A developer has taken the unusual step of suggesting that up to 624 apartments in a residential project it is planning to build in a wildlife-rich wetland be sold as home-ownership scheme flats.
Under a proposal for the site, near Mai Po in the New Territories, Nam Sang Wai Development Co is planning to discuss with the government the idea of selling the apartments to those qualified under the scheme.
Wan Man-yee, the development consultant behind the plan, pointed to insufficient affordable housing in the city as one reason for the idea.
If the government agrees, Wan said, the developer would sell the flats to government-appointed nominees who would be HOS-qualified buyers.
'We want a more diverse group of people to be able to enjoy the surrounding environment,' Wan said. 'We don't want to just be serving the wealthy. Mr Lee and Mr Fu both agreed with the vision, so we decided to do it.'
Wan was referring to Henderson Land tycoon Lee Shau-kee and KHI Holdings Group chief executive Adrian Fu. The companies own Nam Sang Wai Development, with KHI acting as project manager.