Henderson Land Development is seeking to offload units by offering a 10 per cent Lunar New Year discount. Henderson general sales manager Donald Cheung Ping-keung yesterday said buyers of 2,000 flats at 12 projects from today to February 10 were also eligible for a lai see of either HK$68,000 or HK$98,000, depending on the size of the units they bought. He said some units had been discounted by up to 10 per cent, while for others there was a cash rebate of 10 per cent, he said. 'The lai see will be equivalent to a discount ranging from 2 to 6 per cent,' he said. Metro Harbour View in Tai Kok Tsui, with 1,500 remaining units, accounted for most of the stock, he said. Other projects included joint ventures Royale Peninsula in Hunghom, Park Central in Tseung Kwan O and Sereno Verde in Yuen Long. He estimated the units were worth HK$5 billion. Mr Cheung said the company was discounting about 120 remaining units at Royal Terrace in Quarry Bay by 5 to 10 per cent and offering a cash rebate of 10 per cent at two small-scale projects in North Point. He said Henderson could release up to 9,400 new flats, including joint ventures, for sale this year and reap HK$20 billion. This compared with 5,050 sold units, including joint ventures, worth HK$11.3 billion last year. Mr Cheung said market sentiment in the first half would be cautious but become optimistic in the second. Therefore most major projects would be released for sale late in the year. He was not concerned sentiment would worsen if the government gave approval for New World Development to convert two Private Sector Participation Scheme projects, with about 4,500 units, into private flats for sale. He said the number of units was not substantial compared with overall supply. Midland Realty executive director Victor Cheung said Henderson was more aggressive in offering favourable terms than other blue-chip developers. He expected other developers would unveil packages equivalent to a discount of less than 10 per cent before the Lunar New Year.