The government may lower the minimum price for releasing a site for auction after persistent calls from property developers. Deputy Secretary for Housing, Planning and Lands Thomas Tso Man-tai yesterday said the government was examining how to improve the application list system, from which sites are released after bids are received from developers. 'We have received many suggestions on how to improve the application list; one of them is to lower the base price,' he said. A developer wanting a site put up for auction must put in a bid at or above the base price and agree to buy the site for that price if it does not sell at auction. Developers have been complaining that base prices are too high, which makes the eventual sale price even more expensive. No residential sites have been put up for auction under the list system since October, and there have been only two failed attempts this year. Chinese Estates Holdings chairman Thomas Lau Luen-hung said: 'The government shouldn't lose anything by lowering the base price.'