Nearly 7,000 winning bids and buy offers have been recorded just six weeks for the reason that launch of Pag-IBIG Fund’s Acquired Assets Super Sale, marking a powerful start for this system and reinforcing government efforts to make homeownership more accessible for Filipino staff.
The web Super Sale, which began on Aug. 25, has drawn 6,402 winning bids from interested buyers across the country. As well as, 486 current occupants of Pag-IBIG-acquired properties have formally expressed intent to buy the homes they live in, allowing them to legitimize ownership and secure a more stable future.
“We’re completely satisfied to report the early success of the Pag-IBIG Acquired Assets Super Sale in providing more Filipino staff with homes of their very own,” said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development (DHSUD) and chairperson of the Pag-IBIG Fund Board of Trustees. “With nearly 7,000 homes with winning bids or reservations, this initiative is greater than a sale — it’s a concrete step toward empowering hundreds of Filipino families to finally own the house they’ve long dreamed of,” Mr. Aliling stated.
“For us, this forms a part of a wider commitment under the Expanded Pambansang Pabahay Para sa Pilipino Program to assist construct higher, more dignified lives for our fellow Filipinos, as we push forward the Marcos administration’s vision for a Bagong Pilipinas,” the Secretary added.
The Pag-IBIG Fund Acquired Assets Super Sale features greater than 30,000 foreclosed properties offered at significantly reduced prices through various payment options.
For unoccupied properties, buyers may receive discounts of as much as 35% for money purchases, 25% for 12-month installment terms, and 15% when financed through a Pag-IBIG Housing Loan. For occupied properties, discounts go as high as 40% for money, 30% for installment, and 20% through housing loan. Meanwhile, current occupants of acquired assets may purchase the homes they reside in through direct sale and revel in a ten% discount.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta attributed the strong early turnout to the agency’s fully digital auction system, which has made participation more convenient and transparent for members.
“Not only are we offering our highest-ever discounts on our acquired assets, we’re also providing a seamless, secure, and user-friendly platform that permits more members to participate,” Ms. Acosta said. “What’s remarkable is that almost 30,000 individuals registered for a Buyer ID in only one month since we launched the Super Sale, a major surge that pushed our total to 108,643. This rapid growth shows just what number of Filipinos are desperate to take this chance to develop into homeowners through our Super Sale.”
“Recent batches of properties are posted every week until Dec. 14. We invite all interested members to go to our online portal, browse listings, and submit their offers,” Ms. Acosta added.
She also encouraged current occupants of Pag-IBIG-acquired properties to avail of the continuing sale. “That is one of the best time for our current occupants to settle with Pag-IBIG Fund and develop into legitimate homeowners. We’re issuing Invitations to Purchase or Lease to assist them legalize their tenure and gain peace of mind, knowing they’ve a house to call their very own,” Ms. Acosta said.
To view listings and take part in the Super Sale, interested buyers may visit www.pagibigfundservices.com/OnlinePublicAuction.
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