In the remainder of July lots will be auctioned in Gamboa, Llanos de Curundú and Farfan, for $500,000, and in August lots will be auctioned in Albrook and Howard, for $2.5 million.
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:
The Administrative Unit of Reverted Properties (UABR) under the Ministry of Economy and Finance, will resume public auctions of property in August, said Luis Felipe Icaza, Executive Secretary of the Company.
The Savings Bank will auction two lots with R2D2 zoning located between the North corridor and the residential complex Villa de Las Fuentes 2, in Betania.
Both lots measure 10.7 hectares and include R2D2 zoning, ie they are suitable for housing. Companies interested in acquiring these lots may submit their letters of nomination up until February 9.
The Ministry of Economy and Finance in Panama is considering bringing forward auctions of reverted lands in order to increase state revenues faster.
Minister Dulcidio de La Guardia proposed that the Administrative Unit of Reverted Properties (UABR) bring forward the sales in order to mitigate deficiencies in the state of public finances.
The Secretary General UABR, José Antonio Serracín told Panamaamerica.com.pa that "...At the end of August it is estimated that a a total of $7.1 million will have been auctioned. "
The Ministry of Economy and Finance in Panama plans to auction several plots in Sector Cardenas, Ancon.
Panama Government Purchase 2014-0-16-0-08-SB-007317:
"PLOT No. CA01-13, WITH LAND AREA No. 16, 115.47 MTS2, LOCATED IN THE FIELD OF CARDENAS, ANCON, DISTRICT AND PROVINCE OF PANAMA, INDUSTRIAL HEAVY ZONING (IP), STARTING VALUE FOR OFFERS: B / 2177977.69. "
The Ministry of Economy and Finance of Panama is to auction a parcel of land located in Sector Cardenas in Ancon.
Panama Government Purchase 2014-0-16-0-08-SB-007311:
"PLOT No. CA01-19, WITH A LAND AREA OF 15466.79, LOCATED IN THE FIELD OF CARDENAS, ANCON, DISTRICT AND PROVINCE OF PANAMA, HEAVY INDUSTRIAL ZONING (IP), STARTING VALUE OF BIDS: B /. 2,824,235.85. "
The Ministry of Economy and Finance in Panama will be holding an auction of a parcel of land with an area of 33,428.58 m2 in the Community of Cardenas.
"AUCTION OF PUBLIC REAL ESTATE No. 2014-0-16-0-08-SB-006798
TO AWARD BY AUCTION PUBLIC GOODS No. 2014-0-16-0-08-SB-006798, FIRST CALL, THE SALE OF PLOT No. CA02-07, WITH A LAND AREA OF 33,428.58 MTS2, LOCATED IN THE COMMUNITY DE CARDENAS, Ancon, PANAMA DISTRICT AND PROVINCE, FOR RESIDENTIAL USE.
It has now been announced that ATLAPA will be sold directly in early 2014 for $62 million, equivalent to 50% of its total value, which is estimated at $124.5 million.
As established by the Public Procurement Act, after three failed attempts the 55,000 m² site of the convention center will be sold directly for half of its value.
Solomon Shamah, administrator of the Panama Tourism Authority (ATP) said that by the beginning of next year it may be up for sale.
The Ministry of Economy and Finance in Panama is to hold an auction for a plot of land measuing 57,858 meters square in the Summit Sector, Ancon.
Panama Government Purchase 2013-0-16-0-08-SB-006 201:
AUCTION OF PUBLIC GOODS No. 59-2013, FIRST CALL TO GRANT FOR SALE PLOT No. SM01-4 LAND AREA 57858.17 M2, LOCATED IN THE SECTOR OF SUMMIT, Ancon, DISTRICT AND PROVINCE OF PANAMA, LAND USE - CANAL OPERATIONS AREA, STARTING VALUE OF BIDS (OFFERS AND COUNTER OFFERS): B/.3.243.297, 57. ($ 3,243,297.57).
The auction of the Atlapa convention center received no bids therefore a third attempt will be made with base price of $82 million.
No companies showed interest in the auction conducted by the Tourism Authority of Panama (ATP). It is estimated that the value of the land is $124.5 million.
In the third auction, the reference price for the land corresponds to two-thirds of the initial price, in other words, $82.2 million.
So far no interested parties have paid the deposit that enables them to bid for the convention center in the next auction scheduled for September 16.
Prensa.com reports: "Everything suggests that the story on that day will be no different. To date, no company has submitted the deposit required for participation in the auction which has a price tag of $124 million.
The Ministry of Economy and Finance will be auctioning the block of lots No. A, B, C Y BUNKER No. 692, located in Ancon.
Details of the auction:
Panama Government Purchase 2013-0-16-0-08-SB-005077
AUCTION OF PUBLIC GOODS No. 34-2013, SECOND CALL TO SELL IN BLOCK LOTS OF LAND N º A, B, C Y BUNKER No. 692, LAND AREA 10139.87 M2, LOCATED IN THE COMMUNITY OFALTOS DE CURUNDU, Township of Ancon, FOR RESIDENTIAL USE.
The Panama Tourism Authority has changed the date of the auction which was to be held this August 1 to August 7.
Prensa.com reports: "For those interested in participating in the auction, the starting price is $123.3 million, they must submit their proposals at least two business days prior to the public meeting and during the hours of 8:30 a.m. to 3:30 pm, that is, until Monday August 5 ".
The Ministry of Economy and Finance in Panama is to auction land measuring 657,909 meters square located in the town of Cerro Galera, Province of Panama.
PUBLIC GOODS AUCTION No. 12-2012, FIRST CALL TO GRANT THE SALE OF LAND IN POLYGON No. P-S/N1, MEASURING 657,909.71 M2, LOCATED IN THE TOWN OF CERRO GALERA, TOWNSHIP OF VERACRUZ, ARRAIJAN DISTRICT, PROVINCE OF PANAMA, FOR RESIDENTIAL HOUSING FOR LOW AND MEDIUM DENSITY - MIXED USE AREA - URBAN CENTER - EMPLOYMENT GENERATION AREA, ESTIMATED VALUE B/.16, 797,200.75.