Movable goods totaled RD$12,665,000 in sales, according to the entity's data
SANTO DOMINGO.- After closing the registration for the first public auction with a total of 345 participants, the National Institute of Custody and Administration of Seized, Confiscated and Extinction of Ownership Assets (INCABIDE), announced that it reached a total collection of RD$562,835,000, as a result of the process developed in accordance with the provisions established in Law 60-23 on Extinction of Ownership.
The entity stated that a total of 100 movable and immovable assets were sold during the auction, out of the 143 items put up for auction, achieving a sales rate of 68% of the total. Of the total sold, 52 were real estate and 48 were movable assets.
He also said that real estate sales reached RD$550,170,000, while movable goods totaled RD$12,665,000 in sales.
INCABIDE also highlighted the broad participation of citizens and companies interested in being part of this process, developed under criteria of transparency, legality and institutional organization, according to a press release.
Similarly, the institution indicated that 4 properties were declared unsold, while 43 properties remained pending for future phases of the disposal process, in accordance with the procedures established by current regulations.
With this first public auction, INCABIDE maintains that it reaffirms its commitment to the proper administration of seized, confiscated and forfeited assets, guaranteeing transparent and efficient processes aligned with the institutional strengthening of the Dominican State.
The context
INCABIDE's first public auction encompassed a total of 143 movable and immovable assets, with the National District leading the list with 28 properties, followed by Santo Domingo East with 27, Santiago with 8, and locations such as Boca Chica and Baní with five properties each. Key destinations like Verón-Punta Cana, Bayahíbe, Cap Cana, and Guayacanes were also represented.
The offer ranges from apartments in established areas such as Naco, Piantini, Bella Vista, Gazcue and La Esperilla, to houses in residential areas and land in areas with development potential in provinces such as La Vega, Peravia, Puerto Plata and La Altagracia.
Some of the properties start at significant values, including apartments in the National District with initial bids exceeding 50 million pesos, as well as large plots of land in Jarabacoa with equally high base prices.
