Gov't eyes ₱30-billion privatization pipeline after ₱1-billion Atrium of Makati sale
The Philippine government has successfully sold a floor of the Atrium of Makati for ₱1 billion, contributing to a strong privatization revenue haul for 2026. Officials plan to continue disposing of idle government assets, with a pipeline valued at approximately ₱30 billion.
Why it matters
Privatization of idle assets is a key strategy for the government to generate non-tax revenue and improve fiscal health.
More idle government assets valued at roughly ₱30 billion are expected to be disposed of through privatization as the government successfully completed the ₱1-billion sale of one floor of Atrium of Makati, bringing first-half revenues close to the full-year figure for 2025.
On Thursday, July 16, the Marcos Jr. administration—through the Department of Finance (DOF)-attached Privatization and Management Office (PMO)—sold the entire fifth floor of Atrium to Makati City-based Sanpiro Realty Development Corp. The sale covers 24 condominium units and 21 parking slots.
This first transaction with Sanpiro pushed privatization revenue to ₱1.9 billion in the first half of 2026, nearly matching the ₱2-billion haul for the whole of 2025.
Chief Privatization Officer (CPO) Michael Peter A. Alejandro told reporters on the sidelines of the signing of the deed of sale that the asset in question was last used in 2019 and has been idle for six years.
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