PSALM conducts pre-bid conference for small-value real estate assets

17 Sep 2020

The Power Sector Assets and Liabilities Management Corporation (PSALM) held a pre-bid conference on 15 September 2020 as part of the process for the privatization of five (5) real estate assets located in General Santos City, Loboc, Magdalena, Sudipen and Camalaniugan. This conference enabled interested parties to ask about the sale provisions as well as the process being followed to privatize these assets.

Bid Submission Deadline is on 30 September 2020 at 2:00 PM, after which the opening and evaluation of bids will immediately commence. All bids are to be submitted at PSALM’s Office locate at the 24th Floor of Vertis North Corporate Center 1, North Avenue, Quezon City.

The 1,868-square-meter asset in General Santos City is near the shoreline of Calumpang and in close proximity to an industrial zone. The minimum bid price is PhP10,974,500.00.

The Loboc property in the Province of Bohol is composed of four (4) lots with a total land area of 13,204 square meters. It is near the scenic Loboc River which is a bustling tourist site. The minimum bid price is PhP12,139,000.00.

The land in Magdalena, Laguna is made up of twenty (20) lots totaling 270,390 square meters. The area, which straddles four barangays, is a prime agricultural location. It is highly accessible because of the several access roads available. The minimum bid price is PhP27,039,000.00.

The property in Sudipen, La Union is composed of three (3) lots with total area of 2,041 square meters. Situated near the main road of the municipality, the property is conducive for agro-industrial activities. The minimum bid price is PhP3,171,000.00.

The lot in Camalaniugan in the Province of Cagayan, measures 2,148 square meters. It is situated in a residential zone making it ideal for residential development. The minimum bid price is PhP3,222,000.00.

Interested parties can download the bidding packages from the PSALM website (https://www.psalm.gov.ph).

Revenues from the successful sale of PSALM’s land assets will be used for the settlement of the Corporation’s assumed financial obligations.

Corporate Communications Division
Tel. No. (632) 9029067