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

Hong Kong property

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

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