Foreclosed Lot for Sale in Magnagon Spring Homes Subdivision, Silang, Cavite (Lots 4/5 Blk 2)

This lot is a Pag-IBIG Fund foreclosed property in Magnagon Spring Homes Subdivision, Barangay Maguyam, Silang, Cavite, offered through the 2nd public auction. The sale covers Lots 4 and 5 Blk 2 under one price. For both together, the record gives a lot area of 100 sqm.

The minimum bid price is set at ₱594,000 (roughly ₱5,940 per sqm of lot area). It reached the 2nd public auction after the 1st auction ended without a winning bid. Bidding is sealed again, and Pag-IBIG labels this stage "up to 30% discount", depending on the mode of payment. 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 21, 2026 at 9:00 AM.

The record marks the lot as unoccupied. Its title is still under consolidation, meaning the transfer to Pag-IBIG Fund's name is not yet complete. 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 ₱9,904, according to Pag-IBIG, because the amortization of about ₱3,466 a month may not exceed 35% of income. Pag-IBIG's NCR Housing Hub handles the sale.