Panama Auctions Properties for $ 12 Million

Auctions valued at $ 12.5 million will be made during the first quarter of 2011.

Wednesday, January 5, 2011

The auctions will be conducted by the Unit of Reverted Property (UABR) of the Ministry of Economy and Finance.

In January, the UABR will auction two low-density residential lots, located in the community of Margarita, in the Atlantic region, for an amount close to $ 122.342.

In February they will conduct eight auctions, with values is in the order of $ 11.6 million. The auctioned houses and lots are located in Espinar, Davis, Margarita, La Boca, Albrook and Valle de San Francisco (on the road by the Centennial Bridge) where three mixed-use commercial high-density urban lots are located .

In March 2011, the assets auctioned will be six residential low density lots for an initial bid of $ 845.399.

Among the goods auctioned will be a 6,256.67 square meter square building with an estimated value of $ 1.2 million.

More on this topic

Land Auction for $3.8 million

February 2013

The Ministry of Economy and Finance in Panama is to auction two lots located in the Community of Cardenas and another in the community of Balboa.

Auctions are for the sale of:

PLOT No. CA02-1, land area of 9937.07 MTS2, LOCATED IN THE COMMUNITY OF CARDENAS, Ancon, district and province of PANAMA WITH LAND USE – INSTITUTIONAL SERVICES HIGH INTENSITY NEIGHBORHOOD (Siv3), RESERVE VALUE FOR BIDS (OFFERS AND COUNTEROFFERS): $2,519,047.25.

Auction of Land for $2 million

November 2012

A plot measuring 9000 meters square in the community of Cardenas, Panama Province is to be auctioned.

Public Goods Auction No. 02-2013, FIRST CALL, to provide for sale a plot of land No. CA02-1.

Lot area 9937.07 MTS2, located in the community of Cardenas, Ancon, PANAMA district and province.

New Property Auction in Panama

August 2012

The Ministry of Economy and Finance announced for the month of September an auction of properties part of the ‘Bienes Revertidos ‘ (Reverted Properties) with values from $70,000 to $15 million.

A press release from the Ministry of Economy and Finance states:

In September, the Administrative Unit of Reverted Properties (UABR in Spanish) will auction properties in the provinces of Panama and Colon.

Property Auction in Panama

December 2011

The Ministry of Finance will auction a plot in the community of Albrook, worth $1.07 million.

Public goods Auction No. 38-2008.

Second tender for the sale of land, Plot No. ALB-13.

Land area is 8762.19 square meters and is located in the Community of ALBROOK, Township of Ancon, District and Province of Panama, and is for residential use.

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