Henderson Land Development (HKG:0012) sees improved property market sentiment following a decline in Hong Kong interbank offered rates, The Standard reported, citing co-chairman Martin Lee Ka-shing.

Lee said the one-month Hibor, which influences mortgage rates, still has room to fall, and that Henderson plans to accelerate new residential launches in the second half of the year, according to the report.

The developer is also upbeat on retail prospects, with sales at its core shopping malls during the Labour Day and Mother's Day period rising 10% compared to pre-pandemic levels in 2018, The Standard said.

Henderson's other chairman, Peter Lee Ka-kit, added that there is greater room for China-US negotiations than six months ago due to elevated inflation in the US, the report added.

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