Scared off by pricey new developments, buyers are looking to the secondary market. Agents share their top choices Property hunting in the secondary market may lead to some happy surprises - with a number of old properties in prestigious locations still being offered at prices lower than new projects. Property consultants said a budget of between $3 million and $6 million was more than enough to buy a second-hand flat of between 700 sq ft and 1,000 sq ft in districts such as Happy Valley and West Mid-Levels, or even a garden flat in Discovery Bay. Agents said the asking prices for some properties in the secondary market, unlike those in the primary sector, still lagged behind by 15 per cent to 20 per cent. 'If you are scared off by pricey new developments, you should pick up bargains in the second-hand market,' said Jeffrey Ng Chong-yip, a Midland Realty director. In keeping with the high prices generally being fetched by new developments, seven units at Hang Lung Properties' The HarbourSide in West Kowloon sold at the weekend for $14,500 per sq ft. Louis Cheung Tak-cheong, manager of Ricacorp Properties' Happy Valley branch, said buyers might instead consider buying at Village Terrace in Happy Valley, where an 800 sq ft apartment with a 700 sq ft rooftop is being offered for $3.2 million, or less than $4,000 per sq ft. He said the low-rise building, built in 1988, was popular among expatriates who enjoyed living in low-density areas, while the area's proximity to Causeway Bay and Central would be attractive to expats and professionals. 'Although the building has no lift and no club facilities, it is a good price,' he said. 'This apartment is also a good investment as the previous owner leased the unit for $12,000 a month.' In West Mid-Levels, apartments on Babington Path and in Lyttelton Road are being offered for $5,000 to $6,000 per sq ft, according to Maggie Ng Fung-ping, senior manager at Ricacorp Properties' West Mid-Levels branch. Her top pick is an 806 sq ft unit with a parking space at The Rowen, Babington Path, going for $3.98 million. 'It is a three-bedroom unit with 80 per cent efficiency rate. The living room offers mountain views,' she said, adding that most properties in this district were more than 10 years old. She said another good bargain was a 732 sq ft unit on offer for $4.6 million at Cimbria Court, on Conduit Road close to the Mid-Levels escalator. If living in a tranquil environment is a priority, a property in Discovery Bay may be more suitable. Simon Lee Wai-ling, senior manager of Centaline Property Agency's Discovery Bay branch, pointed to a 998 sq ft unit with a 1,190 sq ft garden at Vista Court, now on the market for $6.2 million. 'The asking price is negotiable,' he said, adding that most properties with a garden in Discovery Bay sold for $8 million to $9 million. In Kowloon, Centaline singled out Yau Yat Tsuen in Kowloon Tong, where flats are going for $5,500 per sq ft to $6,500 per sq ft. A 27-year-old 1,000 sq ft unit with a parking space at 8 Verbena Road, Yau Yat Chuen is being offered for $5.5 million, while a 817 sq ft unit at the 13-year-old Parc Oasis is going for $5.3 million.