HQP-AAF-101

(V01, 11/2018)
For 1st Public Auction

(Cebu Housing Hub)

INVITATION TO BID
May 04, 2021

The Pag-IBIG Fund Committee on Disposal of Real and Other Properties Acquired hereby invites interested
bidders who would like to purchase Pag-IBIG Fund acquired assets through Sealed Public Auction:

NO. OF PERIOD OF ACCEPTANCE OF

TRANCHE AREAS OPENING OF BID OFFERS
UNITS BID OFFERS

64TH SPB CEBU PROPERTIES 35 31 MAY 2021 – 04 JUNE 2021 08 JUNE 2021

GENERAL GUIDELINES

1. Interested parties are required to secure copies of OFFER TO BID (HQP-AAF-103 if individual bidder or HQP-
AAF-238 if juridical entity) from the Acquired Asset frontline counter servicing, 3rd Floor Pag-IBIG Fund WT
Corporate Tower, Cebu Business Park, Cebu City or may download the form at www.pagibigfund.gov.ph.

2. Properties shall be sold on an “AS IS, WHERE IS” basis which means that the bidder accepts whatever the
physical status of the property/ies (including whether it is occupied or not).

3. All interested bidders are encouraged to inspect the property/ies before tendering their offer/s. The list of the
properties for public auction may be viewed at www.pagibigfund.gov.ph/aa/aa/aspx.

4. Discounts are not applicable during First Sealed Public Auction.

5. Bidders are also encouraged to visit our website, www.pagibigfund.gov.ph/aa/aa.aspx five (5) days prior the
actual opening of bid offers, to check whether there is any erratum posted on the list of properties posted under
the sealed public auction.

6. Bidders shall be required to register at the frontline counter servicing prior to dropping of sealed bid offer/s. Only
bid offers from registered bidders shall be accepted and a registration stub will be issued as proof of registration.

7. Acceptance of sealed bid offer/s shall be from 8:00 AM to 5:00 PM starting 31 MAY 2021 until 04 JUNE 2021.
Bidders are advised to submit their proposals together with a photocopy of their valid Identification (ID) card and
latest proof of income only on the scheduled date of batch. No proposals shall be accepted earlier or later than
the scheduled date.

8. Bidders may designate their Authorized representatives, provided they shall issue the following documents:

a. Notarized Special Power of Attorney (SPA) for individual-bidder. The SPA for bidding may be downloaded at
www.pagibigfund.gov.ph (Other properties for sale-Disposition of Acquired Assets for Public Auction). Also, if
the bidder is based or is currently working abroad, SPA must be notarized at the Philippine Consular Office.
b. Secretary’s Certificate for company-bidder.

NOTE: The suggested template of the said documents may be downloaded at www.pagibigfund.gov.ph.

9. The bidder shall state in words and in figures the amount of his/her bid offer and his/her chosen mode of payment
in the Offer to Bid form. The BID OFFER shall not be lower than the minimum bid set by the Fund.

10. In the absence of a chosen mode of payment, the default mode of payment shall be long-term installment.
Likewise, change on the winning bidder’s mode of payment shall not be allowed.

11. The determination of winning bidders shall be on 08 JUNE 2021 at Pag-IBIG Fund WT Corporate Tower, Cebu
Business Park, Cebu City.

12. The determination of winning bidders shall be monitored by a representative from Commission on Audit (COA).
Attendance of the bidder/s in the venue is not required.

13. The bidder who offers the highest bid shall be declared as the winner.
 HQP-AAF-101
(V01, 11/2018)

14. In case there are identical offers constituting the highest bids, the tie shall be resolved by considering the Mode of
Payment. The priority in terms of mode of payment shall be as follows:
a. Cash;
b. Short-Term Installment;
c. Long-Term Installment.

15. If there is still a tie after considering the mode of payment, it shall be resolved immediately through toss coin.
However, in case there are more than two (2) highest bidders, the tie shall be resolved through draw lots.

16. The result of the sealed public auction shall be released and posted in the Pag-IBIG Fund official website at
www.pagibigfund.gov.ph. Bidders are encouraged to check the result on the said website.

17. Any notification sent by Pag-IBIG Fund through email or SMS shall be sufficient compliance to the notification
requirements and presumed to be deemed received by the buyer. In this regard, the Bidder shall ensure that the
contact number and email address indicated on the Offer to Bid are active. The bidder shall inform Pag-IBIG Fund
immediately on any changes on his/her contact number.

18. The winning bidder shall be required to pay his/her BID BOND equivalent to five percent (5%) of the BID OFFER
and shall be paid within three (3) working days after the publication of the winning bidders. It shall be in
Philippine Currency and may be in the form of cash or manager’s check payable to Pag-IBIG Fund. It shall
likewise serve as the down payment of the winning bidder.

