According to WAP, about six sales were recorded in the top 10 resale estates this past Saturday and Sunday, compared with five transactions over the past four weekends.

The chief executive officer (Hong Kong and Macau) of Midland Realty Residential Division, Mr Sam Buk, said that as the US interest rate was widely expected to peak, the pace of developers to launch orders was also significantly accelerated. New bids attracted, stimulating the release of purchasing power and flow to the first hand, and some second-hand customers were diluted.

Expected market rigid demand continues to increase, and economic recovery, interest peak and other positive factors, second-hand bamboo shoots still see to undertake force, but expected short-term market focus is still focused on new disc, second-hand trading will be repeated rampant.

Centaline Property Asia Pacific vice chairman and president of the housing department Chen Yongjie believes that this weekend by the rain to see the activity, interest rate increase also makes many buyers to enter the market to wait and see, plus the market focus on a new offer, a lot of new offer to grab customers at low prices, second hand owners bid relatively aggressive, bamboo shoots early digested by the market, expected this month the second hand market continued pressure.

Six transactions were recorded at the top 10 housing estates in Central Plains, five at Ligarcourt and three at Hong Kong Land over the weekend.

In fact, the second-hand market continued to erode.

CAI Bei, senior branch manager of 21st Century Qifeng, said that the mid-level room A in Junyuan 3, Ma on Shan, with a practical area of 1,184 square feet and three rooms enjoying the sea view, had been on the market for a year, but the original asking price was reduced by 15.2% to 17.8 million yuan, with a foot price of 15,034 yuan.

The original owner bought the site in March 2020, at the price of 20.29 million yuan, holding the goods for 3 years to sell, book loss of 2.49 million yuan.

As for commercial buildings, rental prices of commercial buildings showed a positive trend as the local economic recovery progressed as expected. Prices and rents rose 3.2 per cent and 0.3 per cent, respectively, in April, according to the data research division of AP.

As of the end of April this year, the sale price of Kha Tower has increased by 6.6%, driven by a number of high price transactions.

The overall Ha Building vacancy rate was 10.3% last month, 0.1 percentage point lower than that in March. The vacancy rates in Central, Wan Chai, Causeway Bay and Tsim Sha Tsui were 8.8%, 7.4% and 8.1% respectively. The vacancy rate in Sheung Wan, Tsim Sha Tsui and Kwun Tong improved slightly, with Sheung Wan down by 0.5 percentage points.