THE Bases Conversion and Development Authority (BCDA) is putting the Insurance Commission’s (IC) share in a 5,000-square meter (sq.m.) lot in Fort Bonifacio, Taguig City on the auction block.
In a notice published in a newspaper on Jan. 3, the BCDA said it is inviting bidders for the 2,500 sq.m. of Lot 3-A property located along Lawton Avenue.
The property is beside the National Mapping and Resource Information Authority (NAMRIA). It is also near McKinley West, Megaworld Corp.’s township on a former Joint US Military Assistance Group (JUSMAG) property.
The BCDA said the minimum acceptable bid for the property is P596.52 million. The amount includes a 6% capital gains tax, which will be paid once the contract is signed.
Interested bidders may purchase the terms of reference (TOR) at the BCDA Corporate Center in Bonifacio Global City for P100,000 until Jan. 22.
A pre-bid conference will be held on Friday at the BCDA Corporate Center. — VMPG
