Just past the weekend (19 to 20) second-hand transactions are low, the four agents statistics of the top ten housing estates only 3 to 5 transactions, up to 8 housing estates "egg", all agents on Hong Kong Island indicator housing estates all no transactions. Some analysts believe that the atmosphere of second-hand transactions is expected to pick up only after the new property offensive has slowed down and the interest rate trend has a clear direction.

Hongkong Land recorded 3 transactions in the second-hand top 10 estates on the past Saturday, and 1 transaction each in the "Four Little Dragons of West Kowloon", Tseung Kwan O Centre and Metro Harbourfront, with the total number of transactions remaining flat week-on-week, and the number of flats recorded for the 25th consecutive week.

Hongkong Land Chief Executive Officer Terry Ma said yesterday that due to the wave after wave of new property development, coupled with the low price strategy to grab the attack, robbing a lot of purchasing power in the secondary market, so that the second-hand transactions continue to be under pressure.

He expects the market purchasing power in the short term will still mainly flow to the first-hand, I believe that until the new market attack has slowed down, coupled with the interest rate trend has a clear direction, the second-hand trading atmosphere is expected to pick up.

As for Centaline Property and Midland Property, there were five transactions in the past two days in the top ten estates, an increase of 25% and a decrease of 38% respectively week-on-week, with all the cases coming from Kowloon and the New Territories, and the total number of transactions was at a single-digit level for 16 consecutive weeks, with eight zero-transaction estates as well.

Centaline Property Asia Pacific Vice Chairman and President of the Residential Division Chen Yongjie said, due to the new Yau Tong low prices to grab customers, deducted a large number of market purchasing power, the second-hand market continues to be under pressure.

However, the market user demand is still high, buyers are now mainly in the market to look for bamboo shoots, individual owners to reduce the rate of larger, the unit has also taken over.

Midland Realty Residential CEO (Hong Kong and Macau) Boo Siu-ming also said that by different new properties are low market price strategy to strike, some second-hand owners will gradually lower the asking price or expand the bargaining range, is expected to gradually drive the performance of the second-hand transactions are expected to increase to the level of second-hand transactions are expected to increase to the level of 2,800 cases in August, and first-hand is expected to rise more than one times to the level of 1,500 cases.

Ricacorp Real Estate President Liu Weiqiang said, buyers focus on the primary market, although some second-hand owners have faced the reality of price cuts in the market, but the range has always been thin, the buyers of the second-hand building of the absorption of the desire is not big, so the second-hand turnover performance stagnant, I believe that the second-hand market is still waiting for more good news to be introduced, the turnover will be a full rebound.

The bank in the past two days, the top ten housing estates recorded 4 transactions, a week-on-week reduction of 50%, cases only from Mei Foo Sun Chuen (1 case) and Kingswood Villas (3 cases) two housing estates.