Pag-IBIG Fund is offering its acquired assets to buyers online, an innovative way of disposing these properties while making home ownership more accessible.
The Fund on November 15 launched the Pag-IBIG Acquired Assets Online Public Auction (OPA) which allows homebuyers to conveniently select from Pag-IBIG Fund’s properties for sale and submit their bids using an online platform.
Homebuyers can register for their permanent Buyer ID and explore available properties—all without needing to visit a Pag-IBIG branch. The “Add to Cart” feature also allows them to submit their bids on multiple properties with just one click.
Pag-IBIG said those who wish to bid manually can still do so until December 31. Full implementation of the OPA will be effective January 1 for first and second public auction.
The OPA for negotiated sale will be rolled out within this month.
At the Kapihan sa Pag-IBIG on November 12, Jack Jacinto,
acting vice president of the Members Services Operations North-East Group, said individual buyers can join the OPA online bidding and acquire properties in cash, short-term installment or through the Pag-IBIG housing loan.
Jacinto said group buyers who purchase these assets in bulk get as much as 45 percent in discount.
