Image via WikipediaThe Bases Conversion Development Authority is set to issue the terms of reference for the sale of the remaining small parcels of lots in Fort Bonifacio before end this year.
BCDA vice-president for Business Development and Operations Dean J. Santiago said there are two parcels in Fort Bonifacio one is located in the Eastgate parking and another in the Sampaguita ramp. A third property is a one-hectare parcel located in the Villamor Driving Range. These lots could fetch about P500 million for BCDA.
“We are going to issue the terms of reference for the bidding of these small parcels,” he said.
Notice of publication has been set for October 10 this year to pave the way for bidding before end this year.
Awarding of contract of sale is estimated to be early January 2012.
Santiago said the disposition mode for these assets would be outright sale because these are smaller lots. The Villamor lot is ideal for the establishment of institutional projects like schools while the Sampaguita ramp could be ideal for a small commercial development. The EastGate lot would be suited for parking.
http://mb.com.ph/articles/337347/bcda-sell-small-lots
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