The Financial Institutions Association of Bhutan (FIAB) hereby announces that the following common properties of various Financial Institutions of Bhutan will be sold in an open auction on 20th January 2026 at 10:30 AM in the Bhutan National Bank Limited (BNBL) conference hall (4th Floor), BNBL Corporate Building, Chubachu, Thimphu on “AS IS WHERE IS BASIS”.
List of Immovable Properties:
| SL. No | Property Details | Tharm NO. | Plot No. | Location | Focal Person No. |
|---|---|---|---|---|---|
| 1 | Land 25,309.00 sq ft | 295 | PGT-485 | Ahalay, Phuntsholing | 17715036/ 17401891 |
| 2 | Land 8,172.00 sq ft | 3264 | PGT-3702 | Pekarzhing, Phuntsholing | 17715036/ 17401891 |
| 3 | Land 5,227.20 sq ft | 1547 | PGT-1208 | Dhamdara, Phuntsholing | 17715036/ 17401891 |
| 4 | Land (11.5 Decimal) with Duplex | 964 | PLN- 4799 | Toribare, Phuntsholing | 17715036/ 17401891 |
| 5 | Land 31,363.00 sq ft | 1435 | PGT-1030 | Pekarzhing, Phuntsholing | 17715036/ 17401891 |
| 6 | Land 3,964.00 sq ft | 1423 | PGT-1003 | Pekarzhing, Phuntsholing | 17715036/ 17401891 |
| 7 | Land 85 Decimal | 2564 | PLN-4605 | Ramitey, Abutting Highway, Phuntsholing | 17715036/ 17401891 |
| 8 | Land 53 Decimal | 2337 | PLN-8270 | Marbji, Phuntsholing | 17715036/ 17401891 |
| 9 | Land 10,890.00 sq ft | 2014 | PGT-2437 | Kabrayter, Phuntsholing | 17715036/ 17401891 |
| 10 | Land 210.6 Decimal | 2541 | PLN-7410 | Pachu, Phuntsholing | 17715036/ 17401891 |
| 11 | Land 9,967.00 sq ft | 119 | PGT-1714 | Kabreytar, Phuntsholing | 17715036/ 17401891 |
| 12 | Land 141.7 Decimal | 2212 | PLN-4992 | Chechuri Botey, Phuntsholing | 17772186 |
| 13 | Land 200 Decimal | 2338 | PLN-8271 | Mainapakha, Phuntsholing | 17772186 |
| 14 | Land 600 Decimal | 2339 | PLN-8272 | Pakhasgain, Phuntsholing | 17772186 |
| 15 | Land 100 Decimal | 2352 | PLN-6738 | Tagayna, Phuntsholing | 17772186 |
| 16 | Land 101,495 sq ft | 1589 | PGT-1265 | Pekarzhing, Phutsholing | 17772186 |
| 17 | Land 3,964.00 sq ft | 1443 | PGT-1045 | Pekarzhing, Phutsholing | 17772186 |
| 18 | Land 13 Decimal | 85 | PLN-3245 | Gharbare, Phuntsholing | 17160482 |
| 19 | Land 300 Decimal | 2378 | PLN-3026 | Marbji, Phuntsholing | 17160482 |
| 20 | Land 21,780.00 sq ft | 2141 | PGT-1044 | Pekarzhing, Phuntsholing | 17160482 |
| 21 | Land 200 Decimal | 2349 | PLN-8276 | Pakhasbare, Phuntsholing | 17160482 |
| 22 | Land 300 Decimal | 2358 | PLN-8279 | Pakhaslosey, Phuntsholing | 17160482 |
| 23 | Land 102 Decimal | 2341 | PLN-2859 | Chilaunai, Phuntsholing | 17160482 |
| 24 | Land 27,480.00 sq ft | 255 | PGT-2205 | Ahalay, Phuntsholing | 17997473 |
| 25 | Land 135,347.00 sq ft | 255 | PGT-4215 | Ahalay, Phuntsholing | 17997473 |
| 26 | Land 10,505.00 sq ft | 2148 | PGT-2848 | Rinchending, Phuntsholing | 17997473 |
| 27 | Land 11,275.00 sq ft | 2148 | PGT-2206 | Rinchending, Phuntsholing | 17997473 |
| 28 | Land 30.6 Decimal | 2305 | PLN-8233 | Ramitey, Phuntsholing | 17997473 |
| 29 | Land 14 Decimal | 253 | PLN-1230 | Dhobandangra, Phuntsholing | 77296386 |
| 30 | Land 28.2 Decimal | 253 | PLN-1234 | Dhobandangra, Phuntsholing | 77296386 |
| 31 | Land 13.3 Decimal | 253 | PLN-1238 | Dhobandangra, Phuntsholing | 77296386 |
| 32 | Land 61.6 Decimal | 253 | PLN-1264 | Dhobandangra, Phuntsholing | 77296386 |
| 33 | Land 140 Decimal | 592 | LOG-1767 | Piblidangra, Logchina, Chukha | 17532794 |
| 34 | Land 60.7 Decimal | 592 | LOG-2121 | Piblidangra, Logchina, Chukha | 17532794 |
| 35 | Land 85 Decimal | 592 | LOG-1769 | Piblidangra, Logchina, Chukha | 17532794 |
| 36 | Land 333.4 Decimal | 677 | LOG-915 | Piblidangra, Logchina, Chukha | 17532794 |
| 37 | Land 46.2 Decimal | 611 | LOG-1126 | Piblidangra, Logchina, Chukha | 17532794 |
| 38 | Land 18.8 Decimal | 611 | LOG-3474 | Piblidangra, Logchina, Chukha | 17532794 |
| 39 | Land 30 Decimal | 611 | LOG-3556 | Piblidangra, Logchina, Chukha | 17532794 |
| 40 | Land 19 Decimal | 611 | LOG-1770 | Piblidangra, Logchina, Chukha | 17532794 |
| 41 | Land 10 Decimal | 610 | LOG-3555 | Piblidangra, Logchina, Chukha | 17532794 |
| 42 | Land 222.9 Decimal | 404 | LOG-2525 | Bangsigari, Logchina, Chukha | 17532794 |
List of Movable Properties:
| SL. No | Property Details | Type | Registration No. | Location | Condition | Focal Person |
|---|---|---|---|---|---|---|
| 1 | DCM Truck | Eicher Pro | BP-2-B0130 | Toorsa, BNBL auction yard, Phuntsholing | Off Road | 17160482 |
| 2 | DCM Truck | Eicher Pro | BP-2-B0128 | Toorsa,BNBL auction yard, Phuntsholing | Off Road | 17160482 |
AUCTION TERMS AND CONDITIONS
- All interested bidders are requested to physically inspect the properties (Both Movable and Immovable) prior to the auction by contacting the respective focal persons for any
