Conservationists and district councillors have expressed concern over the gradual disappearance of the 150-year-old Graham Street market, as about 10 per cent of the shops have closed after being acquired by the Urban Renewal Authority. They also urged the Food and Health Bureau to issue new licences to hawkers so more stalls could be set up to keep the wet market going. Central and Western Concern Group spokeswoman Katty Law Ngar-ning said the market had become less vibrant since the authority began taking over the properties last July. 'Some shop operators said business has been dropping, as residents are moving out after receiving compensation,' she said. The Graham and Peel streets redevelopment and the Staunton Street project had boosted shop rents in the area, making it hard for existing operators to relocate in the neighbourhood, Ms Law said. District councillor Tanya Chan Suk-chong said the authority should consider a proposal by the conservation group World City Committee, advocating phased redevelopment and keeping to the existing scale of neighbourhood buildings. The authority's chairman, Barry Cheung Chun-yuen, had earlier pledged to preserve the wet market, but no details of such a plan have been revealed. The authority would consider asking the government to review its policies, so that hawkers could run stalls in the market.