City gov't 2 prime properties open to investors

• Source:http://www.pna.gov.ph/index.php?nid=2&rid=831942
• Friday, November 27, 2015

(PNA), FFC/PGL/CBF

ILOILO CITY, Nov. 27 (PNA) -- Two prime properties owned by the city government here are open to interested investors, according to Mayor Jed Patrick Mabilog.

Mabilog said that the Commission on Audit (COA) has already pegged a price for the 3,000-square meter lot in Brgy. North San Jose in Molo district at PHP15,000 per square meter. The property used to be the site of the old slaughterhouse that was transferred to Brgy. Tacas in Jaro.

Earlier, Singaporean investors have expressed interest to build a mixed-use cruise terminal facility in the area. In one of the meetings of the Iloilo-Batiano River Development Council, the investors presented their proposal to build a hotel, health and wellness, retail, restaurants and recreations in the property situated beside the historic Carpenter’s Bridge.

However, Mabilog said that during the period when the proposal was presented, the city government was still waiting for the approved selling price from COA.

Another property waiting to be sold is the 6.9-hectare lot in Brgy. Ungka in Pavia town, Iloilo.

The lot is situated along the national highway that was earlier utilized for the socialized housing project of Iloilo City hall employees. The project, however, became a white elephant.

The lot was bid out twice but failed. During the second bidding the price was pegged at PHP3,700 per square meter.

Mabilog said that they will try to have it bid out again but if still there are no takers then they might enter into a negotiated procurement.