Hardly a good present! (5)

I believe the answer is:

bribe

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'present' is the definition.
The definition and answer can be both related to property as well as being singular nouns.
Maybe they are linked in a way I don't understand?

I don't understand the rest of the clue.

Can you help me to learn more?

(Other definitions for bribe that I've seen before include "Dishonestly persuade" , "Kickback" , "Corrupt payment" , "Illegal payment in exchange for favour" , "Illegal inducement" .)

I've seen this clue in the Evening Standard.

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