Tommy Tong Column: Agents Beat Down Prices Before Finding Buyers
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On 5 November 2026, Tommy Tong described in his Ming Pao "Daily Economy" column a case of a commercial unit being offered for sale. He said a client was selling a commercial unit, and an agent repeatedly persuaded him to sell at an extremely low price, saying that if he did not sell, the price would only keep falling, and the client eventually accepted the agent's offer. The agent then said the buyer had backed out, but claimed another buyer was willing to offer only a lower price; the client refused to cut the price further, and the deal ultimately fell through. Tommy Tong used this to describe the situation of agents beating down the price with the owner before finding a buyer.
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- 明報·每日經濟Tang Man-Leung: Agents Haggle With Owners Before Finding Buyers
Tang Man-Leung writes in his column about a client selling a commercial unit. Agents repeatedly urged him to sell at an extremely low price, saying prices would only keep falling if he did not sell, and the client eventually accepted the agents' offer. The agents then said that buyer had backed out, but claimed another buyer was willing to pay only a lower price. The client refused to cut the price further and the deal ultimately fell through.
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