Pag-IBIG extends super sale, eases home buying

The Pag-IBIG Fund is recalibrating its acquired-assets program to keep housing demand steady amid rising living costs, extending its Acquired Assets Super Sale until 31 December and rolling out new rules that significantly lower the barrier for buyers looking to own a home.

Since the sale began on 25 August, Pag-IBIG has recorded 44,861 bids and 18,434 winning offers — figures that underscore a strong appetite for discounted, ready-for-occupancy homes.

The agency is also preparing to put another 5,074 properties up for auction before the end of the year, keeping supply steady in a segment that many buyers now see as a more affordable alternative to new developments.

Policy support remains a key driver. Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling, who chairs the Pag-IBIG Fund Board of Trustees, said the extension responds to sustained demand.

“The demand for our Acquired Assets Super Sale has been overwhelming and very encouraging, showing how dependable Pag-IBIG Fund has become in helping Filipino workers secure affordable homes,” Aliling said.

He noted that the program supports the Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) initiative by offering a faster route to ownership through foreclosed assets.

The most consequential change is financial: Pag-IBIG cut the required down payment for cash and short-term installment purchases to three percent of the net selling price from five percent. It also broadened participation by allowing bidders to place offers on up to three properties per auction batch, a change expected to attract more buyers and inject greater liquidity into the auctions.

Pag-IBIG Fund chief executive officer Marilene Acosta said the enhancements are meant to make homeownership more attainable for more Filipino workers, including long-time occupants of foreclosed units who are looking to finally secure legal tenure. For those not yet ready to buy, the agency has eased lease terms to one-month advance rent and promoted its fully digital auction platform to streamline transactions.

“With the Super Sale extended until 31 December, we encourage interested buyers to take this opportunity to secure a home,” Acosta said.