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Brief Introduction

Tender is one of the common ways for property disposal in Hong Kong. Under the pre-set conditions of sale, all the terms and requirements are clearly specified. With a series of promotion and propaganda campaign, interested purchasers are invited to bid the property with their best prices. On or before the closing of the tender, the potential purchasers submit the tender contracts with the specified deposit to the vendor for their final consideration. This method of sale can attract the highest bidding price within a specified period of time and is suitable for the properties with unique characters or high value or the requirements of open and public sale.