Central Plaza surpassed the Bank of China Tower as the tallest building in Hong Kong until the completion of 2 IFC.

On the top of the tower is a four-bar neon clock that indicates the time by displaying different colours for 15-minute periods, blinking at the change of the quarter.

It was sold for a record HK$3.35 billion to a joint venture called "Cheer City Properties", owned 50 per cent by Sun Hung Kai Properties and 50 per cent by fellow real estate conglomerate Sino Land and their major shareholder the Ng Teng Fong family.

[7] Ryoden Development disposed off its 5% interest for 190,790 square feet of office space in New Kowloon Plaza from Sun Hung Kai in 1995.

The first level is a public thoroughfare for three pedestrian bridges linking the Mass Transit Railway, the Convention and Exhibition Centre and the China Resources Building.

The main contractor was a joint venture, comprising the contracting firms Sanfield (a subsidiary of Sun Hung Kai) and Tat Lee, called Manloze Ltd.[7] The building was designed to be triangular in shape because it would allow 20% more of the office area to enjoy the harbour view as compared to square or rectangular shaped buildings.

Furthermore, all air-conditioning ducting, electrical trunking and piping gathered inside the core area has to be squeezed into a very narrow and congested corridor ceiling void.

Yet at the same time, a maximum ceiling height of 2.6 m (8 ft 6 in) in office area could still be achieved with careful coordination and dedicated integration.

In the original scheme, an externally cross-braced framed tube was applied with primary/secondary beams carrying metal decking with reinforced concrete slab.

This skyscraper was visited in the seventh leg of the reality TV show The Amazing Race 2, which described Central Plaza as "the tallest building in Hong Kong" (despite this being inaccurate).