President Ferdinand Marcos Jr. has put the government’s Mile-Long Property in Makati back on the sale track, potentially turning a prime 22,924-square-meter state asset into fresh funds for priority programs.
Under Administrative Order No. 50, signed Sept. 30, management of the property will return to the Privatization and Management Office (PMO) from the Bases Conversion and Development Authority (BCDA).
The move could pave the way for the government to monetize the property in Makati’s central business district and generate fresh non-tax revenues as the administration seeks more fiscal room for development spending.
The Department of Finance recommended the transfer as part of efforts to maximize state assets, strengthen government finances and support priority programs.
The property, registered in the name of the National Government, was placed under BCDA management in 2020 through Administrative Order No. 21.
But a sale is not yet a done deal.
The PMO must secure approval from the Privatization Council before the property can be sold or disposed of through another authorized arrangement.
Marcos also ordered the Department of Budget and Management to study how proceeds from the property’s eventual disposition could be channeled into priority government programs, subject to existing budget rules and procedures.
The order effectively returns the Mile-Long property to the government’s privatization arm, signaling a renewed push to turn state-owned real estate into cash.
The timing and value of any transaction will depend on the government’s valuation, disposal process and required approvals. The property’s location in one of the country’s prime commercial districts, however, makes its potential sale a closely watched government-asset transaction.
