FLAT sellers who overprice their properties have no chance of selling in the current market climate, agency Brooke Hillier Parker (BHP) has warned. BHP residential manager Mark Noton said buyers of second-hand flats were price-sensitive and would look elsewhere if they felt asking prices were excessive. 'People who are looking to sell can do so provided they accept that it's not possible to get buyers to pay an inflated price,' he said. 'Flats with inflated prices are left alone because buyers know they can still secure flats elsewhere.' The fragile recovery in the territory's residential market has been led by encouraging buying responses at new developments. However, property experts are still cautious on the prospects for the secondary market, although turnover has improved greatly. With the outlook uncertain for second-hand flats, most potential buyers can afford to wait. 'Most of the buyers in the secondary market already own at least one flat,' Mr Noton said. BHP's survey of Kowloon sales values produced mixed results last month. Prices rose strongly at Ngau Tau Kok and Hunghom but slipped slightly at Kowloon Tong and Sha Tin. Average prices at Ngau Tau Kok rose more than seven per cent to $4,260 per square foot, while at Hunghom they rose 3.5 per cent to $5,884 per sq ft. At Kowloon Tong, prices fell 1.4 per cent to $7,363 per sq ft. The Kowloon Tong sample included the upmarket Parc Oasis estate. Sha Tin prices, meanwhile, slipped by less than one per cent to $4,376 per sq ft. The Sha Tin sample included the City One Sha Tin and New Town Plaza developments.