Foreclosed Condo Unit for Sale in Urban Deca Homes Banilad, Mandaue City, Cebu (Unit 1007)

This foreclosed condominium unit is in Urban Deca Homes Banilad, Barangay Banilad, Mandaue City, Cebu, and Pag-IBIG Fund is offering it through the 2nd public auction. The listing is for Unit 1007 on the 10th floor. It has a floor area of 30.6 sqm.

At ₱3,441,060, the minimum bid price works out to about ₱112,453 per sqm of floor area. With no winning bid in the 1st auction, the property went back to sealed bidding, where the highest qualified offer wins at the bid opening. The discount at this stage is up to 30%, depending on the mode of payment. Offers were scheduled from Oct 19 until 11:59 PM on Oct 23, 2026 (Philippine time); the bid opening was set for Oct 28, 2026 at 9:00 AM.

The record marks the unit as occupied; any occupants are for the buyer to deal with. Pag-IBIG's remarks list the title as under consolidation, which means it is not yet in the 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.

The required gross monthly income for this unit is ₱57,375, based on a 30-year Pag-IBIG housing loan for the full price; that points to an amortization of about ₱20,081 a month.