Section 2
SEC. 2. Section 4 of P.O. No. 1616 is hereby amended to read as follows: "SEC. 4. Transfer of Administration and Properties— The ownership of the properties of national government agencies located within Intramuros shall, upon agreement with the agencies concerned, be transferred to the Administration. The properties of government corporations, on the other hand, shall, subject to mutually acceptable terms and conditions, be sold to the Administration. In the case of government financial institutions sale to the Administration of their properties shall also include acquired assets located within Intramuros. The administration of Fort Santiago, the Sunken Garden, the Municipal Golf Links, including concessions within the Sunken Garden and elsewhere on public land and other public properties in Intramuros, are hereby transferred to the Administration, without prejudice to the operation of the Municipal Golf Links by the City of Manila or other organization as may be approved. All proposed transactions affecting private properties within Intramuros shall be registered with the Administration. The Administration shall, in the case of sale, have the right of first refusal.