Foreclosed Lot for Sale in Island Hills Village Resort - Sto Nino, Samal, Davao del Norte (Lot 16 Blk 5)

Through negotiated sale, Pag-IBIG Fund is selling this foreclosed lot in Island Hills Village Resort - Sto Nino, Barangay Santo Niño, Samal, Davao del Norte. The record places it at Lot 16 Blk 5. Its lot area is 150 sqm.

The minimum selling price is set at ₱2,250,000 (roughly ₱15,000 per sqm of lot area). The property went unsold at public auction, so it is offered at a fixed price, first come, first served; the discount of up to 45% depends on the mode of payment and the mode of sale. Offers were scheduled from Oct 24 until 11:59 PM on Oct 30, 2026 (Philippine time); the opening of offers was set for Nov 3, 2026 at 9:00 AM.

According to Pag-IBIG's record, the lot is unoccupied. The title is under consolidation, so it is still being transferred to Pag-IBIG Fund's name. It is sold as-is, where-is, so visit the lot and set aside money for any unpaid association dues before you offer.

The required gross monthly income for this lot is ₱37,515, based on a 30-year Pag-IBIG housing loan for the full price; that points to an amortization of about ₱13,130 a month. Paying part of the price in cash or making a bigger down payment lowers the income you need. The handling office is Pag-IBIG's Davao City Branch.