Foreclosed Condo Unit for Sale in Bayanihan Flats Mactan, Lapu-Lapu City, Cebu (Unit 1205)

Through the 1st public auction, Pag-IBIG Fund is selling this foreclosed condominium unit in Bayanihan Flats Mactan, Barangay Maribago, Lapu-Lapu City, Cebu. It is Unit 1205, on the 2nd floor. The unit measures 18.62 sqm.

The minimum bid price is ₱2,173,000, about ₱116,702 per sqm of floor area. A 1st public auction listing carries no discount: sealed offers must meet the minimum bid price, and the highest qualified offer wins at the bid opening. The offer period was set for Oct 26 to Oct 30, 2026, closing at 11:59 PM Philippine time, with the bid opening on Nov 3, 2026 at 9:00 AM.

The record marks the unit as occupied; any occupants are for the buyer to deal with. Its title is still under consolidation, meaning the transfer to Pag-IBIG Fund's name is not yet complete. 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.

Pag-IBIG puts the required gross monthly income at ₱36,232 for a 30-year Pag-IBIG housing loan covering the full price, which implies a monthly amortization of about ₱12,681. Paying in cash or putting more money down reduces the income needed to qualify. The handling office is Pag-IBIG's Cebu Housing Hub.