Are there bank foreclosed properties available in Makati?

Yes. Soolok lists verified bank foreclosures in Makati from partner banks including Security Bank, BPI, Metrobank, UnionBank, and Pag-IBIG Fund. Properties range from houses and condos to vacant lots, priced up to 50% below market value.

How do I buy a foreclosed property in Makati through Soolok?

Submit an inquiry through Soolok for any Makati listing. Soolok handles all communication and paperwork with the holding bank. Once your offer is approved (typically 2-3 weeks), you pay a 20-30% cash downpayment and arrange financing for the balance.

Does Soolok charge any fees for helping me buy a foreclosed property?

No. Soolok does not charge buyers any service fees or commissions. The only costs you pay are government transfer taxes and any bank loan application fees.

Bank Foreclosed Properties in Makati | Soolok

The Philippines' financial capital, where banks are selling condos at below-developer prices as the supply correction plays out.

Bank Foreclosed Properties in Makati

The Philippines' financial capital, where banks are selling condos at below-developer prices as the supply correction plays out.

Makati's premium residential market is experiencing its deepest correction in over a decade. Condo vacancy in the BGC and Makati CBD area hit 22% in 2025, driven by a multi-year supply pipeline that landed during the post-pandemic rental slowdown. Banks that financed pre-selling units which buyers defaulted on are now liquidating those assets at recovery pricing - typically 20 to 35% below the original developer contract price. For a market that historically appreciates 5 to 8% annually, that discount represents years of future gains embedded in the acquisition price.

Makati's office market remains the densest in the country, with over 4 million sqm of Grade A office space at 85% occupancy as of Q1 2025. The expat community and BPO workforce drive reliable rental demand in Legaspi Village, Salcedo Village, and Rockwell. Studio and one-bedroom units in these areas yield 5 to 7% annually when tenanted by corporate lessees. The Makati City Subway - a 10.5 km underground line with 10 stations connecting to LRT-1 and MRT-3 - is under construction with Phase 1 targeted for 2028. Properties near confirmed station locations are still priced off the bank's recovery target today.

Tap Inquire on any listing to connect with our team. We'll verify the title status, advise on outstanding real property taxes, and coordinate a physical inspection of the unit. Makati foreclosures move faster than any other market on this list - properties with clean titles at the right price rarely stay available beyond a few weeks.

How to Buy a Bank Foreclosure in Makati Through Soolok

Buyers deal only with Soolok - no need to visit or contact multiple banks. Submit an offer form for any listing. Soolok processes and submits it to the holding bank. Approval typically takes 2-3 weeks. The buyer then pays a 20-30% cash downpayment. The balance can be financed through the holding bank's in-house loan or any bank of the buyer's choice. Move-in timelines range from 1 month (in-house financing) to 3-4 months (third-party financing). Soolok does not charge buyers any service fees or commissions.

Frequently Asked Questions

Are bank foreclosures in Makati sold "As Is, Where Is"?: Yes. Almost all bank foreclosures are sold on an "As Is, Where Is" basis. The buyer accepts the property in its current physical and legal condition. Soolok strongly recommends conducting an ocular inspection before submitting an offer.
What banks sell foreclosed properties in Makati?: Soolok lists verified foreclosures from Security Bank, BPI, Metrobank, UnionBank, and Pag-IBIG Fund, among others. All listings are sourced directly from the holding banks and verified before being published.
Can I use Pag-IBIG to finance a foreclosed property in Makati?: Yes. Soolok is Pag-IBIG accredited. Buyers can use Pag-IBIG Fund savings to finance the balance after paying the 20-30% cash downpayment to the selling bank. Pag-IBIG financing requires at least 24 monthly contributions and the property must meet Pag-IBIG's appraisal requirements.
Does Soolok charge buyers any fees?: No. Soolok does not charge buyers any service fees or commissions. The only costs a buyer pays are government transfer taxes and any loan application fees charged by their chosen bank or financing institution.