Pag-IBIG’s Davao Housing Hub-Committee on Disposition of Acquired Assets will be holding a sealed bidding on April 7, 2014 (Monday next week) for the sale of 100 of its acquired assets in Davao.
This sale of Pag-IBIG foreclosed properties is perfect for those living in Davao, or those with relatives living in Davao and nearby areas. With the signing of the Comprehensive Agreement on the Bangsamoro just last March 27, 2014, and the expected influx of businesses in Mindanao because of a more stable peace and order situation, buying a property in Davao for investment purposes may be worthwhile.
Bidders are encouraged to inspect the properties before bidding. The properties will be sold on an “as-is, where-is” basis so take note which properties are occupied, and check the physical and legal condition of the properties.
A TEN PERCENT (10%) minimum down payment may be paid on April 3-4, 2014 (Thursday and Friday this week). So act fast if you want to participate in the bidding!
Bids may be submitted at 9:00AM on April 7, 2014 at the HDMF Davao Branch Training Room, 3rd Floor, Pryce Tower Condominium, Pryce Business Park, JP Laurel Avenue, Davao City.
Bids should be accompanied by a Pag-IBIG Fund Receipt (PFR) original copy, showing the payment of the required TEN PERCENT (10%) minimum deposit. The said deposit shall form part of the winning bidder’s downpayment or shall be returned to the non-winning bidder without interest upon the completion of the public bidding.
The cheapest property I’ve seen is a P120,000 vacant lot at Blue Zircon Subd., San Miguel, Digos City, Davao del Sur so 10% of that is only P12,000.00. The balance may be paid via Pag-IBIG Housing Loan, so it is very affordable.
View/download the complete list of Pag-IBIG foreclosed properties in Davao
You may view the complete list of Pag-IBIG foreclosed properties in Davao which will be sold via public sealed bidding on April 7, 2014 by clicking on the download button below. The General Guidelines may also be found in the same document.
The Instruction to Bidders and Offer to Bid forms may be secured from the Acquired Assets Management and Disposition Unit, HDMF Davao Housing Hub, 2nd Floor, Pryce Tower Condominium, Pryce Business Park, JP Laurel Avenue, Davao City.
Pag-IBIG Davao office vicinity map
You may check the google map below for the location of the auction venue.
For questions, please contact Pag-IBIG Davao directly
Interested parties may visit the Acquired Assets Management and Disposition Unit, HDMF Davao Housing Hub, 2nd Floor, Pryce Tower Condominium, Pryce Business Park, JP Laurel Avenue, Davao City.
The announcement in the Pag-IBIG website has no contact person but the name indicated is FERMIN A. STA TERESA JR.- Vice President, OVP-Home Lending Operations for the Visayas/Mindanao Group and Chairman of the Committee on Disposition of Acquired Assets.