Foreclosed Condo Unit for Sale in Saekyung Village I, Lapu-Lapu City, Cebu (Unit B3-1004)

Through the 1st public auction, Pag-IBIG Fund is selling this foreclosed condominium unit in Saekyung Village I, Barangay Marigondon, Lapu-Lapu City, Cebu. The listing is for Unit B3-1004 on the 10th floor. It has a floor area of 24 sqm.

The minimum bid price is ₱1,532,900, about ₱63,871 per sqm of floor area. Bidding is sealed. Every offer must meet the minimum bid price, the highest qualified offer wins when the bids are opened, and there is no discount at this stage. The published offer window is Oct 26 to Oct 30, 2026, closing at 11:59 PM Philippine time, followed by the bid opening on Nov 3, 2026 at 9:00 AM.

Its occupancy status is "occupied/closed", so plan for possible occupants, who are the buyer's responsibility. The title is under consolidation, so it is still being transferred to Pag-IBIG Fund's name. 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.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱25,559, according to Pag-IBIG, because the amortization of about ₱8,946 a month may not exceed 35% of income. A bigger down payment, or paying in cash, lowers that requirement. The handling office is Pag-IBIG's Cebu Housing Hub.