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Advantages

  • Have sufficient promotion, announcement and indication of tendering period.
  • Indicate the seller's decision to sell the property.
  • Ensure the sale of property in fair market value under open atmosphere. It can reduce the risk of legal disputes in future.
  • There is no reserve price. When the tender price is not acceptable, the seller can choose not to sell.
  • The seller can choose to sell the property to the highest bidder through public tender.
  • The seller has absolute right during/after tender period to/not to sell the property.