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MANILA—The City Government of Manila has officially acquired a prime property along C.M. Recto Avenue to serve as the permanent campus of the Universidad de Manila (UDM).
In a social media post by the Manila Public Information Office, Mayor Francisco “Isko” Moreno Domagoso spearheaded the ceremonial signing of the Contract to Sell with the Landbank of the Philippines at the Bulwagang Katipunan in Manila City Hall on Thursday, November 12.
Through the agreement, the local government purchased the real estate asset for ₱975 million, securing a substantial discount from its original ₱2.3-billion valuation.
Highlighting the cost-saving milestone during the ceremony, Mayor Domagoso noted, “Ito pong property na ito ay nagkakahalaga ng tumataginting na ₱2.3 billion. Kaya ko kayo pinapapalakpak sa kanila eh, kasi nakuha lang natin ng ₱975 million.”
Manila PIO E×ρréššed that establishing a permanent site within Manila's historic University Belt is expected to significantly boost UDM's operational capacity.
The acquisition paves the way for upgraded academic facilities and broader access to quality higher education for young Manileños.
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Date posted: November 12, 2026 9:43 PM