Push to extend flat sale curbs to URA partners

Robber barons at work assisted by the Urban Renewal Authority, first rezone commercial areas to residential then profit. New World Development the same barons who bought the Hung Hom Peninsula for well below market and then hired the Permanent Secretary for Housing, Planning and Lands, Leung Chin-man when he retired.

The New World conglomerate's grand-father cheng when asked would he gift his new grand-daughter in law, replied: 'she's getting my grandson, isn't that enough of a gift?'

Class and humility.

"Development minister Carrie Lam Cheng Yuet-ngor yesterday pledged to ask the Urban Renewal Authority to consider extending to its project partners the authority's restrictions on sales to staff.

The pledge came after seven of the first 30 flats of The Masterpiece development in Tsim Sha Tsui were found to have been bought by relatives of New World Development managing director Henry Cheng Kar-shun."