is” basis and advised interested buyers to conduct due diligence before participating in the bidding process.

For agricultural properties, winning bidders are required to submit a certification from the Provincial Agrarian Reform Officer of the Department of Agrarian Reform, confirming that the land is not covered by the Comprehensive Agrarian Reform Program and that no ownership awards have been issued. They must also provide an affidavit stating that their total landholdings do not exceed the five-hectare legal limit within 15 days after the e-bidding.

The PDIC, acting as statutory receiver, disposes of assets from closed banks to maximize recovery and help settle claims of creditors, including depositors with uninsured funds. Proceeds from the sale of these properties are used either to pay creditors of closed banks or to support the Deposit Insurance Fund.