An asset reshuffle by Great Eagle Holdings to prepare for the float of its real estate investment trust has boosted the value of overall property sales 91.3 per cent last month from March, according to agents. Land Registry figures yesterday showed the total value of sale-and-purchase agreements, including residential, commercial and car park transactions, amounted to $48.5 billion last month. 'It is the highest transacted value for the past 11 months,' Midland Realty chief analyst Buggle Lau Ka-fai said. About 46 per cent of the property transaction value came from Citibank Plaza in Central, which is solely held by Great Eagle's listing candidate Champion Reit. According to Centaline Property Agency, six sale-and-purchase agreements worth $22.67 billion were recorded at Citibank Plaza last month. Excluding the transacted value of Citibank Plaza, Centaline said property sales rose just 1.9 per cent to $25.83 billion during the month. The Land Registry said total transactions dropped 6.6 per cent to 8,598 last month from March. Centaline senior research manager Wong Leung-sing expects transaction volume to continue to increase this month, driven by strong sales at Vision City in Tsuen Wan and the remaining units at different housing projects across Hong Kong. Sino Land has sold about 350 units at its Vision City project, a 1,466-unit, five-tower redevelopment project in the Tsuen Wan town centre, since they went on sale last weekend. 'The number of residential transactions will set a new record this month,' Mr Wong said. Compared with March, the transaction volume in the primary residential market fell 14 per cent to 758 deals but the value jumped 18.5 per cent to $4.29 billion. Mr Wong attributed the higher value to KWah International's launch of its luxury residential project, Great Hill, in Sha Tin. The volume also included sales of the remaining units at other new residential projects. In the secondary market, the Land Registry recorded 5,232 sale-and-purchase agreements, down 6.4 per cent from March. The total value also declined 2.3 per cent to $14.3 billion. The lower volume was due to the higher number of public holidays last month compared with other months, Mr Wong said.