SANTO DOMINGO.– Five days before the first public auction of the National Institute for the Custody and Administration of Seized, Confiscated and Extinction of Ownership Assets (INCABIDE), the entity reminded participants that all successful bidders of movable and immovable property must make several mandatory payments on the same day as the auction.
The information was disseminated through a publication on the organization's official Instagram account, which details the amounts that the winners will have to cover during the bidding process scheduled for May 13th starting at 8:00 am, in the auditorium of the Autonomous University of Santo Domingo (UASD).
According to the institution, each successful bidder must pay 5% to the General Directorate of Internal Taxes (DGII), in addition to 2% for the auctioneer in charge of the auction.
INCABIDE urged those interested to take the necessary precautions to expedite the awarding process and avoid setbacks during the event, which will bring together hundreds of participants seeking to acquire properties and other assets offered by the State.
The reminder was part of the process involved in the provisions established in Law 60-23 on the administration and disposal of seized, confiscated and forfeited assets.
More than 300 people formalized their registration
The institution recently reported that some 345 people completed their registration to participate in the auction, exceeding the expectations initially projected by the organization.
The event will include the offering of dozens of properties distributed in different provinces of the country, including apartments, houses, plots of land and commercial premises located in areas such as the National District, Santo Domingo East, Santiago, Boca Chica, Verón-Punta Cana, Bayahíbe and Jarabacoa.
Properties ranging from RD$650,000 to over RD$57 million
According to the official catalog published by the entity, starting prices range from RD$650,000 for some plots of land located in Baní, to more than RD$57 million for large properties with high commercial value.
Among the most expensive properties are apartments in exclusive areas of the National District, tourist land in Cap Cana, and properties located in Jarabacoa and Punta Cana.
Authorities have reiterated that the assets included in the auction comply with due legal process and are part of the assets managed by the State under the mechanisms established in current legislation on confiscation and extinction of ownership.
As part of the transparency measures reported by the entity, the auction will also be broadcast live through INCABIDE's digital platforms.
Recommended readings:
