Foreclosed Condo Unit for Sale in Urban Deca Homes Banilad, Mandaue City, Cebu (Unit 455)

This condominium unit is a Pag-IBIG Fund foreclosed property in Urban Deca Homes Banilad, Barangay Banilad, Mandaue City, Cebu, offered through the 2nd public auction. It is Unit 455, on the 4th floor. The unit measures 30.6 sqm.

At ₱3,211,200, the minimum bid price works out to about ₱104,941 per sqm of floor area. The 2nd public auction follows a 1st auction with no winning bid. Offers are sealed, the highest qualified offer wins at the bid opening, and Pag-IBIG gives up to 30% discount, 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.

The unit is occupied, according to Pag-IBIG, so factor in the time and cost of dealing with the occupants. 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.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱53,542, according to Pag-IBIG, because the amortization of about ₱18,740 a month may not exceed 35% of income. Pag-IBIG's Cebu Housing Hub handles the sale.