Hung Hom Peninsula Housing Estate
While Leung was Director of Housing, the government sold a disused but never previously occupied Private Sector Participation Scheme project. The Hung Hom Peninsula project was sold for a below-market land premium of HK$864 million to New World Development (NWD), who subsequently sold off half share to Sun Hung Kai. In 2004, the consortium announced the demolition of these buildings to make way for luxury apartments. The huge popular outcry about this needless destruction of "perfectly good buildings" to satisfy "corporate greed" resulted in an unprecedented about-turn: the developers withdrew the plan on 10 December 2004.
Read more about this topic: Leung Chin-man, Controversies
Famous quotes containing the words hung, housing and/or estate:
“Your thighs are appletrees
whose blossoms touch the sky.
Which sky? The sky
where Watteau hung a lady’s
slipper.”
—William Carlos Williams (1883–1963)
“We have been weakened in our resistance to the professional anti-Communists because we know in our hearts that our so-called democracy has excluded millions of citizens from a normal life and the normal American privileges of health, housing and education.”
—Agnes E. Meyer (1887–1970)
“The difference between de jure and de facto segregation is the difference open, forthright bigotry and the shamefaced kind that works through unwritten agreements between real estate dealers, school officials, and local politicians.”
—Shirley Chisholm (b. 1924)