Foreclosed Condo Unit for Sale in Saekyung 956, Lapu-Lapu City, Cebu (Unit B1-728)

This foreclosed condominium unit is in Saekyung 956, Barangay Looc, Lapu-Lapu City, Cebu, and Pag-IBIG Fund is offering it through the 2nd public auction. It is Unit B1-728, on the 7th floor. The unit measures 27 sqm.

The minimum bid price is set at ₱1,886,760 (roughly ₱69,880 per sqm of floor area). It reached the 2nd public auction after the 1st auction ended without a winning bid. Bidding is sealed again, and Pag-IBIG labels this stage "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.

The record marks the unit "occupied/closed", so plan for the possibility of occupants. Pag-IBIG's remarks list the title as under consolidation, which means it is not yet in the Fund's name. 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.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱31,459, according to Pag-IBIG, because the amortization of about ₱11,011 a month may not exceed 35% of income. Pag-IBIG's Cebu Housing Hub handles the sale.