19. For bidders whose bid bond is in the form of a MANAGER’S CHECK, are advised to adhere to the current
Bangko Sentral ng Pilipinas’ (BSP) memorandum relative to the proper handling of checks: Do not staple,
crumple, fold, bind or pin checks.

20 . Payment of the remaining ninety five percent (95%) bid offer balance may either be thru any of the following
modes:

a. Cash Payment – the balance on the net selling price shall be paid not later than thirty (30) calendar days
from date of signing of Deed of Conditional Sale (DCS).

b. Short-Term Installment – the balance on the net selling price shall be paid in equal monthly installment and
provided the chosen payment term shall not exceed twelve (12) months subject to an interest based on the
Full Risk-Based Pricing Framework for three-year fixing period.

c. Long-Term Installment – payment shall be in the form of monthly amortization based on the approved term,
which may be up to a maximum of thirty (30) years with the following considerations:

c.1. Approval and term shall be subject to eligibility requirements stipulated under the Circular 428 Omnibus
Guidelines on Sale of Pag-IBIG Fund Real and Other Properties Acquired;
c.2. The amount shall be the bidder’s bid offer, net of 5% downpayment;
c.3. The bidder shall be required to file his/her Long-Term Installment application and pay the following incidental
expenses within thirty (30) calendar days from receipt of Notice of Award:
- Processing fee of Two Thousand Pesos (P2,000.00) shall be paid upon submission of complete
requirements;
- Equity, if applicable;
- One-year advance insurance premiums (sales redemption insurance as well as non-life insurance);
c.4. In case the Bid Offer, net of the five percent (5%) bid bond and additional discount, is still higher than the
approved amount for Long Term Installment, the amount in excess shall be treated as equity. It shall be paid by
the buyer within thirty (30) calendar days from receipt of Notice of Conditional Approval of Sale (NCAS).
c.5. Original Borrowers who wish to participate on the Sealed Public Auction sale shall not be allowed to avail
long term installment as mode of payment. They may only submit offer thru cash or short-term installment
basis.
c.6. In case the application has been disapproved due to buyer’s fault, the 5% bidder’s bond shall be forfeited in
favor of the Fund.

21. If the winning bidder fails or refuses to push through with the purchase of the property, or fails to pay in full the
remaining balance within 30 calendar days from receipt of the Notice of Award (NOA), he shall lose his right as
winning bidder and the 5% bidder’s bond shall be forfeited in favor of the Fund.

22. The Fund shall declare the next highest bidder as the winning bidder in case the sale to the original winning
bidder is cancelled. He shall be required to pay a down payment of 5% of the offer price within 15 calendar days
from notification and the remaining ninety five percent (95%) of his/her bid offer within the approved payment
period. In the event there are two (2) or more complying bidders, the same rule on resolving ties shall be applied.

23. Interested parties may visit the 3rd Floor, Pag-IBIG FUND – WT Corporate Tower, Mindanao Avenue, Cebu
Business Park, Cebu City or contact MR. ANGELO E. HERMOSISIMA; MS. JERRA MAE D. PACINIO AND MS.
KAYE ANTONETTE A. DIANO at tel. nos. (032) 260-1800 and (032) 412-2110. You may also email your inquiries
for further details at [email protected] or [email protected].
 HQP-AAF-101
(V01, 11/2018)

PAG-IBIG FUND RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS, TO WAIVE ANY FORMALITY THEREIN
OR ACCEPT SUCH BIDS AS MAY BE CONSIDERED MOST ADVANTAGEOUS TO THE FUND. THE DECISION OF
THE FUND IS FINAL AND BINDING.

