Edited sentence: As a result, the Board of Directors decided in 1989 to press ahead a major redevelopment plan for the college.It was decided that lands located in the hillside would be sold to the Cheung Kong (Holdings) Limited for pooling a source of income for the redevelopment project.New campus facilities were launched in 1997.The campus facilities, degrading as time passed, were soon in urgent need of renovation.The college's enrolment increased steadily.The hilltop was maintained to be the landmark of the campus site