Foreclosed Condo Unit for Sale in Saekyung Village I, Lapu-Lapu City, Cebu (Unit B3-617)

This condominium unit is a Pag-IBIG Fund foreclosed property in Saekyung Village I, Barangay Marigondon, Lapu-Lapu City, Cebu, offered through the 2nd public auction. The record lists it as Unit B3-617 on the 6th floor. Its floor area is 24 sqm.

The minimum bid price is set at ₱1,696,860 (roughly ₱70,703 per sqm of floor area). The 2nd public auction follows a 1st auction with no winning bid. Offers are sealed, the highest qualified offer wins at the bid opening, and Pag-IBIG gives up to 30% discount, depending on the mode of payment. The published offer window is Oct 12 to Oct 16, 2026, closing at 11:59 PM Philippine time, followed by the bid opening on 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 ₱28,293, according to Pag-IBIG, because the amortization of about ₱9,902 a month may not exceed 35% of income. Pag-IBIG's Cebu Housing Hub is the handling office.