@Home Development Mutual Fund

Davao Housing HubPryce Tower Condominium, Pryce Business Park

JP LaurelAvenue, Davao City

INVITATION FOR PUBLIC AUCTION

Auqust 26, 20'16

The Home Development Mutual Fund (Pag-lBlG FUND) Davao Housing Hub-Committee on Disposition ofAcquired Assets shall conduct a SECOND (2no) PUBLIC AUCTION for the following ACQUTRED RESIDENTIALPROPERTIES on August 26,2016 11:01 AM at Jollibee JP Laurel Party Area, JP Laurel Avenue, Davao City. APRE-BID CONFERENGE will be conducted on the same date at 9:00 AM.

PROPERTY LOCATION OF PROPERTY(DAVAO CITY PROPERTIES) LOT FLOOR MINIMUM

ID NO BLK LOT DESCRIPTION AREA AREA BID PRICE

CATALUNAN GRANDE

ELENITA HEIGHTS SUBDIVISION

1 05 13 Elenita Heights Subdivision Phase l, Catalunan Grande 120.00 45.00 944,244.00

2 18 18 Elenita Heiqhts Subdivision Phase l. Catalunan Grande 120.00 45.00 726,840.00

3 25 29 Elenita Heiqhts Subdivision Phase l, Catalunan Grande 100.00 36.35 545,153.40

4 06 38 Elenita Heights Subdivision Phase ll, Catalunan Grande 150.00 45.00 930,231.00

5 07 14 Elenita Heiqhts Subdivision Phase ll, Catalunan Grande 150.00 45.00 '1 ,064,916.006 13 24 Elenita Heights Subdivision Phase ll, Catalunan Grande 150.00 LOT ONLY 472,500.00

7 45 09 Elenita Heiqhts Subdivision Phase ll, Catalunan Grande 100.00 LOT ONLY 423,000.00

I 46 14 Elenita Heiqhts Subdivision Phase ll, Catalunan Grande 100.00 36.35 822,598.20

I 46 15 Elenita Heiqhts Subdivision Phase ll. Catalunan Grande 100.00 LOT ONLY 423,000.00

SAN GABRIEL VILLAGE

10 01 A2 San Gabriel Villaqe Catalunan Grande 80.00 30.00 s21 ,226.00SANTIAGO VILLAS SUBDIVISION

11 18 02 Santiaqo Villas Subdivision Sitio Ubat. Catalunan Grande 101.00 30.19 693,109.80

CATALUNAN PEQUENO

WELLSPRING VILLAGE

12 01 12 Wellspring Village Phase l, Catalunan Pequeio 146.00 51 .52 937,473.30't3 29 nq Wellspring Village Phase l, Catalunan Pequeffo 126.00 36.49 632,350.80

WELLSPRING HIGHLANDS

14 '16 0'1 Wellspring Hiohlands Phase ll, Catalunan Pequefro 1 18.00 36.55 810,985.50

SAMANTHA HOMES

15 13 11 Samantha Homes Catalunan Pequeffo 80.00 25.00 385,402.50

16 16 24 Samantha Homes Catalunan Pequefio 80.00 25.00 418,149.00

17 17 02 Sama.rtha Homes Catalunan Pequefio 80.00 25.00 420,489.00

18 19 12 Samantha Homes Catalunan Pequefro 80.00 25.00 383.'175.00

RESIDENCIA DEL RIO SUBDIVISION

19 IJ 07 Residencia Del Rio Subdivision Catalunan Pequeflo 1 10.00 36.55 954,431 .1 0

MINTAL

MARVILLE HOMES

20 01 13 Marville Homes Mintal I 18.00 60.00 591.480.00

TUGBOK

DECA HOMES RESORT RESIDENCES SUBD.

21 57 39 Deca Homes Resort Residence Subdivision Phase l, Tugbok 120.00 LOT ONLY 496.800.00

22 64 02 Deca Homes Resort Residence Subdivision Phase l, Tuqbok 176.00 LOT ONLY 728,640.00

23 64 04 Deca Homes Resort Residence Subdivision Phase l, Tugbok 120.00 LOT ONLY 496.800.00

24 64 UO Deca Homes Resort Residonce Subdivlsion Phass I, tugbol( 120,00 LOT ONLY 40a 80rl 60

25 43 Deca Homes Resort Residence Subdivision Phase I, Tugbq( 120.00 LOT ONLY 496,800.00

26 67 03 Deca Homes Resort Residence Subdivision PhCqe !,f!9!9!- 120.00 LOT ONLY 496,E00.00

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PROPERTY LOCATION OF PROPERTY(DAVAO CITY PROPERTIES) LOT FLOOR MINIMUMID NO BLK LOT DESCRIPTION AREA AREA BID PRICE

DECA HOMES RESORT RESIDENCES SUBD.27 02 Deca Homes Resort Residences Subdivision Phase lV,Tuqbok 163.00 35.1 0 1j02,858.2028 74 04 Decq Homes Resort Residences Subdivision Phase lV,Tuqbok 120.00 35.10 924,838.20

TORIL

KRISTINA HOMES

29 02 29 Kristina Homes Luboqan Toril 112.00 36.00 308,188.8030 06 08 Kristina Homes Lubogan Toril 100.00 30.00 254,646.00

ROSALINA VILLAGE

31 43 24 Rosalina Village lll, Phase I, Toril 1 18.00 35.75 569,413.80

TALOMO

SUSANA HOMES

32 30 05 Susana Homes Phase lll Baliok Talomo 100.00 39.24 643.077.90

33 01 07 Susana Homes Phase lll Baliok Talomo 1 10.00 38.74 692,641.95

BAGO GALLERA

SAMANTHA HOMES

34 09 41 Samantha Homes Baqo Gallera 72.00 30.60 563,539.50

35 '10 32 Samantha Homes Bago Gallera 72.00 30.60 576,409.50

36 12 08 Samantha Homes Baqo Gallera 72.00 30.60 543,307.50

37 22 23 Samantha Homes Baqo Gallera 72.00 30.60 537,187.50

MATINA PANGI

SAMANTHA HOMES

38 t6 1B Samantha Homes Matina Panqi 103.00 35.75 666,557.'10

CABANTIAN BUHANGIN

COUNTRYVILLE EXECUTIVE HOMES

39 18 61 CountryVille Executive Homes Cabantian Buhanqin 155.00 18.00 1,411,074.00

DECA HOMES SUBDIVISION. CABANTIAN

40 24 16 Deca Homes Subdivision Cabantian Buhanoin 81.00 35.1 0 768,1 I 0.4041 35 zo Deca Homes Subdivision Cabantian Buhanoin 81.00 35.1 0 767,660.4042 41 50 Deca Homes Subdivision Cabantian Buhanqin 143.00 35.1 0 877,043.70

CIUDAD DE ESPERANZA

43 23 16 Ciudad De Esperanza Cabantian Buhanqin 100.00 28.16 696,99s.1 044 14 Ciudad De Esperanza Cabantian Buhanoin 60.00 31.20 439,887.60

TIGATTO BUHANGIN

DECA HOMES SUBDIVISION . TIGATTO

45 74 24 Deca Homes Subdivision Esoeranza Tioatto Buhanoin 95.00 35.10 859,864.5046 76 Ub Deca Homes Subdivision Esperanza Tiqatto Buhanoin 80.00 35.1 0 802,489.5047 80 04 Deca Homes Subdivision Esperanza Tiqatto Buhanqin 80.00 35.1 0 815,989.50

PANACAN

LUZVILLE SUBDIVISION

48 31 17 Luzville Subdivision Panacan 50.00 30.00 244,980.00

49 33 13 Luzville Subdivision Panacan 50.00 30.00 461,991.60

COMMUNAL

VICTOR'S SUBDIVISION

50 04 12 Victor's Subdivision Communal 100.00 36.40 908,191.80

GENERAL GUIDELINES

1. lnterested parties are required to secure copies of: (a) INSTRUCTIONS TO BIDDERS and (b) OFFER TO BIDfrom the office of the Acquired Assets Management and Disposition Unit of the HDMF, LMRD, DavaoHousing Hub,4th Floor. Pryce Tower Gondominium. Pryce Business Park. JP Laurel Avenue. DavaoCitv.

