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GSIS Foreclosed Properties for Rent and Sale – Your Key to Affordable Dream Homes!

GSIS foreclosed properties and sale

Acquired Assets – Retail The Government Service Insurance System (GSIS) is offering for sale its acquired assets through competitive public bidding on “As is where is” basis. Pls. see guidelines below the list of acquired properties for disposition.List of Acquired Assets for DISPOSITION: Home Office Bid Date: February 29 and March 21, 2024 Where: Level 3, Conference Hall, Core G, GSIS Building, Financial Center, Roxas Boulevard, Pasay CityBid Form and General Guidelines on the Disposition of Retail Units

NOTES TO BIDDERS:GSIS reserves the right to waive any formality or to reject any or all bids received. The list of properties available for sale may be updated without prior notice.Pursuant to the amended BIR Revenue Regulations no. 1-2024 of Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), the selling price of GSIS properties above PhP3,600,000.00 shall be subject to 12% Value-Added Tax (VAT).

The down payment and the balance of the winning bid offer shall include 12% VAT payable on the prescribed date indicated in the Notice of Approval of Sale issued in favor of the winning bidder.(See the below sample computation) Example: Posted Minimum Acceptable Offer is PhP3,600,000.00 and the Bid Offer is PhP3,700,000.00 DP – (10% of PhP3,700,000.00) + 12% VAT = PhP 370,000.00 + 44,400.00 = PhP 414,400.00 Balance – (90% of PhP3,700,000.00) + 12% VAT = PhP3,330,000.00 + 399,600.00 = PhP3,729,600.00

We have 12,335 residential units nationwide for rent and sale!

To view the list of properties, please click on the links below:

𝐍𝐂𝐑- https://www.gsis.gov.ph/…/20240311-LWOB-s2024-0002-NCR.pdf

𝐋𝐮𝐳𝐨𝐧- https://www.gsis.gov.ph/…/20240311-LWOB-s2024-0002…

𝐕𝐢𝐬𝐚𝐲𝐚𝐬- https://www.gsis.gov.ph/…/20240311-LWOB-s2024-0002…

𝐌𝐢𝐧𝐝𝐚𝐧𝐚𝐨- https://www.gsis.gov.ph/…/20240311-LWOB-s2024-0002…

For general guidance: https://www.gsis.gov.ph/…/acquired-assets-retail-for…/ 

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