The Bases Conversion Development Authority (BCDA) will rebid its P1.9-billion prime property in the Bonifacio Global City within the first quarter after two failed biddings last year.
BCDA Vice-President Aileen Zosa said BCDA is set to publish an invitation to bid by mid-February.
The state’s bidding rules provide for a negotiated deal following two failed auctions, but in the case of the BCDA’s property — also known as the big delta lots — a third bidding will be conducted “to avoid any speculation,” officials said.
The delta lots, also known as the site for a proposed Government Center for Investments, is valued at no less than P160,000 per square meter by the BCDA.
Ms. Zosa said her agency expects ample interest from prospective developers for the 1.2-hectare expanded big delta lots.
“We hope to name the winning bidder by March and have the contract signing by April,” she said in an interview.