The recent demolition of the Star Ferry Pier may have stirred some emotions and memories in some Hong Kong citizens. In order to maintain its reputation, Hong Kong has done a lot to build up an image of a modern and cosmopolitan city. Of late, the Hong Kong government has demolished several significant historical landmarks, including the Clock Tower at Star Ferry Pier. This action infuriated some citizens. As a result, they staged a protest to express their anger and frustration. Preservation of historical buildings and backstreets is a controversial and serious issue for both the Hong Kong government and citizens to ponder upon.

Undoubtedly, there are much more merits rather than demerits in preserving the historical buildings and backstreets in areas such as Wan Chai and Sheung Wan. First and foremost, such historical architecture is a significant and important part of Hong Kong. All have witnessed the development and change of Hong Kong. Preserving them not only lets people know more about the milestones in the city's development, but also retains their original and traditional features of great historical value.

These historical buildings and backstreets have also witnessed the poor living conditions of Hongkongers in the past. They have great historical value although they may not be the most beautiful ones. The older generation can also recall past memories, and reminisce about them. Consequently, citizens' sense of belonging to Hong Kong will be strengthened, which in turns allows Hong Kong to become a harmonious and warm city.

The second merit of preserving our heritage through buildings and backstreets is to help boost Hong Kong's tourism sector as well as its economy. If the government preserves these buildings with a high historical value, foreigners and historians who are interested in them will choose to visit Hong Kong rather than other countries. Being a city rich in cultural heritage will boost Hong Kong's image as a place to visit for this purpose. Thus, the tourism industry and resultantly, the economy will be greatly enhanced.

Although there are a lot of merits in preserving historical buildings, we cannot deny the bane of preservation. Hong Kong is a crowded city with inadequate land for development. In order to be ranked as one of the world-class cities, old buildings have to give way for space for new facilities, as well as modern and macro-scale architecture.

Furthermore, preserving these historical buildings will create a strain on government revenue. A large amount of money is needed to pay for the maintenance of these buildings. The government can earn income from property tax if the old buildings are pulled down for newer ones. Preserving these buildings will restrict the development of Hong Kong, especially in terms of business.

In conclusion, the merits of preserving historical buildings and backstreets in Hong Kong outweigh its demerits. Not only can they retain their historical value, but they can also greatly boost Hong Kong's tourism sector. This is the only way to maintain Hong Kong's reputation as a cosmopolitan city in the world.