Foreclosed Condo Unit for Sale in Saekyung Village I, Lapu-Lapu City, Cebu (Unit B302-1407)

This condominium unit is a Pag-IBIG Fund foreclosed property in Saekyung Village I, Barangay Marigondon, Lapu-Lapu City, Cebu, offered through the 1st public auction. The record lists it as Unit B302-1407 on the 14th floor. Its floor area is 22 sqm.

At ₱2,228,200, the minimum bid price works out to about ₱101,282 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.

The unit is occupied, according to Pag-IBIG, so factor in the time and cost of dealing with the occupants. The title is under consolidation, so it is still being transferred to Pag-IBIG 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.

Pag-IBIG puts the required gross monthly income at ₱37,152 for a 30-year Pag-IBIG housing loan covering the full price, which implies a monthly amortization of about ₱13,003. A bigger down payment, or paying in cash, lowers that requirement. Pag-IBIG's Cebu Housing Hub is the handling office.