Foreclosed Duplex House and Lot for Sale in Cielito Homes Subdivision, Caloocan, Metro Manila (Lot 15 Blk 02)

This foreclosed duplex house with eaves is in Cielito Homes Subdivision, Barangay 177, Caloocan, Metro Manila, and Pag-IBIG Fund is offering it through the 2nd public auction. The listing is for Lot 15 Blk 02. The record shows a floor area of 36 sqm on a 130-sqm lot.

At ₱2,404,080, the minimum bid price works out to about ₱66,780 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 12 until 11:59 PM on Oct 16, 2026 (Philippine time); the bid opening was set for Oct 21, 2026 at 9:00 AM.

The house is occupied, according to Pag-IBIG, so factor in the time and cost of dealing with the occupants. The title is already in the name of the Home Development Mutual Fund (HDMF), Pag-IBIG's legal name. Like all Pag-IBIG acquired assets, it is sold as-is, where-is: inspect it first and budget for repairs and any unpaid association dues.

Pag-IBIG puts the required gross monthly income at ₱40,084 for a 30-year Pag-IBIG housing loan covering the full price, which implies a monthly amortization of about ₱14,030.