Foreclosed Condo Unit for Sale in Arezzo Place (Bldgs 22 & 23), Cainta, Rizal (Unit 4-B)

This foreclosed condominium unit is in Arezzo Place (Bldgs 22 & 23), Barangay San Juan, Cainta, Rizal, and Pag-IBIG Fund is offering it through the 2nd public auction. The listing is for Unit 4-B. It has a floor area of 30.6 sqm.

At ₱3,473,370, the minimum bid price works out to about ₱113,509 per sqm of floor area. With no winning bid in the 1st auction, the property went back to sealed bidding, where the highest qualified offer wins at the bid opening. The discount at this stage is up to 30%, depending on the mode of payment. Offers were scheduled from Oct 19 until 11:59 PM on Oct 23, 2026 (Philippine time); the bid opening was set for Oct 28, 2026 at 9:00 AM.

The unit is occupied, according to Pag-IBIG, so factor in the time and cost of dealing with the occupants. The title is under consolidation, so it is still being transferred to Pag-IBIG Fund's name. The sale is as-is, where-is, which leaves repairs and any unpaid condominium dues to the buyer, so inspect the unit before making an offer.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱57,913, according to Pag-IBIG, because the amortization of about ₱20,270 a month may not exceed 35% of income.