Home Development Mutual FundDavao Housing Hub

Pryce Tower Condominium, Pryce Business ParkJP Laurel Avenue, Davao City

INVITATION FOR PUBLIC AUCTION

Auoust 12. 2016

The Home Development llrutual Fund (Pag:lBlG FUND) Davao Housing Hurcommittee on Disposition ofAcqulrod Assets shall conduct a SECOND (2"") PUBLIC AUCTION for the following ACQUIRED RESIDENTIALPROPERTIES on August 12, 2016 11:01 Altl at JOLLIBEE GENSAN PARTY AREA, NATIONAL HIGHWAY,GENERAL SANTOS CITY. A PRE-BID CONFERENCE wlll be conducted on the same date at 9:00 A l.

Dof,a Soledad Phase ll LabanqalGeneral Santos

Ooia Soledad Phase ll LabanqalGeneral Santos

Dofia Soledad Phase lllB Labanoal General Santos

Phase I Sto. Ni,1o Koronadal

Phase I Sto. Niio Koronadal

PROPERIYLOCATION OF PROPERTY(GENERAL SANTOS, KORONIDAL;SURALTIE--

TBOLI, POLO OLOK, AND TUPD LOT FLOOR MINIMUMto No BLK LOT DESCRIPTION AREA AREA BID PRICE

POLOMOLOK

SAN GABRIEL HOMES

27 07 11 San Gabriel Homes Phase I Poblacion Polomolok 120.00 33.65 408,830.4028 07 12 San Gabriel Homes Phase I Poblacion Polomotok 't20.00 43.65 437,720.4029 o7 12 San Gabriel Homes Phase ll Poblacion Polomolok 120.00 52.00 537,399.00

30 07 13 San Gabriel Homes Phase ll Poblacion Polomolok 120.00 33.65 397.310.40

TUPI

TUPI PILOT SUBOIVISION

3l 06 12 Tupi Pilot Subdivision Poblacion Tuoi 97.50 30.25 195.394.50

GENERAL GUIDELINES

1. lnterested parties are required to secure copies of: (a) INSTRUCTIONS TO BIDOERS and (b) OFFER TO BIDfrom the office of the Acquired Assets Management and Disposition Unit of the HDMF, LMRD, DavaoHousing Hub,g!q, or from the

Properties shall be sold on an "AS lS, WHERE lS" basis and the winning bidder shall take possession of theproperty without seeking assistance from HDMF office upon signing of the contract.

All interested buyers are encouraged to insoect the property/ies before tendering their offer/s. The list of theproperties may be viewed at www.oaoibiofund.oov.oh/aalaa.aspx .

Sealed proposals in triplicate (3) copies shall be received by the Commlttee on Dispositlon ot Acquired Assetsat JOLLIBEE GENSAN PARTY AREA, NATIONAL HIGHWAY, GENERAL SANTOS CITY starting at 10:30 Ai,but not later than !!!qq.!U on the scheduled date; the said proposals shall be opened immediately in thepresence of the committee and attending bidde6. No proposals shall be accepted by the committee earlier orlater than the scheduled time and date.

5. The Bid Offer shall not be lower than the minimum bid set by the Fund.

6. Each bid proposal shall be accompanied by a BIDDER'S BOND either in CASH or MANAGER'S CHECK issuedby any commercial bank, payable to PaglBlG Fund for an amount equivalent to 10% of the BID OFFER or theBIDDER may opt to pay the BOND starting on AUGUST 10, 20'16 at the Cash Division. cround Floor. PrvceTower. Baiada Oavao Citv or at the

attach the original PagJBlG FUND Receipt (PFRI to the bid

7. Payment of the remaining ninety percent (90o/o) bid offer balance may either be thru any of the following modes:

a. Gash - on which the approved purchase price shall be paid not later than thirty (30) calendardays ftom date of receipt of Notice of Award (NOA).

b. lnstallment basis - on which payment shall be in equal monthly installment inclusive ofinterest and provided the chosen payment term shall not exceed twelve ('12) months.

c. Pag{BlG Houslng Loan - payment shall be in the form of monthly amortization based onthe approved loan term, which may be up to a maximum of thirty (30) years with the followingconsiderations:

l. Loan approval and term shall be subject to eligibility requirements stipulated underthe Pag-lBlG End-User Home Financing Program guidelines;

2. The loan amount shall be the biddefs bid offer, net of the 100/0 downpayment;

bidde/s

c+[

proposal. The BOND shall seNe as down payment of the winning bidder.

.i

The buyer shall b€ required to file his Pag-lBlG housing loan appli:ation and completedocumentary requir€ments and pay th€ folowing incidentel expensos within thirty (30) calendardays from receipt of the Notii:e of Approval of Sale:

a. ProcessirE fee of Three Thousand Pesos (P 3,000.00):

b. Equity, if applicable;

c. One year advance insurance premiums (sales redemption insuranca aswell as fire and allied peril insurance);

Aooroval.

Odglnll Borowerr who wish to participate on the Sealed Public Auction SHALL NOT BE

ALLOWED to bid thru housing loan availmenl They may only bid thru cash or installment basis.

The Bidders shall be present at the op€ning of lids. 8i{rders may designate their Authorized Representatives.provided they shall issue the bllowing documenB:

a. Special Power of Attorney (SPA) for individual-bidder

b. Secretary's Certificate fior company{idder

'10. The Opening of BkJs shallcommenc€ from 11:01 AU untll comoleti,on.

11. The Udder vvho ofiers the hEhest bid shall be dedared as the winner. ln case there is only one (1) complying

tidder br a parti@hr property, he shall b€ automatcally dedaGd as the winning bidder.

