PCGG FORFEITED PROPERTIES DRAW INTEREST FROM PROSPECTIVE BIDDERS

The Presidential Commission on Good Government (PCGG) today said that fourteen (14) prospective bidders have already purchased the bidding documents for the sale of the forfeited properties of former NBI Director Jolly Bugarin just a week after the publication of the invitation to bid.

The forfeited properties consist of a house and lot in North Greenhills, San Juan City with a lot area of 727 square meters, another house and lot in Valle Verde III, Pasig City with an area of 721 square meters, and a 582 square meter vacant lot in BF Homes Subdivision, Barangay Holy Spirit, Quezon City.

Commissioner Richard T. Amurao, who is also the Chairman of the PCGG Bids and Awards Committee for Privatization, said that he is very pleased with the interest shown on the properties and he expressed confidence that the PCGG will receive competitive bid offers during the auction sale.

The floor prices for the properties are set at P60,743,000 for the Greenhills property, P45,471,000 for the Valle Verde property and P8,148,000 for the BF Homes, Quezon City property.

The public auction is scheduled on September 1 for the Greenhills and Valle Verde properties and September 2 for the BF Homes, Quezon City property. Bid documents are available up to July 25.

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