The Urban Renewal Authority (URA) will adopt tactical measures along with the implementation of the Peel Street/ Graham Street project in order to keep the nearby century-old market intact as well as to enhance its vibrancy.
     The URA has mapped out a comprehensive plan to address the needs and requirements of shops and stalls operating in the market. Construction work will be carried out in stages to minimize inconvenience to market stall operators and users.

     Firstly, the affected shop operators will be allowed to continue their operations until actual construction or demolition takes place. Secondly, safety hoardings and decorative protection will only be erected on either side of the streets at any one time so as to allow them to continue their businesses. Arrangements will also be made to market-related wet provision shops within the redevelopment area, under which they will be temporarily re-located within the three sites of the project. Thirdly, upon completion of the project, priority will be given to these shop operators to be accommodated at market rent in the future two-storey retail shop building which is easily accessible from all directions. The URA has also reserved storage space totalling some 300 sq m in the project for hawker stall operators who need to rent additional space for storing their goods.

     Though the proposed phased development will result in a longer redevelopment period of up to 18 to 24 months with an additional development cost of about HK$200 million. The original development cost for the project is estimated at HK$3.8 billion.