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BCDA sets appraisal of Bonifacio, Bataan lots

Posted on September 26, 2012 09:51:38 PM [ BusinessWorld Online ]

THE BASES Conversion and Development Authority (BCDA) is seeking consultants to conduct the appraisal for two properties up for sale, a notice on the agncy’s Web site showed.

It is seeking appraisal for the 33.1-hectare Bonifacio South property and the 356-hectare Bataan Technology Park.

The budget for the project is P190,000.

Interested parties must send a proposal to BCDA by Oct. 20.

BCDA said on Sept. 23 that it intends to auction off Bonifacio South by next month. The property is located along Lawton Avenue and is between Newport City and McKinley in the southern portion of Bonifacio Global City.

BCDA subjected the property to a Swiss challenge in August 2010 after it received an unsolicited proposal from SM Land, Inc. to develop it for at least P20 billion.

But a review by the Office of the President resulted in a ruling last Aug. 15 to put the property up for bidding instead. BCDA has invited SM Land to participate in the bidding for Bonifacio South. -- ENJD        
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