Pag-IBIG Fund on Friday launched the Pag-IBIG Acquired Assets Online Public Auction (OPA), allowing homebuyers to select from its properties for sale and submit their bids using an online platform.
Using any device with an internet connection, 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.
“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 Secretary Jose Rizalino Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund board of trustees.
Pag-IBIG Fund chief executive Marilene Acosta, who led the launch, emphasized the fund’s commitment to digitalization and capitalizing on technology for improved service offerings.
“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,” Acosta said.
Those who wish to bid manually can still do so Dec. 31, 2024. Full implementation of the OPA will be effective Jan. 1, 2025 for first (1st) and second (2nd) public auction, while OPA for negotiated sale will be rolled out in November this year.
