[1] On 28 November 1989, the site was purchased at government auction for HK$286 million by Lo Yuk-sui of development company Century City.

Lo stated that his company planned to spend HK$700 million constructing a shopping and cinema complex, with a car park, on the site.

Following the closure of nearby Kai Tak Airport, Paliburg Holdings proposed to build a 39-storey hotel on part of the site.

However, this was rejected by the Town Planning Board on 19 November 1999, on the grounds that the scale of the proposal was not compatible with the site's surroundings.

[6] Kowloon City Plaza was acquired by real estate fund Pamfleet, in partnership with Morgan Stanley, for HK$2.03 billion in April 2004.