by: Jumalynne Doctolero
QUEZON CITY, (PIA) — The Pag-IBIG Fund officially has launched its Online Public Auction (OPA) for acquired assets, enabling homebuyers to browse and bid on properties from the comfort of their homes.
Homebuyers can register for a permanent Buyer ID and explore available properties using any internet-connected device, eliminating the need to visit a Pag-IBIG branch. The new platform features an “Add to Cart” option, allowing users to submit bids on multiple properties with a single click.
“The OPA is Pag-IBIG Fund’s response to the government’s call for innovative solutions to make homeownership more accessible to Filipino workers,” said Secretary Jose Rizalino L. Acuzar, who chairs the Department of Human Settlements and Urban Development (DHSUD) and the Pag-IBIG Fund Board of Trustees.
“Through this new platform, we aim to simplify the process of purchasing Pag-IBIG Fund’s acquired assets.”
Pag-IBIG Fund Chief Executive Officer Marilene Acosta, who spearheaded the launch, highlighted the organization’s commitment to digitalization.
“We are in the digital age. The OPA is part of our ongoing effort to leverage technology to help Filipino workers achieve their dream of homeownership,” Acosta said.
For those who prefer traditional bidding, manual bids will still be accepted until December 31, 2024. Full implementation of the OPA will begin on January 1, 2025, for the First and Second Public Auctions, while the OPA for negotiated sales will be introduced later this month. (JVD/PIA-NCR)
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