Foreclosed Condo Unit for Sale in Mactan Plains Residences, Lapu-Lapu City, Cebu (Unit 510)

This foreclosed condominium unit is in Mactan Plains Residences, Barangay Mactan, Lapu-Lapu City, Cebu, and Pag-IBIG Fund is offering it through negotiated sale. It is Unit 510, on the 5th floor. The unit measures 25.24 sqm.

The minimum selling price is set at ₱3,382,200 (roughly ₱134,002 per sqm of floor area). Having gone unsold at public auction, it is sold at a fixed price on a first-come, first-served basis. Pag-IBIG labels this stage "up to 45% discount", depending on the mode of payment and the mode of sale. The published offer window is Oct 17 to Oct 23, 2026, closing at 11:59 PM Philippine time, followed by the opening of offers on Oct 27, 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. 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 ₱56,393 for a 30-year Pag-IBIG housing loan covering the full price, which implies a monthly amortization of about ₱19,738. Pag-IBIG's Cebu Housing Hub is the handling office.