The Pag-IBIG Fund officially launched the online public auction (OPA) of assets acquired by Pag-IBIG on Friday, November 15, which allows home buyers to easily select from the Pag-IBIG Fund properties for sale and submit their bids. offers using an online platform, Pag-IBIG. Senior officials of the IBIG Fund announced.

Using any device with an internet connection, homebuyers can register for their permanent buyer ID and explore available properties, all without needing to visit an agency Pag-IBIG. The “Add to Cart” functionality also allows them to submit their offers on multiple properties with just one click.

“The OPA is the Pag-IBIG Fund’s response to the government’s call to be innovative in the approach to making homeownership more accessible to Filipino workers. Through this new platform, we hope to make the process of purchasing assets acquired from the Pag-IBIG Fund more convenient and accessible,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11th member of the board of directors of the Pag-IBIG Fund.

Marilene Acosta, Managing Director of the Pag-IBIG Fund, who led the launch, highlighted the Fund’s commitment to digitalization and capitalizing on technology to improve service offerings.

“We are in the digital age. The OPA is part of our continued commitment to harnessing technology, with the ultimate goal of helping Filipino workers realize their dream of homeownership,” Acosta said.

Those who wish to bid manually can still do so until December 31, 2024. Full implementation of the OPA will be effective on January 1, 2025 for the first (1st) and second (2nd) public auction, while the takeover bid for the negotiated sale will be deployed by November. This year.