Bidding set for CJH VOA log Homes lease
>> Monday, September 11, 2023
BAGUIO CITY -- The Bases Conversion and Development
Authority (BCDA) and its subsidiary, John Hay Management Corp. (JHMC) are
seeking eligible bidders for long-term lease of three log home units at Voice of
America (VOA) here at Camp John Hay.
As part of their joint assets disposition program, the BCDA and JHMC are offering Units 3, 9, and 20A of VOA log homes for a lease period of 25 or 50 years, with a minimum bid price of P2.51 million for the initial one-year lease of each property.
This disposition is carried out pursuant to Republic Act 7227, which mandates the BCDA to accelerate sound and balanced conversion of former military reservations into alternative productive uses.
“Showcasing Camp John Hay’s scenic landscape full of pine trees, rich flora and fauna, and peaceful residential neighborhood, the VOA Estate is the ideal place for individuals and families looking for nice vacation or retirement homes, or corporations looking for housing for their executives and staff. With the opening of this bidding, interested parties may now get the opportunity to lease these prime properties,” said BCDA president and chief executive officer engineer Joshua M. Bingcang.
Accessible through Loakan Road, the VOA log homes are located north of the John Hay Special Economic Zone (JHSEZ).
The properties were constructed in 2000 on BCDA-owned land within JHSEZ and underwent renovation in 2022.
Each unit has a uniform floor area of 590 square meters, complete with basic amenities, such as master and guest rooms, bathroom, living and dining areas, kitchen, balcony, and a garage.
These are also furnished with fireplaces, saunas, and bathtubs fit for Baguio City’s cold weather.
Eligible bidders include individuals, cooperatives, or corporations that are duly registered under the Dept. of Trade and Industry (DTI), Cooperatives Development Authority (CDA) or the Securities and Exchanges Commission.
As part of their joint assets disposition program, the BCDA and JHMC are offering Units 3, 9, and 20A of VOA log homes for a lease period of 25 or 50 years, with a minimum bid price of P2.51 million for the initial one-year lease of each property.
This disposition is carried out pursuant to Republic Act 7227, which mandates the BCDA to accelerate sound and balanced conversion of former military reservations into alternative productive uses.
“Showcasing Camp John Hay’s scenic landscape full of pine trees, rich flora and fauna, and peaceful residential neighborhood, the VOA Estate is the ideal place for individuals and families looking for nice vacation or retirement homes, or corporations looking for housing for their executives and staff. With the opening of this bidding, interested parties may now get the opportunity to lease these prime properties,” said BCDA president and chief executive officer engineer Joshua M. Bingcang.
Accessible through Loakan Road, the VOA log homes are located north of the John Hay Special Economic Zone (JHSEZ).
The properties were constructed in 2000 on BCDA-owned land within JHSEZ and underwent renovation in 2022.
Each unit has a uniform floor area of 590 square meters, complete with basic amenities, such as master and guest rooms, bathroom, living and dining areas, kitchen, balcony, and a garage.
These are also furnished with fireplaces, saunas, and bathtubs fit for Baguio City’s cold weather.
Eligible bidders include individuals, cooperatives, or corporations that are duly registered under the Dept. of Trade and Industry (DTI), Cooperatives Development Authority (CDA) or the Securities and Exchanges Commission.
The terms of reference
for the bidding was set for purchase starting August 29, 2023.
A pre-bid conference and
site tour is scheduled on September 14, 2023, at 10 a.m. in Camp John
Hay.
Participants may submit
bid documents containing eligibility documents and financial proposals until 12
p.m. on Oct. 10, 2023 at the BCDA Corporate Center in Bonifacio Global City,
Taguig.
The winning bidder has
the option to pay the full amount of the winning bid for the present value of
the 25- or 50-year leasehold rights over the unit.
They may also opt to pay
in installment, with at least 20 percent of the winning bid as non-refundable
down payment.
The balance may be
amortized for a period of five years, 10 years, or 15 years, with an interest
rate per annum or six percent, eight percent, or 10 percent, respectively.
For inquiries, interested
bidders may directly contact the BCDA and JHMC Joint Asset Disposition
Committee Secretariat at jhsez_jointadpcom@bcda.gov.ph or the BCDA Business
Development Department at bdd@bcda.gov.ph.
Participants may also contact (632) 8575-1700 or (632) 8816-0996.
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