Henderson gets go-ahead to revise residential plan
Henderson Land Development has won an approval from the Town Planning Board that allows more flexibility in its Nam Sang Wai residential project near Mai Po.
Analysts said the approval would enable the developer to change the specification of the original design.
The project had received clearance about three years ago after a Town Planning Appeal Board approval was upheld by the Privy Council.
Under the original scheme, Henderson was to build 3.3 million square feet of residential space, 53,800 sq ft of retail shops and a 86,100 sq ft club house.
The plan called for 2,550 units in buildings up to eight storeys high. A nature reserve and a golf course had also been outlined in the plan.
Analysts said this scheme was still viable, but market changes over the years may call for a need to revise the development.
However, no changes could have been made without the necessary approval.
The company indicated yesterday that it might build only 1,900 units, which implies a larger average unit size of 1,700 sq ft, compared with the original scheme's 1,300 sq ft.
Building height might also drop to five storeys, while the golf course might not be built.
However, sources said nothing had been finalised.
Meanwhile, the Town Planning Board yesterday approved a residential project near Yau Mei San Tsuen, also near Mai Po.
An unidentified developer has been cleared to erect a residential project of up to 80,000 sq ft on 3.76 hectares of farm land on the 9.75-ha site.
The remaining land has been acquired by the Government for building roads. The developer will have to alter some dry fish ponds into wetlands and submit detailed environmental-impact studies.