No. RICB/CO/GAD-Auction/2025/1529
October 23, 2025
NOTICE INVITING SEALED BIDS
The Royal Insurance Corporation of Bhutan Limited is announcing a public auction of seized properties through a sealed bid process. Interested parties are invited to submit their sealed bids for the following properties on “AS IS WHERE IS BASIS”.
SN Type of Property Area (Dec) Thram No Plot No Location Rural/ Urban Floor Price
1 Land, 2 storeyed building & bungalow 36 57 SP1-115 Sarpang Throm, Sarpang Urban 6,007,000.00
2 Land 60 3040 PLN-9111 Phuentsholing, Chukha Rural 544,000.00
3 Land 34 3040 PLN-9177 Phuentsholing, Chukha Rural 308,000.00
4 Land 16.0 1933 PGT-2173 Pasakha, Chukha Urban 4,920,000.00
5 Land 50 588 GNY-1754 Geneykha, Thimphu Rural 6,210,000.00
6 Land 17.9 1271 NAN-1734 Nanong, Pemagatshel Rural 40,000.00
7 Land 124 1271 NAN-4917 Nanong, Pemagatshel Rural 275,000.00
8 Land 14.5 1271 NAN-4918 Nanong, Pemagatshel Rural 33,000.00
9 Land and Building 15.75 2647 CZ1-914 Changzamtok, Thimphu Urban 80,000,000.00
10 Land 17.67 3313 SM1-301 Semtokha, Thimphu Urban 40,000,000.00
11 Land 18.04 2279 GT1-2838 Gelephu, Sarpang Urban 13,500,000.00
12 Land 100 2483 BHA-5691 Samphelling, Chukha Rural 1,084,000.00
13 Land 100 2483 BHA-6118 Samphelling, Chukha Rural 1,084,000.00
14 Land 100 2483 BHA-6119 Samphelling, Chukha Rural 1,084,000.00
15 Land 100 2483 BHA-6120 Samphelling, Chukha Rural 1,084,000.00
16 Land 100 2483 BHA-6121 Samphelling, Chukha Rural 1,084,000.00
17 Land 100 2483 BHA-6122 Samphelling, Chukha Rural 1,084,000.00
18 Land 590 918 PLN-4295 Sorchen, Chukha Rural 5,417,000.00
19 land and Building 20.7 291 GAG-2631 Gangtey, Wanngdi Rural 16,500,000.00
20 Land 80.2 550 PLN-3344 Phuentsholing, Chukha Rural 8,155,000.00
21 Land 10.2 550 PLN-3348 Phuentsholing, Chukha Rural 1,070,000.00
22 Land 267.8 533 BHA-673 Samphelling, Chukha Rural 32,486,000.00
23 Land 24.1 533 BHA-4122 Samphelling, Chukha Rural 2,932,000.00
24 Land 305 3254 LEO-5163 Dekiling, Sarpang Rural 19,008,000.00
25 Land 47.8 3254 LEO-5167 Dekiling, Sarpang Rural 2,981,000.00
The Bid must accompany the following:
1. Earnest Money Deposit: Nu. 10,000.00 (Ngultrum Ten Thousand)
2. The bidding documents can be downloaded from RICBL website.
3. Ensure that your bid is placed in a sealed envelope.
4. Submit your bid to any of the RICBL Branch Offices addressed to:
The Chairman,
Auction Committee
RICBL, Thimphu.
5. Bids will be reviewed after the deadline, and successful bidders will be notified accordingly.
6. Last date of submission of sealed bids is on November 07, 2025, before 12:00 PM.
7. Opening date of the sealed bids begins from 10.30 AM on November 10, 2025 in the RICBL Conference Hall, Thimphu and respective Branch Offices.
8. For more details on the properties or bidding process, please contact Mr. Thukjey Nidup at 17361938 or Mr. Rinzin Namgay at 17772186.