Gordon Yang

Hong Kong's second-hand property market saw eight transactions over the first weekend after the Chinese New Year holiday - an eight week high - as developers raced to sell new homes at deep discounts.

The market had recorded no deals at 10 major housing estates over the previous weekend, according to Centaline.

The secondary market is now picking up, said Louis Chan Wing-kit, Asia Pacific vice chairman of the residential division at Centaline.