From plots of land worth RD$650,000 to properties exceeding RD$57 million, the catalog reveals the real value of the assets that will enter the market in the first public auction
SANTO DOMINGO.- The first public auction of the National Institute of Custody and Administration of Seized Assets (INCABIDE) will put on the market a real estate portfolio with prices ranging from RD$650,000 to more than RD$57 million, according to the official catalog.
Among the most affordable options are several plots of land in Baní, with parcels of approximately 200 square meters starting from RD$650,000, while others with improvements reach one million pesos.
In Boca Chica, starting prices for apartments in the Boca del Mar Tower are RD$3,850,000 for units of 50.70 square meters, such as those identified as BMI-213, BMI-313 and BMI-413. In the same complex, larger apartments, such as BMI-708 (71.10 m²), reach RD$5,600,000.
Properties that exceed RD$20 million
The catalog also includes high-value properties in tourist and urban areas. In Bayahibe, a furnished apartment in Cadaqués, unit 054-2 with 119.02 m², has a starting price of RD$20,600,000, while another smaller unit starts at RD$6,250,000.
In La Romana, a two-level vacation home in Buena Vista Norte, with an area of 951.83 m², is up for auction for RD$31,750,000. In the same province, a property with a recreational pool has an initial bid of RD$2,400,000.
In premium areas, a plot of land in Cap Cana, within the Yarari complex, stands out, with 2,770 square meters and a base price of RD$25,300,000, as well as a vacation building in Verón-Punta Cana, with six apartments, valued at RD$24,900,000.
The National District has the highest prices
In Greater Santo Domingo, particularly in the National District, are some of the most expensive properties in the catalog.
At the top of the list is an apartment in La Esperilla, in the Pedro Henríquez Ureña tower, with 352 square meters and an initial bid of RD$52,000,000.
Next is an apartment in the Blue Tower, in Naco, with 428.72 m², valued at RD$39,900,000, as well as a house in the El Millón sector with a price of RD$32,100,000.
Other notable properties include apartments in Piantini, such as units in Tower G-31 with prices between RD$6,700,000 and RD$7,900,000, and properties in Bella Vista, Serrallés and Gazcue that range between RD$10 million and RD$16 million.
Even within this same area, more affordable options can be identified, such as an apartment in Ciudad Nueva with a starting price of RD$2,700,000.
Santo Domingo East and other provinces: average prices and opportunities
In Santo Domingo East, the catalog includes multiple apartments in areas such as Alma Rosa and Vista Hermosa, with prices ranging from RD$4,550,000 to RD$8,400,000, depending on the size and location.
Commercial premises are also offered in Villa Faro, within Plaza Anthony, with prices ranging from RD$1,300,000 to RD$6,500,000.
In Santo Domingo Oeste, a house in the Paraíso del Caribe urbanization has a price of RD$11,200,000, while a plot of land in Alameda starts from RD$8,300,000.
Outside of Greater Santo Domingo, the catalog includes a house in Santiago for RD$8,800,000, apartments starting at RD$6,000,000 in Los Cerros de Gurabo, and lots starting at RD$2,150,000.
The most expensive property in the catalog
Among all the assets, a plot of land in Jarabacoa stands out, located in the Corocito sector, with an area of 32,701 square meters and an initial price of RD$57,500,000, positioning itself as the most expensive in the entire auction.
Starting prices, not final prices
The values listed in the catalog correspond to the initial bids, which means that the final price will depend on the interest generated by each property during the auction process.
This mechanism allows assets to be acquired above their base value, especially in the case of properties located in high-demand areas or with differentiating characteristics.
Recommended readings:
- This is the list of properties that will be offered by INCABIDE in its first auction of assets
- Global Property Guide places rental profitability in Santo Domingo at close to 9%, surpassing Mexico and Brazil
- The Dominican Republic is growing faster than the region, according to the IMF, but the new global cycle could put pressure on the real estate sector's dynamism
