Agile Property Holdings Ltd. (3383.HK) and King Wong Development Ltd., a major developer of high-end housing projects on Lamma Island, are seeking government approval for a yacht marina, a hotel and luxury residential complexes.
Responses to the plan have been mixed, with conservationists vigorously pushing against it.
King Wong is reviving the mixed development, called The Baroque on Lamma, near Tung O Wan four years after it was rejected by the Town Planning Board.
Cheung Sum, chief financial officer of Agile Property, said the group is making environmental conservation a top priority.
The plan will not involve relocating residents nor compromise the environment, local culture and history, he said.
However, Agile refused to say when it expects to hear from the Town Planning Board regarding the proposal.
It said the revised plan emphasis environmental preservation, with the buildable area slashed 14 percent to 180,000 square meters.
August Tiu, who oversees the project, said 850 luxury residential units will be built and sold to finance the development.
Proceeds will go to land premium costs and the marina project.
Tiu said each building will be trimmed to three stories from four and the entire development will be low-density.
Samantha Lee, assistant conservation manager of World Wildlife Fund Hong Kong, said the proposed development will have a profound impact on marine life.
“There are plenty of locations for a yacht marina. Why do they have to build it in a place with an extremely high conservation value?”
A 2009 environmental impact assessment by WWF showed the development would endanger certain species such as Romer’s tree frog, green sea turtle and Chinese finless Yangtze River dolphin.
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