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Approaching 7,000 successful bids and purchase proposals have been documented just six weeks following the initiation of Pag-IBIG Fund’s Acquired Assets Super Sale, signaling a robust commencement for the initiative and bolstering governmental endeavors to enhance homeownership accessibility for Filipino workers.
The digital Super Sale, which commenced on Aug. 25, has attracted 6,402 successful bids from keen buyers nationwide. Furthermore, 486 existing residents of Pag-IBIG-acquired properties have formally declared their intention to acquire the homes they currently inhabit, enabling them to legitimize ownership and secure a more stable future.
“We are pleased to announce the initial achievements of the Pag-IBIG Acquired Assets Super Sale in furnishing more Filipino workers with homes of their own,” stated 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 close to 7,000 homes having winning bids or reservations, this initiative exceeds mere sales — it represents a definitive stride toward empowering thousands of Filipino families to finally possess the home they have long desired,” Mr. Aliling remarked.
“For us, this is a component of a broader commitment under the Expanded Pambansang Pabahay Para sa Pilipino Program aimed at fostering better, more dignified lives for our fellow Filipinos, as we champion the Marcos administration’s vision for a Bagong Pilipinas,” the Secretary added.
The Pag-IBIG Fund Acquired Assets Super Sale showcases over 30,000 foreclosed properties available at significantly reduced rates through various payment alternatives.
For vacant properties, purchasers can avail themselves of discounts that reach up to 35% for cash transactions, 25% for 12-month installment plans, and 15% when financed via a Pag-IBIG Housing Loan. For occupied properties, discounts can go as high as 40% for cash, 30% for installment options, and 20% via housing loans. In addition, current residents of acquired assets have the opportunity to buy their homes through direct sale and benefit from a 10% discount.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta credited the impressive early response to the agency’s fully digital auction platform, which has made participation more user-friendly and transparent for members.
“Not only are we presenting our largest-ever discounts on our acquired assets, but we are also delivering a seamless, secure, and user-friendly platform that enables more members to get involved,” Ms. Acosta stated. “What’s noteworthy is that nearly 30,000 individuals registered for a Buyer ID within just one month since we launched the Super Sale, marking a significant increase that brought our total to 108,643. This swift growth illustrates how many Filipinos are keen to seize this opportunity to become homeowners through our Super Sale.”
“New groups of properties are updated weekly until Dec. 14. We encourage all interested members to visit our online platform, explore listings, and submit their proposals,” Ms. Acosta offered.
She also urged current occupants of Pag-IBIG-acquired properties to take advantage of the ongoing sale. “This is the perfect time for our current residents to finalize arrangements with Pag-IBIG Fund and become legitimate homeowners. We are issuing Invitations to Purchase or Lease to assist them in regularizing their occupancy and attaining peace of mind, confidence knowing they have a home to call their own,” Ms. Acosta expressed.
To explore listings and join the Super Sale, prospective buyers may visit www.pagibigfundservices.com/OnlinePublicAuction.
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