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

Through the 2nd public auction, Pag-IBIG Fund is selling this foreclosed condominium unit in Bayanihan Flats Mactan, Barangay Pajac, Lapu-Lapu City, Cebu. The unit is on the 3rd floor. Its floor area is 37.24 sqm.

At ₱3,851,010, the minimum bid price works out to about ₱103,411 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. It is sold as-is, where-is, so visit the unit and set aside money for repairs and any unpaid condominium dues before you offer.

The required gross monthly income for this unit is ₱64,210, based on a 30-year Pag-IBIG housing loan for the full price; that points to an amortization of about ₱22,473 a month. The handling office is Pag-IBIG's Cebu Housing Hub.