Foreclosed Condo Unit for Sale in Urban Deca Homes Banilad, Mandaue City, Cebu (Unit 440)

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 record lists it as Unit 440 on the 4th floor. Its floor area is 43.1 sqm.

At ₱4,122,630, the minimum bid price works out to about ₱95,653 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. 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 28, 2026 at 9:00 AM.

It is listed as occupied, and dealing with any occupants is the buyer's responsibility. The title is under consolidation, so it is still being transferred to Pag-IBIG 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 ₱68,739, based on a 30-year Pag-IBIG housing loan for the full price; that points to an amortization of about ₱24,059 a month. The handling office is Pag-IBIG's Cebu Housing Hub.