MANILA, Philippines – State-run Bases Conversion and Development Authority (BCDA) is seeking bids from interested firms for the sale of seven properties with a total value of P115.357 million in Metro Manila.
In an invitation posted on its website, the BCDA said it “is inviting interested bidders to bid for the sale of the properties on an “as-is, where-is’ basis.”
The properties for sale and their respective minimum bid prices are as follows: 165-square meter (sqm) Kalayaan Villa in Fort Bonifacio (P4.950 million); 225-sqm Summit Housing in Fort Bonifacio (P5.063 million); 96 sqm Lot 12515-E in East of C5 (Circumferential 5) Road (P1.776 million); 262 sqm Lot 3 in East of C5 Road (P4.847 million); 438 sqm Lot 2A and 2B in East of C5 Road (P8.103 million); 976 sqm Lot 12509-B in East of C5 Road (P18.056 million); and 4,040 sqm Lot 2 and Lot 25-E-3 in East of C5 Road (P72.562 million).
Interested bidders may purchase the Terms of Reference (TOR) for the subject bidding at the BCDA Corporate Center in Bonifacio Global City, Taguig City until Feb. 15, for a non-refundable fee of P10,000.
The TOR may also be viewed by checking the BCDA website at www.bcda.gov.ph.
The properties are not being sold as one lot so, interested firms may opt to bid for any or all of the properties.
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A pre-bid conference for the properties is set to be held on January 23, at the BCDA Corporate Center.
The BCDA was created by Republic Act 7227 to transform former US military bases into alternative productive civilian use.
It engages in public-private partnerships to push forward vital public infrastructure such as tollways, airports, seaports, as well as major real estate developments.
Since its creation in 1992 until August 2014, the BCDA has generated P62.778 billion from the disposition of former Metro Manila camps.
Of the said amount, P26.962 billion is for the account of the Armed Forces of the Philippines.
The BCDA Group is composed of the BCDA Management & Holdings Inc., the Clark Development Corp., the Clark International Airport Corp., the Poro Point Management Corp., the John Hay Management Corp. the Bataan Technology Park Inc. and the North Luzon Railways Corp.