SGD. ATTY. MARIE ANTONIETTE D. DIAZ

OVP – Home Lending Operations
Visayas/Mindanao Group

Chairman
Committee on Disposition of Acquired Assets
Chairman, Committee on Disposition of
Acquired Assets
 ITEM PROPERTY LOCATION LOT FLOOR MINIMUM
TCT NO. STATUS OF TCT
NO. NUMBER LOT AREA AREA BID PRICE
DATE OF ACCEPTANCE: 31 MAY 2021 TO 04 JUNE 2021
DATE OF OPENING: 08 JUNE 2021
LAPU-LAPU CITY
DECA HOMES - MACTAN 1 SUBDIVISION, AGUS, LAPU-LAPU CITY, CEBU
LOT 35, BLK 11, DECA HOMES - MACTAN 1
1 806718092400111 40.00 46.40 110-2018003454 982,995.00 Consolidated to HDMF
SUBDIVISION, AGUS, LAPU-LAPU CITY, CEBU
LOT 2, BLK 19, DECA HOMES - MACTAN 1
2 806718092400131 40.00 50.40 110-2019000091 989,455.00 Consolidated to HDMF
SUBDIVISION, AGUS, LAPU-LAPU CITY, CEBU
LA ALDEA DEL MAR SUBDIVISION, BABAG, LAPU-LAPU CITY, CEBU
LOT 17, BLK 34, LA ALDEA DEL MAR SUBDIVISION,
3 867201910230013 40.00 44.50 110-2016000510 1,425,300.00 For consolidation - REM
BABAG, LAPU-LAPU CITY, CEBU
LOT 46, BLK 42, LA ALDEA DEL MAR SUBDIVISION,
4 867201901250002 65.00 44.50 110-2020002394 1,686,400.00 Consolidated to HDMF
BABAG, LAPU-LAPU CITY, CEBU
LOT 21, BLK 53, LA ALDEA DEL MAR SUBDIVISION,
5 867201911190001 40.00 44.50 110-2015004237 1,425,300.00 For consolidation - CTS
BABAG, LAPU-LAPU CITY, CEBU
BF TOWNHOMES SUBDIVISION, MARIBAGO, LAPU-LAPU CITY, CEBU
LOT 33, BLK 7, PH. 2, BF TOWNHOMES SUBDIVISION,
6 806718092400051 40.00 61.00 110-2018001033 1,286,300.00 Consolidated to HDMF
MARIBAGO, LAPU-LAPU CITY, CEBU
ST. DOMINICS PLACE SUBDIVISION, BASAK, LAPU-LAPU CITY, CEBU
LOT 61, BLK 11, ST. DOMINICS PLACE SUBDIVISION,
7 867201810180038 40.00 49.60 110-2019004924 1,126,400.00 Consolidated to HDMF
BASAK, LAPU-LAPU CITY, CEBU

MANDAUE CITY
RAJAH TOWNHOMES CONDOMINIUM, JAGOBIAO, MANDAUE CITY, CEBU
UNIT T-33, RAJAH TOWNHOMES CONDOMINIUM,
8 806719073100039 48.00 111-2019000042 840,000.00 Consolidated to HDMF
JAGOBIAO, MANDAUE CITY, CEBU

BOGO CITY
A & B II SUBDIVISION, DAKIT - GUADALUPE, BOGO CITY, CEBU
LOT 2317-A-22-B, A & B II SUBDIVISION, DAKIT - For consolidation - REM
9 806718111200079 125.00 37.00 T-93943 368,735.00
GUADALUPE, BOGO CITY, CEBU (Under BIR abatement)

CEBU CITY
URBAN DECA HOMES TISA CONDOMINIUM, LABANGON, CEBU CITY, CEBU
B06-308, URBAN DECA HOMES TISA CONDOMINIUM, For consolidation - CTS
10 864201811280010 25.00 107-2015004203 1,298,600.00
LABANGON, CEBU CITY, CEBU (Under BIR abatement)
B09-414, URBAN DECA HOMES TISA CONDOMINIUM, For consolidation - CTS
11 864201811290001 25.00 107-2015004446 1,260,300.00
LABANGON, CEBU CITY, CEBU (Under BIR abatement)
B10-115, URBAN DECA HOMES TISA CONDOMINIUM, For consolidation - CTS
12 864201809060004 25.00 107-2015004462 1,586,200.00
LABANGON, CEBU CITY, CEBU (Under BIR abatement)
B11-303, URBAN DECA HOMES TISA CONDOMINIUM, For consolidation - CTS
13 864201908090002 25.00 107-2015004544 1,298,600.00
LABANGON, CEBU CITY, CEBU (Under BIR abatement)

TALISAY CITY
CAMELLA HOMES-TIERRA GRANDE SUBDIVISION, LAWAAN, TALISAY CITY, CEBU
LOT 33, BLK 4, PH. 3D, CAMELLA HOMES-TIERRA
For consolidation - CTS
14 864201901300002 GRANDE SUBDIVISION, LAWAAN, TALISAY CITY, 88.00 36.00 T-99392 1,156,600.00
(Under BIR abatement)
CEBU
DECA HOMES- BAYWALK TALISAY SUBDIVISION, DUMLOG, TALISAY CITY, CEBU
LOT 15, BLK 1, PH. 3 CLUSTER 4, DECA HOMES-
For consolidation - CTS
15 864201811280004 BAYWALK TALISAY SUBDIVISION, DUMLOG, TALISAY 40.00 50.90 102-2017004001 1,536,300.00
(Under BIR abatement)
CITY, CEBU

