The Horizon development by Billion Development at Fo Chun Road in Tai Po offered 577 units out of a total of 667 for sale through tender. Photo: K. Y. Cheng

Hong Kong developers vow to sell 20 per cent of housing estate flats on the open market, yielding to criticism of unfair tender process

  • The decision by the Real Estate Developers Association was sharply criticised for not going far enough
  • It comes amid a steep climb in the use of sales via tender, an opaque bidding process that puts the buyer at a disadvantage
Topic |   Hong Kong property

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The Horizon development by Billion Development at Fo Chun Road in Tai Po offered 577 units out of a total of 667 for sale through tender. Photo: K. Y. Cheng
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