SEALED BIDDING FAQ's

What is Ichiban’s Sealed Bidding Process:

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- Minimum Bid Amount for each unit is shown Online and Onsite.

- Inspection Dates and Bidding Schedule will be announced.

- All Sealed Bids will be opened Onsite in front of Bidders present and Online thru Livestream.

- Bidders with the highest Bid Amount shall be declared as the winner for each unit.

- In case of TIE-BID, Ichiban's Sales Team will call those particular bidders and allow them to offer the next higher bid amount and will be shown on Livestream.

How to register?

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A. Fill out our Registration Form. Click Here

B. Email to us the completed Registration Form together with 1 Copy of Government Valid Passport or Driver's License.

C. PHP 100,000 deposit is Mandatory:
Either make inter-branch Deposit or pay Onsite upon inspection. Such Deposit is Refundable or Deductible from the Total Bid Amount.

D. Upon validation of items B & C, you will be given a unique Bidder Number to join our Sealed Auction. For Online Access, a unique login details will be emailed to each registered bidder.

Can I inspect the unit?

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- Yes, we highly recommend inspection of all Units that you want.

- Inspection Dates will be announced.

- Our staff will assist all Buyers and Mechanics.

How do I pullout the unit?

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- Each winning Bidder will receive a Statement of Account, showing Winning Bid Amount less PHP 100,000 deposit.

- Payment should be by Bank Manager's Check or Inter-Branch Deposit to our Account. At present, CASH PAYMENT upon pull-out can be accepted but highly discouraged.

Payment thru Bank Financing?

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Yes, we can accept this Transaction but details should be discussed and Approved by Ichiban upon Registration.