Foreclosed Condo Unit for Sale in Bayanihan Flats Mactan, Lapu-Lapu City, Cebu (Unit 2212)

This condominium unit is a Pag-IBIG Fund foreclosed property in Bayanihan Flats Mactan, Barangay Pajac, Lapu-Lapu City, Cebu, offered through negotiated sale. The record lists it as Unit 2212 on the 2nd floor. Its floor area is 18.62 sqm.

The minimum selling price is ₱2,139,400, about ₱114,898 per sqm of floor area. Negotiated sale is for properties that went unsold at public auction: they are sold at a fixed price, first come, first served, with a discount of up to 45% depending on the mode of payment and the mode of sale. The published offer window is Oct 10 to Oct 16, 2026, closing at 11:59 PM Philippine time, followed by the opening of offers on Oct 21, 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 ₱35,671, according to Pag-IBIG, because the amortization of about ₱12,485 a month may not exceed 35% of income.