Hong Kong builders are resorting to tender sales of flats rather than open sales. Photo: Roy Issa/SCMP
Hong Kong builders are resorting to tender sales of flats rather than open sales. Photo: Roy Issa/SCMP

Developers use tenders to their advantage as they seek to control falling property prices

  • Builders are using tenders to avoid flooding the market with unsold property and openly reducing prices as market cools

Hong Kong builders are resorting to tender sales of flats rather than open sales. Photo: Roy Issa/SCMP
Hong Kong builders are resorting to tender sales of flats rather than open sales. Photo: Roy Issa/SCMP
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