National Census of Real Estate in the Dominican State: Valuation and Cataloging of State Assets

2023-07-02 18:33:34

President Luis Abinader instructed the General Directorate of National Assets to carry out the first national census of real estate in the Dominican State, a historic movement whose main objective is the cataloging and valuation of all state real estate.

This project, which will take place from July 3 to 21, will allow for a detailed and reliable record of the nation’s real estate capital, which to date has not been precisely quantified, according to the Presidency.

“The result of this census will offer a clear and complete image of the State’s real estate assets, which include: Central Government assets and buildings, decentralized institution buildings, vital infrastructures such as roads, hydraulics, and electricity, mixed institutions with the State, mixed real estate shares with the State, mining assets owned by the State and land owned by the Dominican State,” read part of the statement.

For this project, the Government indicated that an execution plan has been designed that includes the implementation of specialized technology for the storage, monitoring and control of the information obtained.

This project management system will allow efficient and continuous data management.

CENSUS IN THREE PHASES

The census will take place in three key phases: the first phase will consist of collecting information from all state properties.

The second will be the physical census of the real estate of the Dominican State, which will confirm and complement the information collected in the first phase. Finally, the results of the census will be presented.

“In a future vision, this census is expected to facilitate the creation of regulations that ensure the automation of the system. In this way, all the assets acquired by the Dominican State will be registered monthly in real time, as well as the assets that leave the state system,” the aforementioned document indicated.

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