Does anyone know the ‘oficial’ rate that the Dominican central bank is paying landlord owners who have titles in Bergantín?
- Thread starter pgolivares
- Start date
Price/cost of M2 in Bergantín
That you for info that the central bank sold that land long time ago. I thought that the central bank was the one that was buying back the land and/ir setting the price.
Do you know how much is m2 being bought/sold at these days ?
Do you know how much is m2 being bought/sold at these days ?
Banreservas is the owner now and the one financing its development. The CB has nothing to do with Bergantín unlike with Playa Dorada.
I don’t know for how much is the m2 going for or even if they are actually selling any land. Whatever the amount, if they are selling, most likely it’s subsidized by the government as Punta Bergantín has the direct support of Luis Abinader. He wants that to be a success yes or yes.
It’s similar to when the zona francas began to be developed, the government supported that as it was part of its development strategy. In that case land was sold in the new aona franca industrial parks (especially in those created by the government) and they were sold at very low prices to ensure local investor will invest in those industrial parks. It worked!
I don’t know for how much is the m2 going for or even if they are actually selling any land. Whatever the amount, if they are selling, most likely it’s subsidized by the government as Punta Bergantín has the direct support of Luis Abinader. He wants that to be a success yes or yes.
It’s similar to when the zona francas began to be developed, the government supported that as it was part of its development strategy. In that case land was sold in the new aona franca industrial parks (especially in those created by the government) and they were sold at very low prices to ensure local investor will invest in those industrial parks. It worked!
Thank you again NALs for the info.
The reason I’m asking about the price is not because I’m interested in buying but rather in selling and I want to make sure that I ask and/or ask a fair market value
Do you know if the banreservas has posted or has announced what they will pay for m2?
Apologies for the questions and round about.
The reason I’m asking about the price is not because I’m interested in buying but rather in selling and I want to make sure that I ask and/or ask a fair market value
Do you know if the banreservas has posted or has announced what they will pay for m2?
Apologies for the questions and round about.
Hi JD Jones,
Vin Diesel probably bought most of Bergantín but not all of it. I know this for sure.
Would you happen to know what he paid for m2 ?
Vin Diesel probably bought most of Bergantín but not all of it. I know this for sure.
Would you happen to know what he paid for m2 ?
Btw - I sent an email to contact@banreserva.com asking for the m2 price in Bergantín but they have not gotten back to me yet. Fingers crossed!
I was just kidding, of course. But may I ask why you want to sell? I would think it would be worth a lot more in the immediate future.
I still regret selling my farm in Puerto Plata next to the Tourism port.
No public information so far on the m2. At the moment Fiduciaria Banreservas is giving priority now to big investors.
De la mano de Banreservas, Karisma Hotels & Resorts desarrollará proyecto en Punta Bergantín • Online Plus
Karisma Hotels & Resorts firmó hoy un acuerdo con el Fideicomiso Punta Bergantín, administrado por Fiduciaria Reservas, para desarrollar
puntacana-bavaro.com
Its not just Karima, they also reached a desl with Hyatt to build a resort similar to the one it has in Cap Cana and Meliá will build a Paradisus with the help of Grupo Puntacana (it should be remembered that Frank Rainieri originally is from Puerto Plata.)
With the Hyatt I think they are targetting the upmarket. It would be interesting if Punta Bergantín developed a highly luxurious boutique resort like Casa Colonial in Playa Dorada or Tortuga Bay in Puntacana.
With the Hyatt I think they are targetting the upmarket. It would be interesting if Punta Bergantín developed a highly luxurious boutique resort like Casa Colonial in Playa Dorada or Tortuga Bay in Puntacana.
Valuable information so far regarding the plans for punta bergantín and the fact that there is no public information so far on the m2. Thank you all.
To add to this conversation…
I’m a great-grand-son of the original owner of the land. My grandfather and siblings have a title for the land.
At the moment we are being offered $40 per m2 but some of my uncles and aunts are saying this is too low. Others are saying this is the price the ‘investors’ are paying, that we should take it or risk loosing it all if the ‘government’ takes possession of it.
Hence my question on the around the price of the m2. What’s the price the m2? Is $40 a fair price ? Can the government take the land, even though we have a title, and pay us whatever they see fit?
Thoughts?
Any guidance would be greatly appreciated.
BTW - the email to contacto@banreserva.com was returned as undeliverable.
To add to this conversation…
I’m a great-grand-son of the original owner of the land. My grandfather and siblings have a title for the land.
At the moment we are being offered $40 per m2 but some of my uncles and aunts are saying this is too low. Others are saying this is the price the ‘investors’ are paying, that we should take it or risk loosing it all if the ‘government’ takes possession of it.
Hence my question on the around the price of the m2. What’s the price the m2? Is $40 a fair price ? Can the government take the land, even though we have a title, and pay us whatever they see fit?
Thoughts?
Any guidance would be greatly appreciated.
BTW - the email to contacto@banreserva.com was returned as undeliverable.
Some observations:
I don't think there is land available anywhere in this country for 40 dollars a meter. Sounds low to me too.
Yes, the govt. takes properties under imminent domain. It's a fact of life everywhere. If your land is in the middle of Vin Diesel's development it could happen to you. It's impossible to say at this point.
I sold my farm with 30 tareas of land with 100+ fruit trees and a restored two-story home with a 3-car garage back in 2002 so what I got for it is not relevant.
Thank you JD this is really good information. just as I thought, $40 m2 sounds too low and that the govt could in fact take the land under imminent domain (the land is that close to the big project where they could).
Q - is there an oficial site, agency or document that you know of that lists the price of the m2 in punta bergantín that we could make reference to when negotiating?
Believe me when I tell you, I trust you and know that $40 is way too low but I don’t have anything besides our words that $40 is too low. I need something besides our word in order to negotiate.
Can you or anyone on this forum help me?
You’re right what you got for your land is irrelevant, I was asking to sort of get a point of reference.
Thanks again for your help and invaluable information.
Q - is there an oficial site, agency or document that you know of that lists the price of the m2 in punta bergantín that we could make reference to when negotiating?
Believe me when I tell you, I trust you and know that $40 is way too low but I don’t have anything besides our words that $40 is too low. I need something besides our word in order to negotiate.
Can you or anyone on this forum help me?
You’re right what you got for your land is irrelevant, I was asking to sort of get a point of reference.
Thanks again for your help and invaluable information.
$40 is low. They will resell it for at least $150 m2 if they put villas there. Bergantin will be pricey like Playa Dorada. M2 are going from 130 to 165 in the area. Playa Dorada is probably higher. Cupey is high also and not that close to the beach. Remember, bergantin is beach property or extremely close to the beach