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2. Properties shall be sold on an "AS lS, WHERE lS" basis and the winning bidder shallproperty wlthout seeklng a6$letanee from t'IDMF oftlCIe upon glgnlng of the eontraet,

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possession of the

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

4. Sealed proposals in triplicate (3) copies shall be received by the Committee on Disposition of Acquired Assetsat Jollibee JP Laurel Party Area, JP Laurel Avenue, Davao City starting at 10:30 AM but not later than 11:00AM on the scheduled date; the said proposals shall be opened immediately in the presence of the committee andattending bidders. No proposals shall be accepted by the committee earlier or later than the scheduled time anddate.

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 Pag-lBlG Fund for an amount equivalent to 10% of the BID OFFER or theBIDDER may opt to pay the BOND starting on August 23,2016 at the Cash Division. Ground Floor. PrvceTower. Baiada Davao Citv and attach the original Pag-lBlG FUND Receipt (PFR) to the bid proposal. TheBOND shall serve as down payment of the winning bidder.

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

a. Cash - on which the approved purchase price shall be paid not later than thirty (30) calendardays from 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-lBlG Housing 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 bidder's bid offer, net of the 10% downpayment;

3. ln case the housing loan application has been disapproved, the 10% bidder's bondshall be forfeited in favor of the Fund.

4. The buyer shall be required to file his Pag-lBlG houslng loan application and completedocumentary requirements and pay the following incidental expenses within thirty (30) calendardays from receipt of the Notice of Approval of Sale:

a. Processing fee of Three Thousand Pesos (P 3,000.00);

b. Equity, if applicable;

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

5. ln case the Bid Offer, net of the ten percent (1.0%) bid bond is still higher than the appraisalValue of the propertv, the amount in excess of the appraisal value shall be treated as equitv.It shall be paid bv the buver within thirtv (30) calendar davs uoon receipt of Notice of LoanAPProval.

6. Original Borrowers who wish to participate on the Sealed Public Auction SHALL NOT BEALLOWED to bid thru housing loan availment. They may only bid thru cash or installment basis.

B. The Bidders shall be present at the opening of bids. Bidders may designate their Authorized Representatives,provided they shall issue the following documents:

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

b. Secretary's Certificate for company-bidder

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The opening of Bids shail commence from 11:0.r AM untir comoretion

The bidder who offers the highest bid shall be declared as the winner. In case there is only one (i)complyingbidder for a particular property, he shall be automaticalty dectared as the winninjoioJer.

ln case of a tied highest bid, it shall be resolved by apptying the following order of preference:

a Mode of Payment (Cash over lnstallment over Housing Loan);

b Trme of entry

lf there rs still a tie rt shall be resolved imnrediately by an open auction between/among the tied highesttsrdders

The non-winnrng bidders' respective bid bonds shall be returned to them immediatety together with anacknovrledgement receipt once a winning bidder has been declared.

f i l:terestec parties may visit the ACQUIRED ASSETS MANAGEMENT AND DISPOSITION UNIT or contact tetrto.224-4733. You may also entail your rnquiries for further details at davaolmrd.aad@paqibiqfund.qo

HDX/F RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS, TO WAIVE ANY FORMA.LITYlilEREll'l oR ACCEPT sucH BIDS AS MAY BE coNSTDERED Mosr ADVANTAGEouS ro rHE FUND.THE DECISION OF THE FUND IS FINAL AND BINDING.

