Pag-IBIG launches online platform for auctioning properties

The Home Development Mutual Fund or Pag-IBIG Fund on Friday launched a platform for online public auctions of properties.

The Pag-IBIG Acquired Assets Online Public Auction (OPA) allows homebuyers to bid for Pag-IBIG properties for sale by registering for their permanent Buyer ID.

Through the app’s “Add to Cart” feature, they would be able to submit bids on multiple properties.

“The OPA is 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 buying Pag-IBIG Fund’s acquired assets convenient and more accessible,” said Department of Human Settlements and Urban Development (DHSUD) and Pag-IBIG Fund Board of Trustees head Secretary Jose Acuzar.

“We are in the digital age. The OPA is part of our continued commitment to harness technology, with the ultimate objective of helping the Filipino worker achieve their dream of homeownership,” added Pag-IBIG Fund Chief Executive Officer Marilene Acosta.

Full implementation of the OPA will begin on January 1, 2025, while manual bidding will still be available until December 31, 2024. —Jiselle Anne Casucian/VBL, GMA Integrated News