A RESTRICTED form of competition for property conveyancing was yesterday proposed by the Law Society, which said astute property buyers might be able to halve their conveyancing fees. Law Society president Roderick Woo Bun said he thought the new system was fair to both the public and lawyers. After a lengthy meeting, the body's council proposed setting base fees for property sales in five bands based on the price of the property. As long as solicitors quoted figures higher than this, the amount paid would be subject to negotiation. For properties between $2 million and $5 million, the base fee would be $16,000, covering agreement for sale and assignment. The scale fees at present run from $16,750 for a $2 million flat up to $32,000 for a $5 million flat. Law Society figures state the base figures across all property values are between 50 and 92.5 per cent of the current scale fees, which are compulsory charges with no element of negotiation. Mr Woo said: 'The reason for the base fee is that we calculate that if a solicitor is to do a decent job they cannot spend less than a minimum number of hours in dealing with the matter.' But Yolanda Fan Pui-lan, spokesman for the Solicitors Concern Group, said the society had dodged the most difficult issues and the ones where 'public anger' against lawyers was greatest. Yesterday's proposals concerned only flats in the secondary market, while many consumers complain the biggest conveyancing rip-offs are flats bought from developers. The Attorney-General last week won applause by saying he would legislate to scrap all forms of fee fixing for conveyancing work unless the society came up with an acceptable alternative.