Regulations on Sale and Lease of New Town Lands Through Tendering Article 9

After bid awarding of a piece of the new town land, the antecedent money for bidding of the unsuccessful bidders will be refunded without interest on the spot. But for those bidders who quote a bidding price lower than the minimum price announced for sale or lease through tendering, the antecedent money for bidding will not be refunded.
中文原文 新市鎮土地標售標租辦法第9條
新市鎮土地決標後,未得標人之押標金應當場無息退還。
但標價低於公告之標售、標租底價者,其所繳押標金不予退還。

English translation for reference only; the Chinese text prevails. Not legal advice.