BCDA To Bid Bonifacio South Property

The Bases Conversion and Development Authority (BCDA) is now drafting the terms of reference that will set the stage for the bidding of the 33.1-hectare prime Bonifacio South property, considered one of the agency’s crown jewels, before the end of the year. 

BCDA president Arnel Paciano D. Cassanova told reporters that they are now completing the valuation of the property, which is expected to fetch a higher sales price. SM Land valued the property at around P27 billion or P36,900 per square meter. The BCDA has reportedly set a minimum price range for the property at between P45,000 to P50,000 per square meter following the successful sale of the less attractive Food Terminal lot in Taguig City which was sold for P32,000 per sqm.

Source: The Philippine Star