Foreclosed Condo Unit for Sale in Urban Deca Homes Banilad, Mandaue City, Cebu (Unit 407)

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. It is Unit 407, on the 4th floor. The unit measures 43.1 sqm.

At ₱4,313,880, the minimum bid price works out to about ₱100,090 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.

It is listed as occupied, and dealing with any occupants is the buyer's responsibility. Pag-IBIG's remarks list the title as under consolidation, which means it is not yet in the Fund's name. It is sold as-is, where-is, so visit the unit and set aside money for repairs and any unpaid condominium dues before you offer.

Pag-IBIG puts the required gross monthly income at ₱71,928 for a 30-year Pag-IBIG housing loan covering the full price, which implies a monthly amortization of about ₱25,175. Pag-IBIG's Cebu Housing Hub is the handling office.