Foreclosed Condo Unit for Sale in Bayanihan Flats - Orchard Drive, Cebu City, Cebu (Units 2211 & 2212)

Through the 2nd public auction, Pag-IBIG Fund is selling this foreclosed condominium unit in Bayanihan Flats - Orchard Drive, Barangay Binaliw, Cebu City, Cebu. It covers Units 2211 and 2212 on the 2nd floor, sold together as one listing. For both together, the record gives a floor area of 37.74 sqm.

The minimum bid price is ₱3,752,100, about ₱99,420 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. The offer period was set for Oct 19 to Oct 23, 2026, closing at 11:59 PM Philippine time, with the bid opening on Oct 28, 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. 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.

The required gross monthly income for this unit is ₱62,561, based on a 30-year Pag-IBIG housing loan for the full price; that points to an amortization of about ₱21,896 a month.