{"id":106851,"date":"2019-05-04T12:00:06","date_gmt":"2019-05-04T05:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-hong-kong-buyers-are-out-of-pocket-as-opaque-practice-of-sale-by-tender-becomes-popular-in-residential-real-estate\/"},"modified":"2019-05-04T13:04:06","modified_gmt":"2019-05-04T06:04:06","slug":"more-hong-kong-buyers-are-out-of-pocket-as-opaque-practice-of-sale-by-tender-becomes-popular-in-residential-real-estate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-hong-kong-buyers-are-out-of-pocket-as-opaque-practice-of-sale-by-tender-becomes-popular-in-residential-real-estate\/","title":{"rendered":"More Hong Kong buyers are out of pocket as opaque practice of sale by tender becomes popular in residential real estate"},"content":{"rendered":"


\nTwo apartments of the same size and view, a floor from each other, sold in Tai Po recently with a price variance of half a million Hong Kong dollars (US$63,700) just two weeks apart. Another flat in The Horizon complex sold for HK$150,000 more than an identical unit just a day later.Price discrepancies are common in real estate, depending on location, fittings and furnishings. In Hong Kong, a unique practice makes the difference: sale by tender, where buyers submit their bids for property in a\u2026
\n
\nSource : South China Morning Post
\nRead more…More Hong Kong buyers are out of pocket as opaque practice of sale by tender becomes popular in residential real estate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two apartments of the same size and view, a floor from each other, sold in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-106851","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rNp","jetpack-related-posts":[{"id":105729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-should-offer-cheap-new-flats-on-open-market-instead-of-going-through-opaque-tender-process-industry-guild-warns\/","url_meta":{"origin":106851,"position":0},"title":"Hong Kong developers should offer cheap new flats on open market instead of going through opaque tender process, industry guild warns","date":"April 3, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property developers are being urged to offer cheap flats on the open market instead of selling through tender, an opaque marketing tactic that can lead to buyers being overcharged.The Real Estate Developers Association (REDA), which represents 800 members including most construction firms in Hong Kong, said it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107479,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-water-down-new-guidelines-on-controversial-sales-through-tender\/","url_meta":{"origin":106851,"position":1},"title":"Hong Kong developers water down new guidelines on controversial sales through tender","date":"May 25, 2019","format":false,"excerpt":"\r An organisation representing Hong Kong\u2019s property developers has relaxed its recent guidelines governing the controversial sale of new flats by tender.The move by the Real Estate Developers Association (REDA) of Hong Kong comes just a week after the city\u2019s biggest developer was prosecuted for breaching official rules around the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172380,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/launch-of-northern-metropolis-flats-attracts-strong-interest-from-hong-kong-homebuyers\/","url_meta":{"origin":106851,"position":2},"title":"Launch of Northern Metropolis flats attracts strong interest from Hong Kong homebuyers","date":"August 17, 2026","format":false,"excerpt":"\r Hong Kong homebuyers flocked to the first batch of units at a major residential project in the Northern Metropolis with 44 \u2013 or more than half \u2013 of the 82 flats made available via regular sale finding buyers as of 7.30pm on Sunday, according to agents. Wheelock Properties\u2019 Park\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":157437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-to-offer-just-1-residential-plot-for-sale-this-quarter\/","url_meta":{"origin":106851,"position":3},"title":"Hong Kong government to offer just 1 residential plot for sale this quarter","date":"July 11, 2025","format":false,"excerpt":"\r Hong Kong\u2019s government will release a mid-size plot for sale in its fiscal second quarter, continuing its tight grip on land supply as the city\u2019s residential property market grapples with a glut that has forced developers to slash prices to find buyers. A plot measuring 6,500 square metres (70,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100950,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-agents-mustnt-mislead-buyers-or-face-disciplinary-action-by-watchdog\/","url_meta":{"origin":106851,"position":4},"title":"Hong Kong property agents mustn\u2019t mislead buyers or face disciplinary action by watchdog","date":"November 6, 2018","format":false,"excerpt":"\r Stepping into autumn, a number of new residential properties in Hong Kong have been launched for sale by different property developers. Participating in the sale of these first-hand properties, property agents must not make any misrepresentation to prospective buyers, or they may be disciplined by the Estate Agents Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110108,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/en-bloc-aspirants-at-braddell-view-are-turning-to-hong-kong-or-mainland-developers\/","url_meta":{"origin":106851,"position":5},"title":"En Bloc Aspirants At Braddell View Are Turning To Hong Kong Or Mainland Developers","date":"August 22, 2019","format":false,"excerpt":"\r Sellers at Braddell View, Singapore\u2019s largest residential site, are turning their attention to developers from Hong Kong or mainland China. Spanning 1.14 million sq ft, the development above MacRitchie Reservoir Park was put up for sale in March for $2.08 billion or 1,159 per sq ft per plot ratio\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106851"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=106851"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106851\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=106851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=106851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=106851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}