XN000022-1989-05-26 — Page 5

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FRIDAY, MAY 26, 1989

ANNOUNCING THIS TODAY (FRIDAY), THE DISTRICT LANDS OFFICER, HONG KONG WEST, MR THOMAS HO, NOTED THAT THE SITE IS INTENDED TO BE DEVELOPED INTO A FOCAL POINT LINKING THE CENTRAL BUSINESS DISTRICT TO THE WEST OF GARDEN ROAD WITH HONG KONG PARK NOW UNDER CONSTRUCTION AND QUEENSWAY TO THE EAST OF COTTON TREE DRIVE,

MR HO SAID THAT IN ORDER TO ACHIEVE THE ABOVE OBJECTIVES, THE GOVERNMENT WOULD WISH TO SEE THAT THE FOLLOWING SPECIFIC DEVELOPMENT CRITERIA COULD BE INCORPORATED INTO THE FUTURE DEVELOPMENT.

"THESE INCLUDE A COMPLETE SEGREGATION OF VEHICULAR TRAFFIC FRON PEDESTRIAN TRAFFIC AND A ROOF GARDEN ON A PODIUM то BE DESIGNED WITH OCCASIONAL SHOPPING FACILITIES WHICH WILL BE OPENED то THE PUBLIC 24 HOURS," HE SAID.

"THE HEIGHT OF THE BUILDING IS ALSO TO BE RESTRICTED AT METRES P.D. (ABOVE HONG KONG PRINCIPAL DATUM) AND THE ROOF PROFILE BLEND IN WELL WITH ADJACENT DEVELOPMENTS.

220 TO

"IN ADDITION, THE SUCCESSFUL BIDDER FOR THE SITE WILL ALSO BE REQUIRED TO BUILD A 500-SPACE PUBLIC CARPARK, AND A NEW VEHICULAR TUNNEL LINKING THE LOT WITH GARDEN ROAD MULTI-STOREY CARPARK, HE ADDED.

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UPON COMPLETION, MOTORISTS USING THE GARDEN ROAD MULTI-STOREY CARPARK WILL BE ABLE TO MAKE THEIR EXIT ONTO COTTON TREE DRIVE AND THE QUEENSWAY FLYOVER VIA THIS LOT.

LIKEWISE, MOTORISTS USING THE PUBLIC CARPARK IN THIS LOT WILL BE ALLOWED TO MAKE THEIR EXIT ONTO QUEEN'S ROAD CENTRAL VIA THE GARDEN ROAD MULTI-STOREY CARPARK.

TO ACHIEVE THE OBJECTIVE OF SEGREGATION OF VEHICULAR AND PEDESTRIAN TRAFFIC, A FOOTBRIDGE NETWORK AND A PEDESTRIAN SYSTEM CONNECTING THE LOT WITH HONG KONG PARK, NORTHERN PAVEMENT OF GARDEN ROAD, BANK OF CHINA, PEAK TRAM TERMINUS AND MURRAY BUILDING WILL HAVE TO BE BUILT, MAINTAINED AND MANAGED BY THE PURCHASER.

SERVICE VEHICLES SEEKING ACCESS TO THE LOT WILL BE DIRECTED ΤΟ PASS THROUGH THE BANK OF CHINA SITE VIA AN INTERNAL ACCESS NOW BEING CONSTRUCTED BY THE BANK.

ACCORDING TO THE BUILDING

COVENANT, THE DEVELOPER HAS То COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 66,000 SQUARE METRES BEFORE JUNE 30, 1994.

INTO

THE PUBLIC CARPARK WILL NEED TO BE COMPLETEED AND BROUGHT OPERATION BEFORE JUNE 30, 1992, TWO YEARS AHEAD OF THE DATE BY WHICH THE WHOLE DEVELOPMENT IS REQUIRED TO BE COMPLETED.

MR HO NOTED THAT TENDERERS WISHING TO BID FOR THE SITE WILL. IN ADDITION TO THE PREMIUM BIDDING, HAVE TO SUBMIT A DEVELOPMENT CONCEPT SHOWING HOW BEST THE ABOVE CRITERIA ARE TO BE ACHIEVED.

SPECIFIC

PRELIMINARY DEVELOPMENT

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