Background
In 2004, while Leung was Director of Housing, the government sold an unused Private Sector Participation Scheme project. The sale of the Hung Hom Peninsula HOS housing estate to NWD took place at less than half of the original asking price.
In November 2005, Leung was criticised in an Audit Commission report, for having exercised his discretionary power before conferring with other government departments in 2001. Henderson Land Development had been granted permission to exclude the public transport terminus from the gross floor area in its building plan for their Grand Promenade development, thus gaining additional revenues of HK$3.2 billion as a result of the decision. The effect was to allow the addition of 10,700 square meters to the project.
Read more about this topic: Leung Chin-man Appointment Controversy
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