Western Heights Subdivision

General Guidelines:

1. The disposition of the property shall be in bulk and on an “AS-IS, WHERE-IS” basis.


2. All proposals shall be submitted on or before 2:00 p.m.  of April 12, 2012.


3. Terms of payment:
   3.1 For CASH SALE:
         • If Spot Cash, the minimum bid is P2,978,709.00 (net of  the  5% cash discount)
   
   3.2 For INSTALLMENT SALE:
         • 10%  minimum down payment;
         • Balance payable in equal monthly installments over a maximum period of ten (10) years; and
         • The interest rate shall be set using the prevailing PDST-F rate for 10-year government securities at the time
            of the opening of bids.
   
   3.3 For JOINT VENTURE AGREEMENT
         • Indicate the terms and conditions of the JVA.
   
   
4. Bidding documents can be secured from the office of the Asset Management Department (AMD) located at the 4th Floor, Jade Building,  335 Sen. Gil Puyat Avenue, Makati City  from March 21, 2012 to March 30, 2012 upon payment of a  non-refundable fee of TWO THOUSAND PESOS (P2,000.00).


5. The sealed bids should be dropped in the designated drop box located at the 4Th  Floor, AMD office on or before 2:00 p.m. of April 12, 2012.


6. Bidders are advised to check the titles for liens and encumbrances, and the other conditions/status of the property.


7. For inquiries, please call the AMD and look for Mr. Roger Saltiga at telephone numbers 896-0425 and 897-3149, or visit our office at the 4th Floor, Jade Building, 335 Sen. Gil Puyat Avenue, Makati City.

THE CORPORATION RESERVES THE RIGHT TO REJECT ANY OFFER OR ACCEPT THAT WHICH IS MOST ADVANTAGEOUS TO THE CORPORATION.