Home >> Service for Citizens >> Housing >> faq
How is land sold by public bidding?
(01/15/2003)

(1) The seller issues a call for tenders, which includes information about the land that is up for sale.
(2) Bidders obtain the call for tenders and survey the land
(3) Bidders pay a guarantee and seal their bid before putting it into the bidding box
(4) The seller presides over the opening of the bids at the close of bidding
(5) The seller will organize a committee to evaluate the bids
(6) The seller chooses the winning bidder from the candidates recommended by the committee and notifies the winner
(7) The successful bidder signs a contract with the seller within a certain period of time and pays earnest money. The local notarization department attends the bidding and evaluation activities and issues a notarial deed.