The Pag-IBIG Fund’s Acquired Assets Super Sale has recorded nearly 7,000 winning bids and purchase offers in just six weeks, marking a strong start for the program aimed at making homeownership more accessible to Filipino workers.
The online sale, which launched on Aug. 25, has received 6,402 winning bids from buyers across the country. About 486 current occupants of Pag-IBIG-acquired properties have formally expressed their intent to purchase the homes they currently live in.
“We are happy to report the early success of the Pag-IBIG Acquired Assets Super Sale in providing more Filipino workers with homes of their own,” said Secretary Jose Ramon Aliling of the Department of Human Settlements and Urban Development (DHSUD).
“With nearly seven thousand homes with winning bids or reservations, this initiative is more than a sale – it is a concrete step toward empowering thousands of Filipino families to finally own the home they’ve long dreamed of,” said Aliling who is also the chairperson of the Pag-IBIG Fund board of trustees.
Aliling said the program is part of the “wider commitment under the Expanded Pambansang Pabahay para sa Pilipino Program to help build better, more dignified lives for our fellow Filipinos, as we push forward the Marcos administration’s vision for a Bagong Pilipinas.”
The Pag-IBIG Fund Acquired Assets Super Sale features more than 30,000 foreclosed properties offered at significantly reduced prices with various payment options.
Discounts on unoccupied properties go as high as 35 percent for cash purchases, 25 percent for 12-month installment terms and 15 percent when financed through a Pag-IBIG Housing Loan.
For occupied properties, discounts reach 40 percent for cash, 30 percent for installment, and 20 percent through a housing loan. Current occupants may purchase the homes they live in through direct sale and receive a 10 percent discount.
Pag-IBIG Fund chief executive Marilene Acosta attributed the strong early turnout to the agency’s fully digital auction system, which has enhanced convenience and transparency for members.
“Not only are we offering our highest-ever discounts on our acquired assets, we are also providing a seamless, secure, and user-friendly platform that allows more members to participate,” Acosta said.
She said nearly 30,000 individuals registered for a Buyer ID in the first month, increasing the total to 108,643.
New batches of properties will be posted weekly until Dec. 14.
Acosta encouraged interested members to visit the online portal and submit their offers. She also urged current occupants to take advantage of the sale to “settle with Pag-IBIG Fund and become legitimate homeowners.”
