Sale matches the government’s entire 2025 privatization collections in just six months as it steps up efforts to monetize idle state-owned assets.
The government’s drive to monetize idle assets is gaining momentum after the Department of Finance raised another ₱1 billion from the sale of its stake in the Atrium property in Makati, bringing this year’s privatization proceeds to ₱1.87 billion in just six months.
The transaction covers 24 condominium units and 21 parking slots on one floor of the Atrium of Makati, allowing the Privatization and Management Office (PMO) to match its total collections for the whole of 2025 before the year is even halfway through. The agency has also exceeded its ₱753 million collection target for 2026 by nearly 150% in just the first two quarters.
Finance Secretary Frederick Go said the sale supports the government’s goal of turning idle assets into revenues that can help finance priority programs and long-term development.
“The successful 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,” Go said.
Finance Undersecretary and PMO Chief Privatization Officer Michael Peter Alejandro said the transaction demonstrates the agency’s continued efforts to maximize the value of government assets by bringing idle properties to the market through well-planned and competitive sales.
The government is also making it easier to dispose of state-owned assets after updating its privatization guidelines to allow unsolicited offers and more flexible methods of sale. If more transactions move forward, additional government properties that have long remained underused could generate billions of pesos that can be redirected to public spending instead of remaining tied up in idle real estate.
The DOF said it will continue implementing strategies to accelerate the sale of additional government assets through transparent, competitive, and efficient processes.