MINGLANILLA
DECA HOMES - TUNGKIL, MINGLANILLA, CEBU
LOT 27, BLK 7, PH. 1, DECA HOMES - TUNGKIL,
16 806419032600015 38.00 46.40 102-2012004127 970,200.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 18, BLK 16, PH. 1, DECA HOMES - TUNGKIL,
17 806419032600033 38.00 46.40 102-2012004496 939,376.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 15, BLK 18, PH. 1, DECA HOMES - TUNGKIL,
18 806419053000004 57.00 51.40 102-2013005623 1,425,200.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 6, BLK 20, PH.1 , DECA HOMES - TUNGKIL,
19 806419032600023 38.00 46.40 102-2012005259 962,200.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 63, BLK 4, PH. 2, DECA HOMES - TUNGKIL,
20 806418091700057 38.00 46.40 102-2018000590 934,800.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 35, BLK 8, PH. 2, DECA HOMES - TUNGKIL,
21 864201910250004 38.00 46.40 102-2016005268 927,700.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 22, BLK 9, PH. 2, DECA HOMES - TUNGKIL,
22 806419032600074 38.00 46.40 102-2018008421 913,174.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 5, BLK 9, PH. 2, DECA HOMES - TUNGKIL,
23 806419053000048 38.00 46.40 102-2018004273 1,037,400.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 45, BLK 9, PH. 2, DECA HOMES - TUNGKIL,
24 864201903280003 38.00 50.20 102-2020009369 949,700.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 68, BLK 9, PH. 2, DECA HOMES - TUNGKIL,
25 864201910020005 38.00 46.40 102-2017001015 1,011,800.00 Consolidated to HDMF
MINGLANILLA, CEBU
 LOT 54, BLK 10, PH. 2, DECA HOMES - TUNGKIL,
26 806418122800147 38.00 46.40 102-2017006679 964,440.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 81, BLK 10, PH. 2, DECA HOMES - TUNGKIL,
27 806418092600003 38.00 55.00 102-2018003007 1,194,000.00 Consolidated to HDMF
MINGLANILLA, CEBU
 LOT 47, BLK 7, PH. 3, DECA HOMES - TUNGKIL,
28 806418122800155 38.00 46.40 102-2019000095 1,003,600.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 78, BLK 9, PH. 3, DECA HOMES - TUNGKIL,
29 864201810110002 75.00 56.00 102-2020002715 1,366,200.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 29, BLK 15, PH. 3, DECA HOMES - TUNGKIL,
30 806418122800097 38.00 46.40 102-2017008044 1,004,600.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 66, BLK 17, PH. 3, DECA HOMES - TUNGKIL,
31 806418122800123 38.00 46.40 102-2020007680 962,200.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 8, BLK 23, PH. 3, DECA HOMES - TUNGKIL,
32 806418111200061 38.00 46.40 102-2017004627 962,200.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 1, BLK 1, PH. 4, DECA HOMES - TUNGKIL,
33 806419053000087 56.00 46.40 102-2020001843 1,107,200.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 8, BLK 6, PH. 4, DECA HOMES - TUNGKIL,
34 806418091700025 38.00 46.40 102-2017001014 1,031,400.00 Consolidated to HDMF
MINGLANILLA, CEBU
LOT 46, BLK 6, PH. 4, DECA HOMES - TUNGKIL,
35 806418122800076 38.00 48.40 102-2018008197 1,074,500.00 Consolidated to HDMF
MINGLANILLA, CEBU

NOTE: ACCOUNTS UNDER ABATEMENT MAY TAKE SEVERAL YEARS (MORE OR LESS 5 YEARS) FOR TCT TO BE CONSOLIDATED IN THE NAME OF THE FUND
 Buy a property
as low as
AUCTION SALE
DATE OF ACCEPTANCE: 31 MAY 2021 - 04 JUNE 2021 8:00 AM - 5:00 PM
P 368,735.00 at the 3rd Flr. Pag-IBIG Fund WT Corporate Tower, Cebu Business Park, Cebu City
DATE OF OPENING: 08 JUNE 2021

NOTE: ACCOUNTS UNDER BIR ABATEMENT MAY TAKE SEVERAL YEARS (more or less 5 years) FOR TCT TO BE CONSOLIDATED IN THE NAME OF THE FUND
For more information, please visit or call Acquired Assets Division at the 3rd Floor, Pag-IBIG Fund-WT Corporate Tower, Mindanao Ave., Cebu Business Park, Cebu City
Globe Landline: (032) 412-2110, Globe mobile no. 0926-0815994 and Smart mobile no. 0943-3615915
or email us at [email protected]; vist our website at www.pagibigfund.gov.ph
 Cebu Housing Hub
Loans Management and Recovery Department
Acquired Asset Management

INSTRUCTION TO BIDDERS
1. Select property/ies from the list of properties available for public auction posted at Pag-IBIG Fund
official website (www.pagibigfund.gov.ph).

