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    Uzbekistan

    Record-breaking online auctions with 670 participants garner massive interest with surging prices in Uzbekistan

    Record-breaking online auctions with 670 participants garner massive interest with surging prices in Uzbekistan

    The results of online auctions held on July 14 showcased a diverse range of assets being sold, including state assets, empty non-residential buildings, shopping complexes, land plots, and mobile sales places. A total of 367 lots were presented during the auctions, with significant increases in the selling prices of some lots compared to their initial prices. The auctions attracted participation from 670 legal entities and individuals, highlighting the active interest in acquiring these assets. 

    Also, 197 lots with an initial price of around $1.6 mn were sold for around $2.2 mn. State assets are 21 currently. The initial price is around $604,000 and the selling price is $1.9 mn. The empty non-residential buildings and structures on the balance sheet of JSC "Asakabank" with the initial price of over $82,000 located in Izboskan district of Andijan region were sold for over $86,000.

    The modern shopping complex "Piskent Farmer's Bazaar" in the balance sheet of JSC "NBU invest group" with an initial price of over $690,000, located in Piskent district of Tashkent region, was sold for over $725,000. Land plots are 60 currently with a land area 1.5 ha. The initial price is around $55,000 and the selling price is over $66,000. A plot of 25 hectares of land was sold for over $15,000 from Fergana district of Fergana region, with an initial price of over $14,000 for the construction of construction industry enterprises.

    Photo: INFORMATION ON THE RESULTS OF THE ELECTRONIC TRADE PLATFORM "E-AUCTION", July, 2023
    Source: The official Telegram channel of the State Asset Management Agency of the Republic of Uzbekistan

    In Pakhtakor district of Jizzakh region, a plot of 4 acres of land was sold for around $4000 for the construction of an individual house with an initial price of around $3500. Mobile sales places are 97 and the initial price is around $1600 while the selling price was around $55,000. In Samarkand, Samarkand region, a mobile shopping place with an initial price of around $9 was sold for over $100670 legal entities and individuals participated in the auctions. Currently, 130,686 lots worth around $682 mn are put up for sale.

    The active participation from numerous legal entities and individuals indicates a vibrant market for these assets. With a significant number of lots still available for sale, the market offers ample opportunities for potential buyers.

    17.07.2023, 20:05   Comments (0)   897
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