Regulations on Sale and Lease of New Town Lands Through Tendering Article 12

For a piece of land sold through tendering under Subparagraph 5, Paragraph 1, Article 8 of the Act, the successful bidder shall pay off the purchase price within the time limit prescribed by the authority. In case the successful bidder has described a payment plan in the investment plan as mentioned in Paragraph 1, Article 16 of the Act, and the plan has been approved by the authority, the purchase price may be paid according to the approved payment plan.