Tycoon Stanley Ho Hung-sun has revealed further details of his alternative approach to developing the controversial West Kowloon cultural hub, saying that his plan involved a development density of roughly five times the plot ratio. The property and casino tycoon also said he would give his colleagues in the Real Estate Developers Association, a few more weeks to consider his alternative plan. Mr Ho spoke yesterday after a general meeting of Melco International Development shareholders approved the establishment of a joint venture with Australia's richest man, Kerry Packer of Publishing and Broadcasting. He said his proposal for the West Kowloon project - which provides an alternative to the government's preferred single-consortium approach and the three proposals already shortlisted - included a development density of about five times the plot ratio on the site, 'not the 100 times ratio that had been speculated' in some reports. The plot ratio is the relationship between developed floor space and the property's site area. When the government originally issued requests for proposals from developers in 2003, it suggested a plot ratio of no more than 1.81 times. All three of the shortlisted proposals exceed that limit. 'My plan has a plot ratio of five times, not 100 times. And I've already said that my plan would bring the government $210 billion in profit, not $600 billion,' Mr Ho said. 'If you consider that Kowloon has an average plot ratio of 12 times, I think it would be reasonable to build up the West Kowloon site to 8 or 10 times. But I think five times is enough, as there is no need to build everything so tall.' Earlier this month, Mr Ho gathered together more than a dozen property developers to discuss an alternative to the government's approach. He has not made his plan public, but it is understood that it proposes dividing the 40-hectare area into a number of smaller sites. 'We will give the other fellows a few more weeks to consider the plan, we won't have a response so fast,' he said. The three shortlisted proposals are from Dynamic Star International, a joint venture of Cheung Kong (Holdings) and Sun Hung Kai Properties; Sunny Development, a consortium of Sino Land, Wharf (Holdings) and Chinese Estates Holdings; and World City Culture Park, a subsidiary of Henderson Land Development. Smaller developers have objected to the plan, and have lobbied for the government to divide the project into smaller pieces to allow them to take part.