Foreclosed Lot for Sale in Island Hills Village Resort - Sto Nino, Samal, Davao del Norte (Lot 9 Blk 36)

Through the 1st public auction, Pag-IBIG Fund is selling this foreclosed lot in Island Hills Village Resort - Sto Nino, Barangay Santo Niño, Samal, Davao del Norte. The listing is for Lot 9 Blk 36. It covers 100 sqm of land.

The minimum bid price is ₱1,500,000, about ₱15,000 per sqm of lot area. A 1st public auction listing carries no discount: sealed offers must meet the minimum bid price, and the highest qualified offer wins at the bid opening. The published offer window is Oct 12 to Oct 16, 2026, closing at 11:59 PM Philippine time, followed by the bid opening on Oct 22, 2026 at 9:00 AM.

According to Pag-IBIG's record, the lot is unoccupied. Its title is still under consolidation, meaning the transfer to Pag-IBIG Fund's name is not yet complete. The sale is as-is, where-is, which leaves any unpaid association dues to the buyer, so inspect the lot before making an 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. Paying in cash or putting more money down reduces the income needed to qualify. Pag-IBIG's Davao City Branch handles the sale.