The Urban Renewal Authority and Secretary for Development Lam Cheng Yuet ngor announced a alternative renewal plan for Wing Lee Street yesterday. The new plan saved the street from demolition and was widely seen as a gesture to show the government's willingness to make concession on relatively less important project amid surging public pressure. If the plan is adopted, all 12 tenement buildins in the street will be preserved in stead of 3 building in the original plan. The authority, have alreadly acquired half of the properties in the street, will no longer approach to the owners for acquisition. Owners who received compensation before can stay but need to pay the compensation back. For owners still interested in selling their properties can approach to the authority, but under the new plan owners would only be given an amount equivalent to the existing value of their flats, which is much lower than the original plan - owners can receive an amount equivalent to the seven years old building.
Some of the owners and tenants said they were upset by the new plan since they hoped to relocate to public housing. One of the tenants said she had waited the government for buying her flat for over 10 years.
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