Sales of second-hand homes in Hong Kong's 10 major housing estates doubled week over week to 15 over the weekend, The Standard reported Monday.

The number is also the highest in 12 weeks, the report said, citing data from Midland Realty and Centaline Property Agency.

The increase is being attributed to lower asking prices while purchasers are awaiting lower interest rates, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)