Your Ref. (87) in HH F 15 IV
(Translation)
Mr. T.W. Ng
Highways Office,
Engineering Development Department,
8th Floor,
Hennessy Centre,
500 Hennessy Road,
Hong Kong
Dear Sir,
15th January, 1986
Re: Ground Floor Shop & First Floor Front Portion
at 56 Percival Street
Further to our meeting on 3rd January, 1986 discussing about the
construction of a footbridge at Percival Street, our company, being the
landowner of the said property, wishes to reiterate our position.
We strongly oppose the construction of this footbridge, the
grounds of which are similar to those mentioned in our previous several
letters sent to your office., Fuch construction wil), adversely affect
the value of our above-mentioned property as well as our business in
the following manner :
(1) Properly value will be affected and drop: This is very obvious.
The effect had even been clearly seen when the footbridge
construction was gazetted but not yet started. We can quote
a practical example of victimization. We offered the above-
mentioned shopspace and property for sale in 1984. After a
very long period of time, we managed to find a buyer who agreed
to take up the offer following several rounds of negotiation.
We instructed a solicitors' firm on 11th June, 1984 to handle
the documentation for this transaction, including our borrowing
/2..
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