Foreclosed Condo Unit for Sale in Bayanihan Flats Mactan, Lapu-Lapu City, Cebu (Unit 5309)

This condominium unit is a Pag-IBIG Fund foreclosed property in Bayanihan Flats Mactan, Barangay Maribago, Lapu-Lapu City, Cebu, offered through the 2nd public auction. It is Unit 5309, on the 3rd floor. The unit measures 18.62 sqm.

The minimum bid price is ₱1,955,700, about ₱105,032 per sqm of floor area. The 2nd public auction follows a 1st auction with no winning bid. Offers are sealed, the highest qualified offer wins at the bid opening, and Pag-IBIG gives up to 30% discount, depending on the mode of payment. Offers were scheduled from Oct 12 until 11:59 PM on Oct 16, 2026 (Philippine time); the bid opening was set for Oct 21, 2026 at 9:00 AM.

It is listed as occupied, and dealing with any occupants is the buyer's responsibility. Its title is still under consolidation, meaning the transfer to Pag-IBIG Fund's name is not yet complete. Like all Pag-IBIG acquired assets, it is sold as-is, where-is: inspect it first and budget for repairs and any unpaid condominium dues.

Pag-IBIG puts the required gross monthly income at ₱32,608 for a 30-year Pag-IBIG housing loan covering the full price, which implies a monthly amortization of about ₱11,413. Paying part of the price in cash or making a bigger down payment lowers the income you need. The handling office is Pag-IBIG's Cebu Housing Hub.