SSS to bid out 59 Tondo lots

STATE-RUN pension fund Social Security System (SSS) is selling 59 commercial lots at the Manila Harbour Center in Tondo district.

The minimum bid price for all the lots—which will be auctioned off in seven blocks and 12 parcels—totals approximately P1.5 billion.

The 59 lots cover a total of more than 45,000 square meters.

The SSS said it will accept cash as well as installment bids for the sale of the lots on an “as-is, where-is” basis.

The terms of reference will be available starting Nov. 9 until Dec. 11. The deadline for submission of eligibility is on Dec. 14. The opening of bids will be on Dec. 21, at the SSS headquarters in Quezon City.

The SSS is also bidding out a 25-year lease contract for its prime five-hectare property near Manila Bay’s fast-rising gaming hub.

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