Pag-IBIG Fund has extended its Acquired Assets Super Sale until Dec. 31, giving homebuyers more time to purchase foreclosed properties at discounted prices, while adopting new rules to lower upfront costs and make it easier for more buyers to participate.
Pag-IBIG Fund said interest in acquired assets has remained strong since the Super Sale began on Aug. 25, with 44,861 bids received and 18,434 winning bids recorded. The agency said that 5,074 properties will be published for auction until the remainder of the year.
Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon P. Aliling, who chairs the Pag-IBIG Fund Board of Trustees, said the extension and updated rules respond to sustained demand from homebuyers, and support President Ferdinand R. Marcos Jr.’s directive to expand access to affordable, ready-for-occupancy homes.
“The demand for our Acquired Assets Super Sale has been overwhelming and very encouraging, showing how dependable Pag-IBIG Fund has become in helping Filipino workers secure affordable homes,” Aliling said. “With the enhancements to our Super Sale, we are making participation easier and more affordable for more buyers, consistent with President Marcos’ directive to provide Filipinos with accessible and practical opportunities for homeownership.”
He added that the strengthened Super Sale also supports the administration’s Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program by offering families a faster and more affordable pathway to secure decent, ready-for-occupancy homes.
Under the updated rules, Pag-IBIG Fund reduced the required down payment for cash and short-term installment purchases to 3% of the net selling price, from 5% previously. The agency also updated its auction guidelines to allow bidders to submit offers for up to three properties per batch of published listings.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the improvements strengthen the agency’s push to make homeownership more attainable, including for long-time occupants of foreclosed properties who want to legally secure the homes they already live in.
“By offering larger discounts and lowering upfront costs through the Super Sale, we are giving more Filipino workers the opportunity to finally own a home,” Acosta said. “For current occupants, this is also the best time to settle with Pag-IBIG Fund and become legitimate homeowners. We want families to gain the peace of mind that comes with knowing the home they live in is truly their own.”
Acosta added that those not yet ready to purchase may opt for a lease arrangement of up to three years. To reduce the initial cost, the agency also lowered the lease requirement to a one-month advance rent, from two months previously. She encouraged homebuyers to use the agency’s fully digital public auction system, which allows buyers to view listings, submit bids and complete transactions online using a mobile phone or computer.
“By streamlining the process and making it fully online, we are ensuring that more Filipinos can participate conveniently,” Acosta said. “With the Super Sale extended until Dec. 31, we encourage interested buyers to take this opportunity to secure a home.”
Interested buyers may view listings, eligibility requirements and auction mechanics at www.pagibigfundservices.com/OnlinePublicAuction.
