Duterte orders Mile Long property development

MANILA, Philippines — President Duterte has given the go-signal for the development of the two-hectare Mile Long property in the Makati Central Business District.

In his two-page Administrative Order No. 21 signed last Jan. 29, the President ordered the Privatization and Management Office (PMO) to lead the development of the property as its administrator.

Previously operated by the Sunvar Realty Development Corp., the Mile Long property is now controlled by the government.

The Court of Appeals issued a resolution on Aug. 14, 2017 upholding the order of Makati Metropolitan Trial Court (MeTC) Branch 61 on June 10, 2015 which directs Sunvar to leave the 2.9-hectare lot on Dela Rosa street.

The President noted that the development of the Mile Long property, “will greatly contribute to the generation of revenues for priority programs of the government, including among others, the pension program of military and uniformed personnel.”

The Department of Budget and Management is directed to study, propose or take such measures as may be  appropriate so that the proceeds of the development shall be used to fund the priority programs of the government.  

The AO specifically pointed out that the proceeds will be used for the pension program of military and uniformed personnel, subject to the budgetary process and applicable laws, rules and regulations.

The technical working group on the Mile Long property will be composed of representatives from the finance and budget departments, Bureau of Treasury, the PMO and the Bases Conversion and Development Authority.