Notice of Land Sale in Yap State

FSM Development Bank offers for sale fee simple title to the following parcels:

Parcel no. 019-H-12, locally called Fitmeyan, situated in Yinuf Village, Rull Municipality, consisting of 2,361 square meters, more or less, as shown on Cadastral plat no. 019-H-00;

and

Parcel no. 082-H-01, locally called Fitemachey, situated in Dachngar, Rull Municipality, consisting of 2,916 square meters, more or less, as shown on Cadastral plat no. 082-H-00;

and

Parcel no. 082-H-03, locally called Muut Nu Fitemachey, situated in Dachngar, Rull Municipality, consisting of approximately 1,274 square meters, more or less, as shown on Cadastral plat no. 082-H-00;

and

Parcel no. 083-H-07, locally called Muut, situated in Dachngar, Rull Municipality, consisting of 135 square meters, more or less, as shown on Cadastral plat no. 083-H-00.

  • Offerors may submit written offers for any or all parcels.
  • Deadline to submit offers is Tuesday, January 31, 2017.
  • Offers shall be submitted in writing by personal delivery to any FSM Development Bank office. Offers may also be submitted by email to Nora E Sigrah, Legal Counsel at:  noras@fsmdb.fm
  • All offers must state the full name, address, phone number, e-mail address or other valid contact information for the person submitting the offer.
  • All offers must clearly state in writing the amount offered for each parcel.
  • The Offeror whose offer the FSM Development Bank accepts in writing must then pay the full amount of the offer within ten (10) calendar days to the Bank.
  • FSM Development Bank will then convey fee simple land title through deeds of conveyance. Persons must be eligible to hold title to land in the Federated States of Micronesia.
  • FSM Development Bank offers the parcels “as-is” and neither guarantees nor warrants their condition whatsoever.
  • FSM Development Bank reserves its right to reject any and all offers.
  • Questions concerning this sale may be directed to Nora E Sigrah, Legal Counsel, email: noras@fsmdb.fm , FSM Development Bank, PO Box M, Pohnpei, FM  96941, phone no. 691-320-2840, website: www.fsmdb.fm