It is a historically rich street, once serving as the main access road to Kai Yuen, the influential Chan Wai Chow (陳維周) family's mansion.

[4] After the end of the Japanese occupation of Hong Kong in World War II, North Point saw a boom in immigrants from Shanghai, Fujian, and the Philippines, causing a large demand for new buildings to be built.

The period of the 1950s to the 1970s saw a variety of new developments in the Kai Yuen area, such as the construction of Chun Chu Temple, a Buddhist and Taoist temple founded in 1955 by a community of Hakka and Hainan people in North Point,[5] as well as a batch of tenement buildings for residential and commercial purposes designed by Yum Koon Seng (Chinese: 任冠生), a prominent architect most known for designing luxury apartments at the time.

[2] During the late 1970s, the last owners of Kai Yuen sold the mansion to developers, who promptly demolished it to redevelop the land into a private housing estate.

[9] Kai Yuen Terrace used to be the access road to the North Point branch of Yan Pak English Secondary School (仁伯英文書院).