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Tiananmen Square crackdown

Letters

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Not the right person for commission

The appointment of Henry Cheng Kar-shun of New World Development to the Commission on Poverty is inappropriate.

The prime creator of poverty in our community has been the transformation of reasonably priced accommodation close to job opportunities into luxury properties traded as investment vehicles, often left empty and contributing nothing to the local economy.

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The Urban Renewal Authority (URA) was established to improve living conditions in dilapidated urban areas.

Instead, it became a vehicle to drive ordinary folk from these districts and provide cheap land for property developers.

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One of the developers that gained most from this cosy arrangement was New World. The Masterpiece in Tsim Sha Tsui is the most visible testament to a policy that played a significant role in creating the wealth gap and the widening Gini coefficient, now among the highest in the developed world

Speculative activity at The Merton in Kennedy Town that deprived genuine buyers of their rights to a fair and open market sent an ex-director of the URA to prison.

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