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Foreclosed Properties For Sale in Metro Manila

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Real estate properties made affordable: Purchasing foreclosed properties for sale in Metro Manila

Real estate properties yield high ROI; it is no wonder that real estate is considered as one of the most expensive among all investments. However, for those who want to score properties that are below the market value to save money yet get the same high ROI, it is best to choose foreclosed properties for sale. 

What exactly are foreclosed properties? These are properties that the original buyer failed to pay for during the allotted time set by a financial institution. These properties are then opened for bidding or are sold below market value as an “as is, where is” product. Depending on your capabilities, you can pay for it by cash, short-term installment, or long-term installment. If you want to own a property whose value appreciates, it is best to go for foreclosed properties for sale in Metro Manila. Because of their prime location, the value of these properties is sure to increase, so you can rent out these properties or even resell them at a higher price.

Nearby Establishments

Foreclosed properties for sale in Metro Manila can come as a house and lot, condo unit, lot, or commercial space. These properties are close to essential establishments found in the metro. Malls near these foreclosed properties include:

  • Alabang Town Center

  • Gateway Mall

  • Glorietta

  • Power Plant Mall

  • SM Aura Premier

  • SM City North EDSA

  • SM Mall of Asia

  • SM Megamall

 

Educational institutions found in Metro Manila include:

  • Ateneo de Manila University

  • Mapua University

  • University of Asia and the Pacific

  • De La Salle University-Manila

  • Polytechnic University of the Philippines

  • University of the Philippines - Diliman

  • University of Santo Tomas

 

Medical institutions in Metro Manila include:

  • Chinese General Hospital and Medical Center

  • Jose R. Reyes Memorial Medical Center

  • Manila Doctors Hospital

  • Philippine General Hospital

  • Makati Medical Center

  • National Kidney and Transplant Institute

  • St. Luke’s Medical Center

 

The prices of foreclosed properties for sale in Metro Manila

Foreclosed houses and lots for sale in Metro Manila have two to six bedrooms. Some of these are located inside exclusive subdivisions and are offered in the market for PhP 2,050,000 to PhP 135,000,000. Do you prefer a condo unit? You can find units with one to three bedrooms that cost anywhere between PhP 2,205,000 to PhP 14,140,000. For investors looking for foreclosed commercial properties for sale in Metro Manila, you can buy a 2148-square meter commercial space for PhP 217,309,400 in Lancaster Hotel, Shaw Boulevard, Mandaluyong City. If you are interested in purchasing a versatile real estate property, go for a 379-square meter foreclosed lot for sale in Bagong Silangan, Quezon City that has a price tag of PhP 7,201,000.

Is it worth your money to buy foreclosed properties for sale in Metro Manila?

Yes. But make sure to inspect the property before sealing the deal. Include the cost of any repairs or renovation needed and add it to the total price of the property to determine if it is worth chasing the property or not. It is best to score a property in tip-top shape or just needs minimal repairs sold below the market price. These properties are sure to increase over time. And the better you maintain these properties, the higher the chance of you leasing them or reselling them at a higher price. 

Work opportunities

Most people would go to the metro to look for greener pastures. If you choose to reside in the foreclosed residential property you purchased in Metro Manila, you can work in one of the local or international companies based in the CBDs of Makati, Ortigas, Taguig, Quezon City, and Pasay.

FAQs

Are there foreclosed properties for sale in Quezon City?

Yes. You can purchase foreclosed houses and lots in the city for PhP 3,702,000 to PhP 135,000,000.

Are there foreclosed properties for sale in Muntinlupa?

Yes. Here you can find foreclosed houses and lots for sale for PhP 4,070,000 to PhP 7,220,000.

Are there foreclosed properties for sale outside Metro Manila?

Yes. All you have to do is visit MyProperty.ph and search for a foreclosed property in a location you prefer.