According to a report by House China, an online property news agency, the local government will stop the bidding when the bid for a site reaches a level that is 49 per cent higher than the opening bid. Then the bidders will have to bid with the floor area they are willing to provide for building subsidised housing on the site. The developer that allocates the most floor area for subsidised housing would win the site.
Casino Mooted for Country Garden Malaysia Project and More Asia Real Estate
Headlines
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Malaysia’s prime minister is hoping to persuade some patriotic tycoons to
open a casino in Johor to revive an ill-fated Country Garden project, with
that...
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