Foreclosed Condo Unit for Sale in Saekyung Village I, Lapu-Lapu City, Cebu (Unit B1-604)

Through the 2nd public auction, Pag-IBIG Fund is selling this foreclosed condominium unit in Saekyung Village I, Barangay Marigondon, Lapu-Lapu City, Cebu. The record lists it as Unit B1-604 on the 6th floor. Its floor area is 60.5 sqm.

The minimum bid price is ₱3,185,370, about ₱52,651 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. The offer period was set for Oct 12 to Oct 16, 2026, closing at 11:59 PM Philippine time, with the bid opening on Oct 21, 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 ₱53,111 for a 30-year Pag-IBIG housing loan covering the full price, which implies a monthly amortization of about ₱18,589. The handling office is Pag-IBIG's Cebu Housing Hub.