MANILA, Philippines – The Bases Conversion and Development Authority (BCDA) is set to bid out a 5,000-square meter lot in the Villamor Air Base area.
The property, considered to be among the last few lots to be auctioned off in the former air base, is known as the Lot 5A Villamor Driving Range.
BCDA president and chief executive Arnel Paciano Casanova said the lot should not be confused with the existing driving range at the Villamor Air Base, which the BCDA has replicated and is operational.
“What is being auctioned off is a lot in the institutional area where the former Villamor Air Base driving range used to be located,” Casanova said.
The property is bounded on the northwest by the Philippine State College of Aeronautics (PhilSCA), on the northeast by the South Luzon Expressway (SLEX), on the south by a privately-owned vacant land, and the west by an access road servicing the schools within the vicinity.
Casanova expressed optimism “that a significant number of real estate firms will join the bidding considering the location of the property.”
He said the minimum bid for the property is P168 million, inclusive of 12 percent value-added tax.
Interested bidders may purchase the Terms of Reference (TOR) at the BCDA Corporate Center at the 2nd floor of the Bonifacio Technology Center, Bonifacio Global City from July 21 to August 26, 2014 for a non-refundable fee of P75,000. The TOR may also be viewed at the BCDA website.
A pre-bid conference to accommodate inquiries from interested bidders will be held on August 7, 10 a.m. at the BCDA Corporate Center.