The Department of Finance, through the Privatization and Management Office, has completed the sale of government-owned units at the Atrium of Makati to Sanpiro Realty Development Corp. for P1 billion.
The transaction forms part of the government’s continuing drive to maximize the value of state assets and generate additional resources for national development.
“This sale demonstrates our commitment to turning idle government assets into revenues that strengthen our capacity to fund priority programs and support long-term national development,” Finance Secretary and Privatization Council Chair Frederick D. Go said.
The sale covered 24 condominium units and 21 parking slots.
The transaction raised the PMO’s total collections to P1.87 billion in the first half of 2026, matching its collections for all of 2025 and exceeding its full-year 2026 collection target by nearly 150 percent.
Chief Privatization Officer Michael Peter A. Alejandro said the successful transaction reflected the agency’s continued push to maximize the value of idle government properties through strategic disposition.
“The successful sale of our Atrium of Makati units reflects the PMO’s continued efforts to bring idle government assets to the market through well-planned and competitive transactions. We will build on this momentum as we pursue other properties for disposition in the pipeline,” Alejandro said.
To accelerate the government’s privatization program and improve transparency, the Privatization Council recently approved updated guidelines expanding the available modes of asset disposition.
These include accepting unsolicited offers, which give the government greater flexibility in disposing of state-owned assets.
The DOF said the reforms are expected to speed up the strategic disposition of underutilized properties, strengthen non-tax revenue generation, and provide additional funding for priority government programs.