Foreclosed Condo Unit for Sale in Urban Deca Homes Banilad, Mandaue City, Cebu (Unit 1408)

This condominium unit is a Pag-IBIG Fund foreclosed property in Urban Deca Homes Banilad, Barangay Banilad, Mandaue City, Cebu, offered through negotiated sale. The record lists it as Unit 1408 on the 14th floor. Its floor area is 30.6 sqm.

The minimum selling price is ₱3,686,500, about ₱120,474 per sqm of floor area. Negotiated sale is for properties that went unsold at public auction: they are sold at a fixed price, first come, first served, with a discount of up to 45% depending on the mode of payment and the mode of sale. The offer period was set for Oct 24 to Oct 30, 2026, closing at 11:59 PM Philippine time, with the opening of offers on Nov 3, 2026 at 9:00 AM.

According to Pag-IBIG's record, the unit is unoccupied. Its title is still under consolidation, meaning the transfer to Pag-IBIG Fund's name is not yet complete. 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 ₱61,467, according to Pag-IBIG, because the amortization of about ₱21,513 a month may not exceed 35% of income. Pag-IBIG's Cebu Housing Hub handles the sale.