Buyers returned to the market last week after developers lowered their selling prices and offered a range of attractive mortgage schemes. This resulted in 18 deals in the primary market during the weekend compared with eight units sold in the previous weekend. The jump in transactions excludes the incomplete offers made on units in the Cullinan at the weekend and was mainly attributed to the sale of 12 flats at Jadewater in Aberdeen. Developer Asia Standard International Group cut the asking price in Jadewater by about 30 per cent to around HK$6,000 per square foot from more than HK$9,400 per square foot when the project was launched last June. Other developers including New World Development and Chinachem Group offered 20 to 30 per cent discounts for some of their projects. Separately, activity in the secondary market improved as buyers feel that the overall market is showing some signs of warming up amid new promotional and sales campaigns. Over the week, 253 units changed hands in the secondary market, up 11 per cent from 228 flats a week earlier, data from Ricacorp Properties shows. The average transaction price slid 0.2 per cent from a week earlier. Willy Liu Wai-keung, a managing director at Ricacorp, said lower asking prices helped lure cash-rich end-users into the market and also boosted sentiment, which helped pave the way for the launch of new projects. At the end of last month, there were 5,291 remaining units in the primary market, up 2.1 per cent from 5,184 units in December, data from Midland Realty shows. Mr Liu estimated there were about 14,000 new flats in the sales pipeline of which large-sized projects offering more than 1,000 units each included Central Park Towers 2 in Tin Shui Wai, phase two of YoHo Town in Yuen Long, the Latitude in San Po Kong, Lake Silver in Wu Kai Sha, and the redevelopment projects above the Tai Wai railway maintenance centre.