Over 700 GSIS-owned properties up for bidding next month

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Residential lots owned by the closed thrift bank of Government Service Insurance System (GSIS) amounting to P184.9 million will be disposed by the Philippine Deposit Insurance Corp. (PDIC) through a public bidding.

In a statement sent to reporters on Tuesday, Sept. 4, the PDIC said the 768 assets formerly owned by GSIS Family Bank (A Thrift Bank) will be sold on an “as-is, where is” basis via public bidding on Oct. 4.

Up for bidding are 749 residential lots and another 19 lots with improvements located in Metro Manila, Bataan, Bulacan, Cavite, Marinduque, Nueva Ecija and Tarlac. — Karl Angelo N. Vidal