YIT Corporation August 3, 2007 at 9:00
Investor news
YIT AND OIKOTIE.FI LAUNCH FINLAND'S FIRST HOME AUCTION SERVICE WITH OPEN BIDDING
YIT Home and Oikotie.fi are launching Finland's first service in which
homebuyers can bid online for new apartments. The aim is to enable homebuyers to
influence the appraisal of housing and increase pricing transparency.
The first YIT residential site to be offered is located in Ilmala, Helsinki. The
auction service will go live on August 16. The bidding period will end on August
30, after which YIT will contact the highest bidders and agree on the details.
The bids made for each of the residential units will be posted online in real
time for all to see.
Experiences with the first phase will determine further measures.
Open bidding on homes is new in Finland. Such auctions are held in countries
such as Sweden and the United States.
For additional information, contact:
President Ilpo Jalasjoki, YIT Construction Ltd, tel. +358 20 433 111
President Pekka Soini, Helsingin Sanomat Oy, tel. +358 9 122 3260
Have a look at the service at yitkoti.fi or oikotie.fi
YIT CORPORATION
Veikko Myllyperkiö
Vice President, Corporate Communications
Distribution: OMX Nordic Exchange in Helsinki, principal media,
www.yitgroup.com