BCDA to bid out more properties in Taguig

MANILA, Philippines - The Bases and Conversion Development Authority (BCDA) will bid out a 1,000- square meter (sqm) property in Taguig City in the third quarter on top of three other properties up for auction also this year.

“The bidding for the 1,000 sqm in BGC (Bonifacio Global City) will probably be in the third quarter,” Aileen Anunciacion Zosa, BCDA executive vice president told reporters yesterday.

The property, she said, is located beside the Everest Academy in BGC.

The property would have to be used for institutional purposes like a school, hospital or other government offices.

The use of the land to be auctioned off, Zosa said, is based on the land use plan of the host local government unit.

The BCDA has yet to finalize the valuation of the said property.

Zosa said that apart from the 1,000 sqm property beside Everest Academy, the BCDA is set to auction off three other small properties this year.

In a notice posted on its website earlier this week, the BCDA said that it is looking for interested proponents for the privatization and development of three properties.

The BCDA wants to auction off the 5,005 sqm driving range lot as well as the 5,389 sqm Nichols Loop in Pasay City which is valued at P89.59 million.

The Nichols property could be utilized for institutional use.

The BCDA is likewise looking for interested bidders for the 3,099 sqm Eastgate parking facility in BGC.

The Eastgate parking property which can be utilized as an institutional area is valued at P122.41 million.

Another property up for auction is the 1,224 sqm Sampaguita East Ramp lot in Fort Bonifacio priced at P28.76 million.

The Sampaguita property, the BCDA said, could be used for residential, commercial and institutional purposes.

Arnel Paciano Casanova, president and chief executive officer of BCDA told reporters yesterday that the government-owned corporation also has plans of bidding out bigger properties in BGC referred to as crown jewels, this year, after its gets the green light of the Office of the President.

“We expect approximately more than P12 billion from these properties,” he said.