Henderson Land Development has expressed interest in bidding for The Skyhigh residence on The Peak and a mass residential site in Shau Kei Wan. Chairman Lee Shau-kee said the company might submit a bid for the tender sale of the luxury Skyhigh residential site at Pollock's Path if its price was attractive. He believed developers were unlikely to submit aggressive bids for the property despite lots in the prestigious area being in tight supply. It was reported that troubled Pearl Oriental Cyberforce had received an offer of more than HK$300 million for the luxury property. Tenders will close on November 20. Pearl Oriental has another Peak property, Genesis, at Severn Road, up for sale by tender, which closes on December 8. The company bought the two luxury properties in 1996, paying HK$540 million for Genesis and HK$374 million for The Skyhigh. Mr Lee said Henderson Land would bid for a 130,000 square feet residential site in Shau Kei Wan when the Government released it for tender. Tender details will be announced today. After yesterday's annual general meeting of subsidiary Henderson Cyber, Mr Lee said the recent lukewarm response to new residential sales was due to buying confidence being hurt by a volatile stock market. 'An improvement in the stock market will boost home buying interest and spending ability,' he said. Henderson Land had offered a cash rebate of 6 per cent to the buyers of remaining units in its projects, he said, adding that this was in line with the market trend. However, the company would not besharply lowering the prices of its remaining units. It still had about 400 units in its Tseung Kwan O project to sell. Meanwhile, Mr Lee called on the Government to conduct a comprehensive consultation before pressing ahead with the sale of its 2.56 hectare Tamar Basin site in Admiralty. His comments were echoed by Henderson Land vice-chairman Colin Lam Ko-yin, who said it would be better if the Government did not adopt a dramatic change in its policy on the future of the site. The Government last week said it would rethink the future of the former military site, earmarked for new government headquarters, including offices for the chief executive and the Executive Council. Henderson Cyber chief executive Douglas Moore said the technology arm of Henderson Land had invested HK$61 million in four information technology projects. He said the disappointing performance in the Growth Enterprises Market (GEM) was due to volatile trading on the Nasdaq in the United States. Henderson Cyber is listed on the GEM.