Victor Li says plot ratio is just above the government figure
Shortlisted West Kowloon contender Dynamic Star International yesterday said its planned development density for the cultural hub was only fractionally higher than the government's original plan.
Cheung Kong (Holdings) vice-chairman Victor Li Tzar-kuoi said the plot ratio for the consortium's scheme was 1.861, compared with the government's 1.81. It was the first time the joint venture, which also includes Sun Hung Kai Properties, had given a plot ratio, the formula that calculates residential and commercial floor area against the site's total area.
The figure was well below previous estimates for the Dynamic Star proposal of 3.28, and those of rival bidders. Mr Li said the only development under the canopy would be a hotel, representing a plot ratio of 0.232. Outside the canopy, high-rise blocks and serviced apartments would account for a 1.629 plot ratio.
'The total plot ratio is only 1.861,' Mr Li said, adding that the figure for neighbouring areas ranged from 10 for residential sites to 15 for commercial sites. 'We have offered 50 per cent more area for arts and culture facilities than the government demanded. We have offered 30 hectares for an outdoor open square and green belt.'
He said the consortium was still open-minded about changing the plot ratio and was willing to 'be a good listener' to public opinion.
Secretary for Housing, Planning and Lands Michael Suen Ming-yeung said last week that property developments on the 40-hectare site should be kept to a low level.