Oh bro, u talking about dynamics... I c.... U need to do homework on this... Go to the major developer first. Check out their land bank and see how Many land they have... And how long more it will last. Developers are in the biz of selling condo... If they run out of land bank, how they survive, how to feed the stuff....
It's is like COE, if car disties don't have coe, how to survive? So when the land bank is shrinking, they need to be aggressive in their bidding to sustain their biz.
Hopes it helps.
Wing tai low on land bank, so they agressively bid on prince charles. Got it.... Somemore they pull a fast one by saying, prices too high and drop the bomb on the other bidders. Got it... Refer to wing tai statement... If u can remember... Hahahah