Foreclosed Lot for Sale in Magnagon Spring Homes Subdivision, Silang, Cavite (Lots 7 & 9 Blk 4)

This foreclosed lot is in Magnagon Spring Homes Subdivision, Silang, Cavite, and Pag-IBIG Fund is offering it through the 2nd public auction. It covers Lots 7 and 9 Blk 4, sold together as one listing. For both together, the record gives a lot area of 117 sqm.

The minimum bid price is set at ₱694,980 (roughly ₱5,940 per sqm of lot 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. The offer period was set for Oct 12 to Oct 16, 2026, closing at 11:59 PM Philippine time, with the bid opening on Oct 21, 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. Like all Pag-IBIG acquired assets, it is sold as-is, where-is: inspect it first and budget for any unpaid association dues.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱11,588, according to Pag-IBIG, because the amortization of about ₱4,056 a month may not exceed 35% of income. Pag-IBIG's NCR Housing Hub is the handling office.