2. Inspect the chosen property/ies prior to submission of bid offer and determine if there are any
unpaid dues on the property/ies. The properties are sold on an “As Is, Where Is” basis, whatever
physical/ occupancy status and any fees, dues pertaining to the properties shall be for the account of
the winning bidder.

3. Secure 1 copy of the Offer to Bid (For Sealed Public Auction) from the Acquired Asset Counter at the
3rd Floor, Pag-IBIG Fund – WT Corporate Tower, Mindanao Avenue, Cebu Business Park, Cebu City or
download the form at www.pagibigfund.gov.ph.

4. Fill out the Offer to Bid and affix signature on the designated portion of the form.

NOTES: a. The bid amount shall in no case be lower than the minimum bid price indicated in the Invitation
to Bid
b. Selling Price will be based on your bid amount/ offer

5. Bidder shall register and submit/ drop his duly accomplished Offer to bid form, photocopy of valid IDs
with 3 specimen signatures, proof of income and Special Power of Attorney together with valid IDs of
attorney in fact (if applicable) at the acquired asset frontline counter servicing at the 3rd Floor, Pag-
IBIG Fund – WT Corporate Tower, Mindanao Avenue, Cebu Business Park, Cebu in accordance to the
schedule date posted.

6. Should the bidder unable to register and submit their bid offer in person, the bidder may designate
his/her/their Authorized Representative provided they shall present the following documents:

a. For individual bidder - Notarized Special Power of Attorney (SPA) together with one (1)
government issued ID each for the bidder and Authorized Representative.

NOTE: In case the bidder is an OFW, the SPA shall be duly certified and authenticated by the
Philippine Embassy or Consulate in the country where the bidder is assigned/working.

b. For juridical entity - Secretary’s Certificate together with one (1) government issued ID each for
the bidder and Authorized Representative.

NOTE: The suggested template of the said documents may be downloaded at

www.pagibigfund.gov.ph.

7. Upon registration (based on the scheduled date posted), drop the sealed bid envelope to the
designated bid box.

8. Cut off time for submission of offer/s is at 5:00 PM.

No more bid offer/ s shall be accepted from the unregistered bidder/ s after the cut-off of time and date
posted.
9. The opening of sealed envelopes shall be done on the date posted (bidders are not required to
attend on the opening date as the IATF still prohibits mass gathering).

10. In case there are identical offers constituting the highest offer on a specific property, the tie shall be
resolved by toss coin. However, in case there are more than two (2) highest offerors, the tie shall be
resolved through draw lots.

11. The bidder who offers the highest bid shall be declared as the winner. Bidder/s will be informed to pay
his 5% bid bond and receive his Notice of Award within 3 working days after the notification.

12. The result of the sealed public auction shall be released and posted in the Pag-IBIG Fund official website
at www.pagibigfund.gov.ph. Bidders are encouraged to check the result on the said website.

13. If the winning bidder fails or refuses to push through with the purchase of the property, or fails to pay
in full the remaining balance within 30 calendar days from receipt of the Notice of Award (NOA), he
shall lose his right as winning bidder and the 5% bidder’s bond shall be forfeited in favor of the Fund.

14. The Fund shall declare the next highest bidder as the winning bidder in case the sale to the original
winning bidder is cancelled. He shall be required to pay a down payment of 5% of the offer price within
3 calendar days from notification and the remaining ninety five percent (95%) of his/her bid offer
within the approved payment period.

NOTE: ORIGINAL BORROWERS OR INTERESTED BIDDERS WHO HAVE HISTORY, WHERE ITS HOUSING
LOAN ACCOUNT WITH PAG-IBIG FUND WAS FORECLOSED/CANCELLED ARE NOT ALLOWED TO AVAIL OF
A LONG-TERM INSTALLMENT/HOUSING LOAN AS A MODE OF PAYMENT. THEY MAY ONLY SUBMIT
OFFER THRU CASH OR SHORT-TERM INSTALLMENT BASIS.

Please be advised that only bidders or Attorney-In-Fact are allowed in the counter servicing
to maintain social distancing in the area. You are required to wear face mask and face shield
upon entry and provide your personal writing materials. Pag-IBIG Fund reserves the right
to suspend the scheduled Sealed Public Auction in the event that provision provided in
the IATF requirements are violated.