DOF completes sale of Makati property for PhP1 Billion, boosts revenues for national development
The Department of Finance (DOF), through the Privatization and Management Office (PMO), has successfully completed the PHP 1-billion sale of government-owned units at the Atrium of Makati, marking another milestone in the government’s efforts to maximize the value of state assets and generate additional resources for national development. “This sale demonstrates our commitment to turn […] The post DOF completes sale of Makati property for PhP1 Billion, boosts revenues for national development appeared first on Department of Finance .
Source: Philippines Department of Finance · July 23, 2026 at 11:07 PM · AI-assisted report
KUALA LUMPUR, 24 JULY 2026 —
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Headline: DOF completes sale of Makati property for PhP1 Billion, boosts revenues for national development Lead: The Department of Finance (DOF), through the Privatization and Management Office (PMO), has successfully completed the PHP 1-billion sale of government-owned units at the Atrium of Makati, marking another milestone in the government’s efforts to maximize the value of state assets and generate additional resources for national development. “This sale demonstrates our commitment to turn […] The post DOF completes sale of Makati property for PhP1 Billion, boosts revenues for national development appeared first on Department of Finance . Body: The Department of Finance (DOF), through the Privatization and Management Office (PMO), has successfully completed the PHP 1-billion sale of government-owned units at the Atrium of Makati, marking another milestone in the government’s efforts to maximize the value of state assets and generate additional resources for national development.
Market Impact
“This sale demonstrates our commitment to turn idle government assets into revenues that strengthen our capacity to fund priority programs and support long-term national development,” Finance Secretary and Privatization Council (PrC) Chair Frederick D. Go said.
The transaction, which covers 24 condominium units and 21 parking slots, propelled the PMO’s total collections to PHP 1.87 billion in the first half of 2026—matching its total collections for the whole of 2025 and surpassing its full-year 2026 collection target by nearly 150%.
Chief Privatization Officer (CPO) Michael Peter A. Alejandro underscored the PMO’s continuing commitment to maximizing the value of government assets 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,” he said.
To further accelerate the government’s privatization program and enhance transparency, the Privatization Council recently approved updated privatization guidelines that expand the available modes of asset disposition, including the acceptance of unsolicited offers, providing greater flexibility in the disposition of government assets.
These reforms will help accelerate the strategic disposition of government assets, enabling the State to unlock greater value from underutilized properties, strengthen non-tax revenue generation, and support priority programs. Source: Philippines Department of Finance Published: 2026-07-16T06:02:19.000Z Region: OSINT Topic: Economy (AI-assisted rewrite, based on the original source)