Sale by tender appears to be an effective way of boosting the price of flats in Hong Kong, from The Peak to Lohas Park, as opposed to the open market.
About 80 per cent of flats put up for sale through tenders have achieved record prices for their particular development, according to property information provider Dataelements, which tracks sales in the primary residential market.
“In some cases, units sold by tender could be 30 per cent to 40 per cent higher than those sold by price list…
Source : South China Morning Post
Read more…Hong Kong flats sold through tender are likely to yield higher prices for developers















