Home sales in both the secondary and primary markets continued to grow last week as the strong run in the stock markets strengthened buying confidence and quickened home purchases.

Data collated by estate agency Ricacorp Properties from deals completed at 50 large housing estates shows that secondary transactions increased 7% to 361 from 336 a week earlier as investors appeared to shrug off worries of a deteriorating economy.

In the primary residential market, agents said about 300 units at various new projects had been snapped up by buyers.

South China Morning Post