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Monday, October 30, 1972
"It is therefore not possible to offer shops at Pak Tin to every shop
tenant at Shek Kip Mei," he said.
As to the suggestion that the tenants be allowed to move back to
their existing shops after the conversion of the block, the spokesman said
this was not possible because the number of shops in the new Shek Kip Mei Estate
will have to be reduced.
He said that the present number of small shops in the estate was so
large that many of them were actually going out of business because of competition.
At Pak Tin, shop-keepers will be able to maintain their business at a
satisfactory level because all the shops have been designated for specific trades
and the number will be less.
Although the rentals at Pak Tin were slightly higher than those at
Shek Kip Mei, they were only half or one third of those in private tenements in
the neighbourhood. In addition, no premium is charged.
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