[4][5] Although among the grandest colonial residences in the capital and protected by heritage laws, the compound was almost completely demolished by its new owners, the conglomerate Modern Group.

The ancillary buildings to the north and south were one-floored structures, and were used as service quarters and accommodation for children, concubines and servants.

All three houses were constructed for the family of the Batavian magnate and landlord Khouw Tian Sek, Luitenant der Chinezen (died in 1843).

His son and successor, Luitenant Khouw Tian Sek, became one of the colony's wealthiest magnates when his rural landholdings along Molenvliet canal became prime urban property thanks to Batavia's southwards expansion.

The Kapitein's cousin, Khouw Kim An, later inherited the house, and went on to become the last Majoor der Chinezen of Batavia, the colony's highest Chinese civil authority, from 1910 until 1918, then again from 1927 until his death in 1945.

Majoor Khouw Kim An was apprehended by the occupying forces and died in a concentration camp in 1945;[8] After the war, the late Majoor's house was inherited by his family, who either sold or donated it to a Chinese social and educational organisation, called Sin Ming Hui (新明會), or Perkumpulan Sinar Baru in Bahasa (the "New Light Society").

[8] Sin Ming Hui used the building for an educational institute that later became Tarumanagara University and a medical clinic that later became Sumber Waras Hospital, as well as a sports and photography group.

Hartono intended to demolish the compound and erect a new superblock of offices and apartments, called Green Central City.

In February 2012, the main buildings of Candra Naya were reassembled after being temporarily dismantled to make way for the construction of Green Central City.