PLOT AREA: 64887 m2 <strong> Plot Parameters and Planning Restrictions </ strong> <strong> Option 1 - Hotel Development </ strong> Maximum allowable Density 45% X 120% = 54% Maximum allowable Coverage 20% No. Of floors 3 - Maximum height of building 13. 10 meters <strong> Option 2 - Tourist Village Development </ strong> Maximum allowable Density 40% X 120% = 48% Maximum allowable Coverage 20% No. Of floors 2 - Maximum height of building 8. 30 meters <strong> Option 3 - Residential Development </ strong> Maximum allowable Density 20% Maximum allowable Coverage 20% No. Of floors 2 - Maximum height of building 8. 30 meters <strong>. </ Strong> The Hotel or Tourist Village Development (options 1 & 2 above) are considered the most desirable and cost effective because of the additional 20% density concession that has recently been announced by the government.