A Case of Redevelopment in Hong Kong
Wedding Card Street, also Lee Tung Street, in Hong Kong is a street in Wan Chai that had been the destination of about-to-be-married couples wanting to order wedding cards and calendars. Measuring 150m long and 9m wide, Lee Tung Street was founded in the 1910s. Tailors and barbers first settled in the street followed by building material and metal retailers. In the 1950s, the street was famous for headquartering major newspapers and printing shops as the government aimed to easily monitor the operation of illegal operations, such as those specializing in counterfeit banknotes, through concentration of these shops. Wedding print items were produced starting in the 1970s. In 2003, the Urban Renewal Authority announced its HK$3.58 billion plan to redevelop Lee Tung and McGregor Streets, an area of 8900 sq.m. The plan affected 54 buildings and 647 property owners. There are also plans for the Urban Renewal Authority to work with the MTR Corporation to build an extra MTR exit worth HK$100 million in Lee Tung Street with a tunnel near the Southorn Playground on Johnston Road. The redevelopment site’s private land is now solely owned by the Urban Renewal Authority. Compensation offers of HK$4079/sq. ft. have been offered to the 647 homeowners and by the end of June 2005, more than 85% of the affected homeowners accepted the compensation offers. While more than 90% of the owners accepted the government’s compensation package, the 2 flat owners and 8 shop owners who refused to leave had three months to leave their buildings.
Local residents say that this plan to partially develop Wai Chai Market into a 46-story shopping centre and residential building and the transformation of Lee Tung Street into a Wedding City arcade of 40,000 sq.ft. and 1415 flats is only partially preserving the area’s rich cultural heritage. While the Blue House, a balconied tenement, will be preserved and residents will be able to move back in after renovations, the high-rise building being proposed for the Bauhaus style market and the commercial Wedding City do not fit into the local context. The distinctive character of diverse small shops will be gone. With the increase in rents for the new development, local businesses will not be able to afford the rent hikes and even though a short rent-exemption period will be offered, businesses may not be sustained after the exemption period since customers will be lost without a network of local businesses after the area is taken over by major property developers. 
The H15 Concern Group, a name that originated from the “H15” symbol on the renewal map of the area, was formed by residents and local businesses in 2002 to conserve the historical uniqueness of the street. A people-oriented redevelopment plan, also known as the Dumbbell scheme since the affected area has the shape of a dumbbell, that featured the street as a walking street while retaining its historical elements and focused on restoration rather than redevelopment was proposed by the group in February 2005 to the Town Planning Board. But it was turned down by the Board due to a lack of transportation and environmental assessments. After raising HK$150,000, a revised version was submitted in June 2005. The proposal calls for retention of 30 tenement buildings, the removal of a proposed underground parking lot of 100 spaces and height reductions for four proposed high-rises by five storeys. In December 2007, 3 weeks before the group’s meeting date with the Town Planning Board to discuss alternatives, the demolition of tenement buildings began. In January 2008, the Planning Department rejected the group’s proposal due to insufficient assessment of the buildings, which had been identified to be in poor condition by the Urban Renewal Authority. Additionally, the request to scrap the proposed parking lot was not supported with the potential impact on traffic.
With the economic meltdown this year, the invitation for submission of tenders has been put on hold to allow developers to reconsider their interests in the public private partnership redevelopment project while ensuring that Urban Renewal Authority can recover its redevelopment costs. In 2008, 15 submissions from developers were received.
