President Danilo Medina says that properties belonging to the State can no longer be sold until they have been properly assessed to determine the real sales price.
According to the administrator of the National Assets Department, Emerson Soriano, under previous administrations, land and property belonging to the State was often sold at rock bottom prices to third parties, including government officials.
In the future, he said that they would be sold at their real market value.
In an interview with Listin Diario published yesterday, Monday 9 February 2015, he went on to explain the problems with the National Land Registry Program where there are still problems in obtaining title deeds, especially for older properties.
Soriano said that he has proposed an amnesty on some of the existing procedures in order to create new title deeds in such cases, and he is waiting for a final decision from President Medina and the Permanent Commission for State Land Registration, chaired by Minister of the Presidency, Gustavo Montalvo.
http://www.listindiario.com/economia-and-negocios/2015/2/8/355532/El-Estado-prohibe-las-ventas-de-sus-propiedades