Auction of State Property in Panama

Three plots located in Davis and Albrook, in the provinces of Colón and Panama respectively, will be auctioned to the highest bidder by the Reverted Property Unit.

Thursday, March 15, 2012

A statement from the Ministry of Economy and Finance reads:

Strategic properties in the provinces of Panama and Colon will be auctioned by the Administrative Unit of Reverted Property (UABR) of the Ministry of Finance shortly.

The land plots soon to be auctioned are located in Davis (Columbus) and Albrook (Panama), and the initial values of the bids range from B / 83,054.88 to B /204,710.40 and will be delivered to the highest bidder after an auction process.

The land in Davis will be auctioned on March 20th, with bidding starting at a value of B /83,054.88. On March 22nd another plot will be auctioned at Davis, which has an initial value of B / 86,500.80 and on March 27th the property located in Albrook whose initial value is B / 204,710.40 will be auctioned.

Bidders can call 511-9600 / 511-9700 / 511-9823 in Panama, and 470-0423 in Colon. They can also visit the web page www.mef.gob.pa (Section of UABR). The conditions are available on the webpage www.panama.compra.gob.pa.

More on this topic

Property Auction in Panama

February 2012

The Ministry of Economy and Finance has announced the auction of two lots located in Albrook and Los Llanos.

From a press release from the Ministry of Economy and Finance:

Two lots located in Albrook and Los Llanos de Curundú will be auctioned by the Administrative Unit of Reverted Areas at the Ministry of Economy and Finance in the last week of February.

Panama Auctions Building for $ 1.5 Million

February 2011

On February 15 will take place a public auction for a building in Espinar, Colon Province, for the amount of $ 1,457,130.

The auctioned property is of mixed commercial and residential use, with a total area of 6,256.67 square meters.

Also in February the Administrative Unit of Reverted Land of the Ministry of Economy and Finance (UABR) will auction two lots in Colon: one located in Davis for a starting bid value of $ 106.747 and another in Margarita for $ 74.995.-

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:

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.

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