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
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