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