- All Interested bidders must fill up the registration form and register before 10:00 AM on the day of the Auction and avail a token for bidding.
- Any person or group of persons interested to purchase the property from the auction may be represented by a proxy bidder who may register on behalf of the interested principal buyer or group of buyers with a valid power of attorney or authorization letter from the interested principal buyer. Such a bidder representing the interested buyers or group of buyers shall be required to fill in and sign a prescribed proxy form available on the website (https://fiab.bt).
- A person without a token shall not be allowed to bid during the
- A Registration fee of 300/- (non-refundable) with an Earnest Money Deposit (EMD) of Nu. 25,000.00 (Twenty-Five Thousand) must be deposited in cash/online payment th time of registration on the day of the auction by each interested bidder.
- A token number to each bidder shall be issued upon payment of the registration/entry fee and the EMD on the day of the auction before the time set to enable the bidder to participate in the auction.
- For each token, a bidder can bring a maximum of two other individuals (engineer/ advisor, etc. for consultative purpose only) upon payment of stipulated registration/entry fee per However, only the bidder in whose name or his/her representative holding a valid token can participate in the bidding process.
- The highest bidder whose bid amount is equal to more than the reserve price shall be declared the successful bidder by the Auction Committee. The highest successful bidders shall not be allowed to retract their bid(s) and all sales will be considered as final and
- For every successful bid, the successful bidder is required to make a payment of 25% of the bid amount by cash/online payment on the day of the auction upon fall of the hammer. The balance amount of 75% of the bid amount must be paid within 10 working days from the date of auction and take delivery or possession of the
- The EMD of Nu. 25,000.00 (Ngultrums Twenty-Five thousand) by the highest successful bidder shall be retained until the auction is completed as security for subsequent bids to be offered in respect of the remaining properties on On completion of the auction, the EMD of the highest successful bidder shall be adjusted against the auction value of properties won by the highest successful bidder.
- EMD of unsuccessful bidders shall be refunded within twenty-four hours or on the next working day following the auction day.
- The highest successful bidder must make the full payment to take delivery or possession of the property.
- All applicable renewal fee/ownership transfer tax and charges payable to the relevant agency or authority shall be borne by the highest successful bidder.
- The highest successful bidder whose bid is accepted by the Auction committee shall take delivery/lift the properties at his/her own cost within 10 (ten) working days from the date of the auction upon payment of the full bid price.
- The successful bidder will not be entitled to possession of the properties purchased until the full bid amount has been fully paid and adjusted.
- In case the highest bidder withdraws the bid or does not take delivery or possession of the properties or is not able to pay the full bid price as required within timeline specified above, his/her EMD and/or any advance payments shall be forfeited, and the second highest bidder may be given an option to purchase the property at the highest bid amount, and if the second highest bidder opts not to purchase, the property shall be re-auctioned.
- The Auction Committee shall reserve the right to withdraw from the sale of all or any property at any time before the auction date or before the fall of the
- The Auction Committee reserves the right to accept or reject all or any bids on the spot or at any subsequent date without assigning any reasons thereof, and in the event of dispute regarding the auction, the decision of the Auction Committee shall be final and
- The bidders shall be deemed to have physically inspected the property to their full satisfaction before making their bid(s) and unless specified otherwise all moveable properties shall be auctioned on as is where is basis.
- A bidder shall not resort to any syndication or commit any fraud prior or during the auction in connection with the aforesaid Any bidder/person suspected of syndication or fraud shall be disqualified from participation in the auction and the EMD of Nu. 25,000.00 (Twenty-Five Thousand) shall be forfeited and the matter shall be dealt in accordance with relevant laws of the Kingdom of Bhutan.
For any details on the venue and proxy form, please contact 02-332906 during the office hour and for the properties listed, please contact the respective focal persons.
