Foreclosed Townhouse for Sale in The Istana, Imus, Cavite (Lot 20 Blk 15)

This foreclosed townhouse is in The Istana, Barangay Malagasang I-F, Imus, Cavite, and Pag-IBIG Fund is offering it through the 2nd public auction. It sits at Lot 20 Blk 15. The townhouse has 42 sqm of floor area and stands on a 36-sqm lot.

The minimum bid price is set at ₱1,156,230 (roughly ₱27,529 per sqm of floor 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. Offers were scheduled from Oct 19 until 11:59 PM on Oct 23, 2026 (Philippine time); the bid opening was set for Oct 28, 2026 at 9:00 AM.

The townhouse is occupied, according to Pag-IBIG, so factor in the time and cost of dealing with the occupants. The title is under consolidation, so it is still being transferred to Pag-IBIG Fund's name. The sale is as-is, where-is, which leaves repairs and any unpaid association dues to the buyer, so inspect the townhouse before making an offer.

Financing the whole price with a 30-year Pag-IBIG housing loan requires a gross monthly income of ₱19,278, according to Pag-IBIG, because the amortization of about ₱6,747 a month may not exceed 35% of income.