THE GOVERNMENT plans to sell three more big-ticket assets this yr, including the Food Terminal, Inc. (FTI) and Mile Long properties, the Privatization and Management Office (PMO) said.
This after the PMO on Thursday accomplished the sale of state-owned properties on the Atrium of Makati. It sold 24 condominium units and 21 parking slots on the Atrium to Sanpiro Realty Development Corp. for about P1 billion.
“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,” PMO Chief Michael Peter A. Alejandro said.
“We’ll construct on this momentum as we pursue other properties for disposition within the pipeline,” he added.
The transaction raised the PMO’s collections to P1.87 billion in the primary half, matching its full-year collections in 2025. It also exceeded this yr’s P753.64-million goal under the 2026 Budget of Expenditures and Sources of Financing by nearly 150%.
Mr. Alejandro said the agency is targeting the sale of three more major assets before yearend, including the FTI property currently estimated to be value about P20 billion, and the Mile Long property that’s valued at around P10 billion.
The federal government can be preparing to eliminate its stake in South Luzon Expressway (SLEX), although its valuation continues to be being finalized.
Mr. Alejandro said the estimates remain preliminary because these assets have yet to undergo appraisal. The minimum bid price may also must be approved by the Privatization Council before they might be auctioned.
“Those are rough estimates and that relies on zonal (value), roughly. So far as straight away, that’s sort of the valuation just to offer an estimate. But again, it will depend on the market,” he added.
Mr. Alejandro said that the federal government still has a protracted list of assets that it plans to eliminate, with prioritization given to greater assets.
“But I feel, what is essential for PMO now could be to prioritize those which are really idle and that might really spur economic activity,” he added.
“We hope for the tip of the third quarter for Mile Long, after which the fourth quarter for FTI. Those are our targets, hopefully, we’re capable of sell it,” he said.
For the federal government’s stake in SLEX, Mr. Alejandro said the auction may very well be held within the early a part of the fourth quarter.
Mr. Alejandro said the planned sale of the FTI and Mile Long properties, along with the federal government’s shares in SLEX, can be key to achieving the P101-billion privatization revenue goal this yr.
“That’s our goal, so we’re endeavoring to hit that P101 billion. But obviously, a whole lot of things must occur,” he said.
Meanwhile, Mr. Alejandro said the revised guidelines issued by the Privatization Council last yr have helped spur interest in public assets.
“We now have actually been getting a whole lot of unsolicited offers from the private sector, which is sweet, since there may be interest,” he said. “I feel that’s one very positive thing, we’re getting the market to truly initiate a few of these offers.”
Despite priority given to the larger assets, he said the smaller transactions would also help the federal government achieve its privatization revenue goal.
“They do add up… The worth of those transactions doesn’t matter, we just must be certain that that it’s fair for the federal government in order that we are able to reach our goal,” he added.
The revised guidelines, issued in March 2025, allow the federal government to entertain unsolicited offers from the private sector, adopt alternative modes of disposition, and accredit brokers for privatization transactions. — Justine Irish D. Tabile