Though other countries have adopted online auctions and private inspections to sell property, in Hong Kong where a condominium market prevails, the property is sold primarily through negotiations rather than auctions, reports Domain (6 April 2020). The latter is often used to sell undeveloped land not individual homes in Hong Kong. "Second-hand real estate is put on the market and listed very much like it is in Australia, except without the auction to cap the process. You make an offer and negotiate the final price with the seller's agent," said Juwai IQI executive chairman Georg Chmiel. Online is the first place that every Hong Kong buyer goes to when researching real estate overseas, added Chmiel.