'12. lncaseof a tied highest bid, it shall be resolved by apptying tho bllowing order of preferenca:

a. Mode of Payrnenl (Cash over lnstallment o\ret Housing Loan):

b. Time of entry

lf there is sull a tie, it shall be resolved immediately by an open auction between/among the tied hEhestBidders.

13. The no}.winning bkJders' respective bk, bonds shall bo retumed to them immediataly together with an

acl$owledgement receipt once a winning bkjdsr has b€en dedared'

14. lf the winning bidder fails or refuses to push through with the purchase of the property, or fails to pay in full the

remaining balance wfiin 30 calendar days hom receipt of the Notice of Award (NOA). he shall lose his right aswinning birlder and the 10% bidde/s bond shall b€ forEiled in f,avor ot the Fund.

.t5. tnterested parties may visit the AGQUIREO ASSETS ilANAGElrEllT AND DISPOSmON UNIT or contacl telno.22,[-{i33'Youmayalsoemailyourinquiriesforfurtherdetaitsat@.

4.

HDMF RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS, TO WAIVE ANY FORMALITY

THEREIN, OR ACCEPT SUCH BIDS AS MAY BE CONSIDERED UOST ADVAMTAGEOUS TO THE FUNO'

THE OECISION OF THE FUND IS FINAL AND BINDING.

Mce PresldentA. STA t^'r

Lending Operations

t

Msayas/Mindanao GrouPChairman

:i;r^,n*^o#;i#il'S1'

HQP.AAF.104

Pag-lBtG FundDavao Housing Hub

INSTRUCTION TO B]DDERS

1. Secure 3 copies of lhe Offer to Bid (For Sealed Public Auction) from the Marketing and Sales-AcquiredAssets Unit at 4b Flr Pryce Tower Condominium, Pryce Business Park, J.P. Laurel Ave Davao City orto the nearest Member Services Branch near you.

2. Fill out the Offer to Bid and affix signature on the designated portion of the form.

3. lnsert the accomplished Offer to Bid in an envelope together with the bidder's bond, cash payment slipand seal it.

NOTES: a. Each bid must be accompanied by a bidde/s bond in the form of cash or managedscheck issued by any commercial bank, payable to the Pag-lBlG Fund in the amountequal to ten percent (10%) of the bid price. Such deposit shall serve as the winningbiddeds downpayment or shall be retumed to the non-winning bidder, without interest,upon completion of the public bidding.

Samole Computation:

Minimum Bid Price : P 300,000.00 (Pag-lBlG Fund)Bid Amount : P 400.000.00 (Higher than the Minimum bid price)

(Bid Amount) x 10%(P 400,000.00) x .10

BiddefsBond : P'10,000.00

b. The bid amount shall no case be lower than the minimum bid price determined by theFund indicated in the lnvitation to Bid.

4. Proceed to the JOLIBEEGENSAN PARTY AREA, Natlonal Highway General Santos City where the publicauction will be conducted.

5. Sign the attendance sheet.

6. Drop the sealed envelope in the designated Bid Box at the the JOLIBEE€ENSAN PARTY AREA,Natlonal Hlghway General Santos clty from 10:30 S but not later than 1 1:00 Sof the scheduled datefor sealed public auc'tion.

HQP.AAF-103

OFFER TO BID

Date

Attention: COMMITTEE ON DISPOSITION OF ACQUIRED ASSETS

properties) published

_atlAy'y'e have the honor

to submit the following proposal, subject to the terms and conditions contained inthe "lnvitation to Bid'and "lnstruction to Bidders & General Guidelines':

I . Location of the Property:

Sir/Madam:

Relative to your "INVITATION TO BtD" (Sale of acquiredin the newspaper/Pag-lBlG website to be held on

2. Property No.3. Bid Price:

TCT/CCT No(P)

4. Bid Bond (10% of Bid price): _ (P__-)5. Modeof Payment: ffiiousngT;A;-6. Former Owner:7. Pag-lBlG Member

EYes E No

EYes D No

lANe enclose my/our CASH paymenUs or MANAGER'S CHECK payable to thePagJBlG FUND, as bidder's bond in the amount equivalent to 10% of the bidprice. The said deposit shall be returned if my/our proposal is deemedunsuccessful, or applied as part of the payment if my/our bid is declared aswinning bid by the Pag-lBlG FUND.

lAy'fe further agree that Pag-lBlG Fund has no commitment and makes noguaranty to approve the offer, as it is understood to be subject to final approvalby the Pag-lBlG Fund's approving authorities.

Vey truly yours,

BIDDER

Bidder lnformation:

sPousE(rF MARRTED)

t{AME OF BUYER/AUTHORIZEO REPRESETTATIVEL€sl,Vame First Namo Nama Ext nsion (e.g.l.,lll) Middto Nane Meicten Nane

sss/Gsrs tD No. TAXPAYERS rDE nFrCAnO O. (nN) |P.g-rBrGMrDNO. coMMoN REFERET{CE NO. (CRN)

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COUNTRY + AREA COO€ TELEPHONE NO,Ho.ne l.l. t!e-

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f__lfBanngay MuniciqlityEv Ptoince ancl State County Al abrced) ZP CodeEmailAddro.!

EMPLOYER/BUSINESS NAME

UniUR@n I'1o., Fbr Buik n0 N.nE LdNo-, B@< No., mes€ No. orHousa ttlo_ Stlctrvarnc PREFERRED iIAILII{G ADORESS

E Pcrmanent Home Address

E Poscnt Home Address

D Employer/Business Addr.3!Barangay Municiqlity/Cily Poinc€ etf, Stete Counw U abrcad) ZtP Code

(Novembet 2012)

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