Henderson Land Development is in no hurry to settle its land premiums for new development sites now the market has stabilised, says deputy chairman Colin Lam Ko-yin.
For a developer holding a large land bank, he said there was no need to make hasty decisions in concluding land premiums to increase developable area.
It would not affect the company's development programme if Henderson Land took a cautious approach to land premium settlements, though he rejected claims Henderson Land had delayed sales during poor market conditions.
Mr Lam said the company preferred to offer luxury residential projects on completion instead of releasing them for pre-sale.
He said projects would be more appealing to potential home buyers, especially for luxury residential developments, because buyers preferred to see completed buildings.
Mr Lam said the firm's low-density luxury development in King's Park Rise would be released in about two to three months, followed by another in Bowen Road, Mid-Levels.
The King's Park Rise development could be put on the market for lease if conditions remained sluggish, he said.