FE ( A. STA TERESA JRVice President /Y

OV ,-Home Lerrding OperationsVrsayaslMindanao Group

ChairmanCommittee on Disposition of Acquired

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'13 lf the winning bidder fails or refuses to push through with the purchase of the property, or fails to pay in ful therentaining balance within 30 calendar days from receipt of the Notice of Award grfbni he shall tose iris i"rght aswinning bidderand the 10% bidder's bond shall be forfeited in favorof the Fund.

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HQP.AAF.104

Pag-lBlG FundDavao Housing Hub

INSTRUCTION TO B!DDERS

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

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

lnsert the accomplished Offer to Bid in an envelope together with the bidder's bond, cash payment slip

and seal it.

NOTES a Each bid must be accompanied by a bidder's bond in the form of cash or manager'scheck 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 winningbidder's downpayment or shall be returned to the non-winning bidder, without interest,

upon completion of the public bidding.

Sample Computation:

Minimum Bid PriceBid Amount

Bidder's Bond

P 300,000.00 (Pag-lBlG Fund)P 400 000 00 (Higher than the Minimum bid price)

(Bid Amount) x 10%(P 400,000 00) x 10

P 40,000.00

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

Proceed to JOLLIBEE - Bajada Party Area (ln front of Landco), J.P. Laurel Ave Davao City wherethe public auction will be conducted.

Sign the attendance sheet.

Drop the sealed envelope in the designated Bid Box at the JOLLIBEE - Bajada Party Area (ln frontof LandCo), J.P.Laure! Ave Davao Cityfrom 10:30AM but not laterthan 11:00AM of thescheduleddate for sealed public auction.

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HQP.AAF-103

OFFER TO BID

Date

Attention: COMMITTEE ON DISPOSITION OF ACQUIRED ASSETS

Sir/Madam:

TO BlD" (Sale of acquired properties) publishedwebsite to be held on at

lA//e have the honorto submit the following proposal, subject to the terms and conditions contained inthe "lnvitation to Bid" and "lnstruction to Bidders & General Guidelines":

Relative to your "INVITATIONin the newspaper/Pag-lBlG

1.

2.3.4.5.

6

7.

Location of the Property:Property No.Bid Price:

TCT/CCT No(P

Bid Bond (10%of Bid price):

Mode of Payment:Former Owner:Pag-lBlG Member

Houslng LoannYes n No

!Yes n No

(P

lAtue enclose my/our CASH payment/s or MANAGER's CHECK payable to thePag-lBlG 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.

lAiVe 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,

BI DDER sPousE(rF MARRTED)

Bidder lnformation:NAME OF BUYER/AUTHORIZED REPRESENTATIVELa.sl /Va/ne Frst Name Name Extension (e g Jr. lll) Middle Name Maiden Name

SSS/GSIS ID NO, TAXPAYERS IDENTIFICATION NO. (TlN) | Pag-lBlG MID NO. COMMON REFERENCE NO. (CRN)

PERMANENT HOME AODRESS

UntlRoom No Floor Butldng Name Lot No.. Block /Vo Phase No or House No Streel Name

CONTACT DETAILS(lndicale country code il abroad)COUNTRY + AREA CODE TELEPHONE NOHome Tel. l{q

SuDdtvision Barangay Munrcipality/City Province and Slale Country (if abroad) ZIP Code LjFIPRESENT HOME ADORESSUniuRoom Na . Floor Building Name Lol No., Block No.. Phase No. or House No. S/reel Name r*tEIffiSubdlvlsron Barangay Municipality/City Province and State Country 0f abroad) ZIP Code

Email Address

EN]]PLOYER/BUSINESS NAME

EMPLOYER/BUSINESS ADDRESS

UnuRoom No . Floor Building Name Lot No., Elock No., Phase No. or House No. Street Name PREFERRED MAILING AODRESS

n Permanent Home Address

D Present Home Address

fl EmployerlBusiness Address

Subdivision Barangay Municipality/City Province ard Stale Country 0f abroad) ZIP Code

(November 2012)

DATE OF BIRIH (mmddyyyy)

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