“Another Chinatown building sold at high price” (Translated)

Aug. 21, 2016 – Translated from 明報 Ming Pao

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Another Chinatown building sold at high price

 Concern group worries gentrification could lead to loss of traditional storefronts

 Ming Pao A8 August 21, 2016

 The worry about gentrification and the loss of more Chinese storefronts is being raised once again following the sale of a street corner building in Chinatown that could be demolished and rebuilt as a nine or even 12-storey tower.

 Despite repeated fights and ongoing calls for more affordable housing and saving more low-rent storefronts in Chinatown, the situation has been getting worse  and Chinatown is becoming less and less affordable particularly for those low-income Chinese seniors, according to Wai-on [Leung] of the Chinatown Concern Group.

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