Martinelli Insists on Land Sales

The Panamanian President indicated that the recommendations of the National Coalition for Development on the subject are not binding.

Thursday, June 28, 2012

Amongst the National Coalition for Development’s recommendations, what the Panamanian government will comply with is not selling state shares in power and telephone companies.

Regarding the land in Arrayan, which has a combined value of nearly $168 million, according to Cabinet Resolution No.59 published in the Official Gazette the following was resolved:

That the Interinstitutional Commission for the Administration of Reverted Properties in a regular session held on October 10, 2011 and January 19, 2012, recommended to the Minister of Economy and Finance, to proceed with the sale by public auction of the following property, located in the area of Altos de Bátele, district of Veracruz, Arrayán district, province of Panama ... "

In relation to land in Veracrus, Farfan and Amador, which has a combined value of nearly $81 million, according to Cabinet Resolution No.60 published in the Official Gazette the following was resolved:

"That the Commission for the Administration of Reverted Properties in a meeting held on March 12, 2012, recommended that the Minister of Economy and Finance, proceed to sell individually or collectively, by public auction, " six plots in Veracruz, one in Farfan, and one in Amador.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Panama: Auction of Lots for $2.2 million

July 2015

The Reverted Property Unit will be auctioning lots in August for residential or commercial development in Gamboa, Margarita, Davis and Espinar, in the Atlantic sector and in Farfan and Ancon on the Pacific.

From a statement issued by the Ministry of Economy and Finance:

Panama: Calendar for Auctions of Reverted Property

January 2015

The Administrative Unit of Reverted Properties expects to auction 87 properties this year, with reference prices ranging from between $150,000 and $47 million.

Two of the properties which are soon to be auctioned are located in Llanos de Curundú, three in Margarita, two in Gamboa, two in Los Santos Province, one in Farfán and three in Veracruz.

Sale of 16 Acres Just Minutes From Panama City

August 2012

The Administrative Unit of Reverted Properties has announced the sale of Plot PS01-5 in Altos de Batele, on the Pacific coast, at approximately $38 million.

The land is located just minutes from Panama City, south of the entrance to the Canal, near the Panama Pacífico Special Development Zone.

More Property Auctions in Panama

May 2012

The Administrative Unit of Reverted Properties in the next few months will continue with the sale by auction of properties with great potential for investment.

The land in Clayton CL-22, with an area of 4,715.88 m2, has an estimated value of B / 825,279.00, and is zoned as low-density residential and medium intensity and will be awarded to the highest bidder.

ok


Quality Realty Costa Rica

Our company`s service is designed for making easier the job for its clients, offering them alternative solutions for their Real Estate needs, while giving an optimum and timely service in record time.
Operates in Costa Rica
Phone: (506) 2272 9494

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 21)
Brent Crude Oil
87.070
Coffee "C"
237.55
Gold
1,836
Silver
24.26