22 Sep 2020
The Power Sector Assets and Liabilities Management Corporation (PSALM) is selling its 50,447 sq. meters (5.447 hectares) land property in Barangay Lagundi, Mexico, Pampanga. The Minimum Bid Price for the property is set at PHP803,151,000.00.
The deadline for the submission of bids for the property is on 20 October 2020, 2:00 PM after which the opening of bids will immediately follow. This will be conducted at the PSALM’s office at the 24th Floor Vertis North Corporate Center 1, North Avenue, Quezon City. A pre-bidding conference will be held on 24 September 2020 at 2:00 PM to answer inquiries from interested parties and especially those pertaining to the terms of the sale .
The property has a clean title. Its location is best suited for commercial land development as it is highly accessible via the North Luzon Expressway, Subic-Clark-Tarlac Expressway, MacArthur Highway and Jose Abad Santos Avenue. It is in close proximity to community centers like schools, hospitals and major shopping malls. The new owner may redevelop the area for wholesale and retail stores, shops and supermarkets. The area is also projected to benefit from the planned Manila-Clark Railway system which will be completed by the last quarter of 2021.
Interested parties can download the bidding package for the Mexico property at the PSALM website (https://www.psalm.gov.ph) starting 08 September 2020.
Corporate Communications Division