Pag-IBIG Fund has announced changes to its Acquired Assets Super Sale aimed at making housing more accessible. Bidders can now submit offers for up to three properties per lot. Pag-IBIG Fund CEO Marilene C. Acosta stated that these changes are intended to make homeownership more attainable, especially for long-term occupants of foreclosed properties seeking to formally acquire the homes they live in. Additionally, buyers not yet ready to purchase can opt for lease arrangements of up to three years, with the required advance rent reduced to one month from two. The agency noted that transactions can be completed through its fully digital public auction system, allowing users to view listings, submit bids, and complete purchases online. Details on available properties, eligibility requirements, and auction mechanics are available at www.pagibigfundservices.com/OnlinePublicAuction. A total of 5,074 properties will be published for auction for the remainder of the year. DHSUD Secretary and Pag-IBIG Fund Board Chair Jose Ramon P. Aliling said the extension and revised rules respond to sustained demand and support President Ferdinand Marcos Jr.’s directive to expand access to affordable, ready-for-occupancy housing. Under the updated guidelines, Pag-IBIG Fund has reduced the required down payment for cash and short-term installment purchases to 3% of the net selling price, down from 5%. 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 implementing new rules aimed at lowering upfront costs and widening participation. The agency reported that demand has remained strong since the Super Sale began on Aug. 25, with 44,861 bids received and 18,434 winning bids recorded.
