Home sales in Hong Kong's secondary market last month and this month are expected to total at least 18,000 units, a survey says.

The Midland Realty survey says the number of completed deals in the second-hand residential market was 15,821 between April 1 and May 21, compared with 15,366 deals logged in the entire first quarter.

'The second quarter to next month will likely exceed the previous high set in the third quarter last year,' said Buggle Lau Ka-fai, the chief analyst at Midland.

The value of the transactions was HK$46.27bn, up 11% from HK$41.63bn in the first quarter.

South China Morning Post