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

This foreclosed lot is in Island Hills Village Resort - Sto Nino, Barangay Santo Niño, Samal, Davao del Norte, and Pag-IBIG Fund is offering it through negotiated sale. The record places it at Lot 5 Blk 16. Its lot area is 100 sqm.

The minimum selling price is set at ₱1,500,000 (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. The offer period was set for Oct 24 to Oct 30, 2026, closing at 11:59 PM Philippine time, with the opening of offers on Nov 3, 2026 at 9:00 AM.

The record marks the lot as 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.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱25,010, according to Pag-IBIG, because the amortization of about ₱8,754 a month may not exceed 35% of income. The handling office is Pag-IBIG's Davao City Branch.