THE market for second-hand flats in Hong Kong shows little sign of stabilising as prices continue to fall in most areas. Values at North Point and Chai Wan both dropped last month, research by property consultants Brooke Hillier Parker shows. Asking prices fell by 1.2 per cent from $6,099 per square foot to $6,026 at City Garden, Fortress Garden and Tanner Garden in North Point, the survey shows. The average price of a flat in the estates is now $5,626 per sq ft. Prices slipped by 0.18 per cent at the Heng Fa Chuen and Perfect Mount Garden estates in Chai Wan, from $5,871 per sq ft last month. However, Quarry Bay apartment prices rose by just under one per cent to $5,927 per square foot. The Quarry Bay sample included Taikoo Shing, Kornhill and Lei King Wan. On a yearly basis, values dropped at all the estates surveyed last week. Chai Wan has shown the biggest fall. Prices there have dropped 7.36 per cent to $5,626 per sq ft in the past year. Quarry Bay prices have dropped 6.13 per cent, while in North Point they are down 6.03 per cent, from $6,413 per sq ft 12 months ago to $6,026 today. Despite the price falls, real estate agents in the territory have reported stronger buying sentiment recently. Buyers for second-hand flats could still be found provided vendors set asking prices at a reasonable level, they said.