XN000022-1983-02-05 — Page 7

SATURDAY, FEBRUARY 5, 1983

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+SOME DEVELOPERS WERE OBVIOUSLY INTERESTED IN INVESTING SUBSTANTIAL SUMS OF MONEY IN THIS COMMERCIAL DEVELOPMENT ON THIS POPULAR SHOPPING FRONTAGE, HE SAID.

+HAVING REGARD TO THE PRESENT MARKET CIRCUMSTANCES THE PRICE OBTAINED WAS SATISFACTORY AND THE HIGHER BIDS WERE VERY COMPETITIVE.

THE BASIC CONCEPT OF THE DEVELOPMENT IS TO REQUIRE THE DEVELOPER TO CONSTRUCT THE SHOPS TO SPECIFIC LEVELS.

THE ROOF SLABS OF THE SHOPS WILL BE SO CONSTRUCTED AS TO ENABLE THE URBAN SERVICES DEPARTMENT TO SUBSEQUENTLY EXTEND THE ADJACENT AREA OF KOWLOON PARK OVER THE ROOF TOPS AND CARRY OUT LANDSCAPING AND THE PLANTING OF TREES AND SHRUBS. THIS WOULD EFFECTIVELY INCREASE THE USABLE AREA OF THE PARK BY MORE THAN HALF A HECTARE.

UNDER THE BUILDING COVENANT, THE DEVELOPMENT IS TO BE COMPLETED ON OR BEFORE MARCH 31, 1986 AT A MINIMUM EXPENDITURE OF $53 MILLION.

CHEUNG CHAU WATER CUT ***

FRESH WATER SUPPLY TO CERTAIN AREAS IN CHEUNG CHAU WILL BE SUSPENDED FOR EIGHT HOURS FROM 10 AM ON TUESDAY (FEBRUARY 8) FOR WATER MAINS WORK.

THE SUSPENSION WILL AFFECT 24-76 PEAK ROAD, FOOK LEE FARM, SHUN YEE VILLAGE, THE METEOROLOGICAL STATION, CHUEN LEE YUEN AND ALL PREMISES ALONG PEAK ROAD WEST AND MIDDLE HILL ROAD.

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