The Pag-IBIG Fund has rolled out a massive “super sale” covering more than 30,000 foreclosed properties, offering Filipino workers a rare chance to secure homes at deeply discounted rates.
Under the initiative, part of the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, discounts of up to 40 percent will be applied to occupied units, while unoccupied homes will be available at up to 35 percent off. The sale, which runs from August 25, 2024 until December 14, 2025, aims to open more affordable pathways to homeownership.
According to Pag-IBIG, the current occupants of these properties will be prioritized, giving them the opportunity to finally formalize ownership at a significantly reduced cost. “For occupied properties under negotiated sale, cash purchases now receive 40 percent off, up from 30 percent. Short-term installment payments come with 30 percent discounts, up from 20 percent, while purchases through Pag-IBIG housing loans are now offered at a 20 percent discount, double the previous 10 percent,” the agency said.
Unoccupied properties have also been made more accessible, with discounts set at 35 percent for cash purchases, 25 percent for short-term installment plans, and 15 percent for Pag-IBIG housing loans.
All units are offered on an “as is, where is” basis and can be viewed through the Pag-IBIG website. However, the agency advises prospective buyers to personally inspect properties before submitting a bid.
For those unable to purchase even with the discounts, Pag-IBIG said leasing options of up to three years are available, ensuring that Filipino workers still have a pathway to secure stable housing.
