Foreclosed Condo Unit for Sale in Saekyung Village One Phase III, Lapu-Lapu City, Cebu (Unit B305-711)

This foreclosed condominium unit is in Saekyung Village One Phase III, Barangay Marigondon, Lapu-Lapu City, Cebu, and Pag-IBIG Fund is offering it through the 1st public auction. The listing is for Unit B305-711 on the 7th floor. It has a floor area of 22 sqm.

The minimum bid price is set at ₱2,124,400 (roughly ₱96,564 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 offer period was set for Oct 19 to Oct 23, 2026, closing at 11:59 PM Philippine time, with the bid opening on Oct 26, 2026 at 9:00 AM.

According to Pag-IBIG's record, the unit is unoccupied. 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.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱35,421, according to Pag-IBIG, because the amortization of about ₱12,397 a month may not exceed 35% of income. A bigger down payment, or paying in cash, lowers that requirement. Pag-IBIG's Cebu Housing Hub is the handling office.