Foreclosed Lot for Sale in Jamaica Subdivision, Tabaco City, Albay (Lot 1 Blk 8)

This lot is a Pag-IBIG Fund foreclosed property in Jamaica Subdivision, Barangay Panal, Tabaco City, Albay, offered through negotiated sale. The listing is for Lot 1 Blk 8. It covers 632 sqm of land.

At ₱5,435,200, the minimum selling price works out to about ₱8,600 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.

It is listed as unoccupied. Pag-IBIG's remarks list the title as under consolidation, which means it is not yet in the 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 ₱78,684, according to Pag-IBIG, because the amortization of about ₱27,539 a month may not exceed 35% of income. Paying part of the price in cash or making a bigger down payment lowers the income you need. Pag-IBIG's Naga Housing Business Center is the handling office.