Residents of an old building that hit the headlines for being "paper thin" in downtown Shanghai will be relocated, local authorities said on Wednesday.

They will move out along with those living in the nearby old neighborhood on the backstreet of Nanjing Road E.

The relocation campaign for the Fujian Road block in downtown Huangpu District has been initiated after over 99 percent of the residents agreed to get relocated with government subsidies, the district announced on Wednesday.