Hong Kong's third-biggest property developer, Henderson Land Development, is poised to test the market with a limited release of discounted units in 10 residential projects it built on the mainland over the past three years.

The launch will proceed in the new year, according to executive director John Yip Ying-chee, though the initial sales targets will be cut by half because of poor buyer sentiment.

Prices of the units in these projects, mainly in second-tier cities, would be 15-20% below the developer's original expectations, reflecting the slowdown, he added.

South China Morning Post