Privatization Update: Disposed Real Estate Assets

From 01 January 2019 to 31 December 2019, PSALM has disposed 166 lots from its Real Estate Assets (REA) portfolio either through public bidding, government-to-government transaction or option existence notice (OEN). The privatization of REAs raised a revenue of PHP1.47 billion. PSALM adopted asset disposal systems and a streamlined bidding process to widen its bidders base and attract investors to its real estate assets. Selected assets still pending privatization were entered into short-term lease agreements, a move netting PHP18.8 million for PSALM in 2019.

Location of Real Estate Assets	No. of Lots	Land Area (sq.m.)	Winning Bidder	Mode of Disposal	Winning Bid Price (PHP)	Turnover Date
Jasaan, Misamis Oriental	49	155,504 sq.m.	Panasia Energy, Inc.	Public Bidding	PHP600,000,000.00	6 December 2019
Talavera and Calong-calong in Toledo City, Cebu	21	129,589 sq.m.	Panasia Energy, Inc.	Public Bidding	PHP250,000,000.00	6 December 2019
Barangay 21, P. Gomez St., Laoag City, Ilocos Norte	1	3,530 sq.m.	Panasia Energy, Inc.	Public Bidding	PHP84,720,000.00	6 December 2019
Payocpoc Sur, Bauang, La Union	92	261,349.32 sq.m.	Provincial Government of La Union	Government-to- Government Transaction	PHP524,211,660.00	14 August 2019
Masinloc (land underlying the Masinloc CFTPP)	2	12,522 sq.m.	Barangay Bani, Municipality of Masinloc, Province of Zambales	Through OEN	PHP15,652,500.00	22 November 2019
Naga, Bicol	1	193 sq.m.	Mr. Eric Alfred Yu Chang Cabral	Public Bidding	PHP1,254,500.00	12 November 2019
Total	166 lots	526,275.32 sq.m.