It was jointly developed by Cheung Kong Holdings and Far East Hotels and Entertainment in 2002.
[2] Far East Hotels and Entertainment surrendered the Lai Chi Kok Amusement Park and Sung Dynasty Village attractions to the Hong Kong Government in exchange for the 90,000-square foot site that is now home to Nob Hill.
The residential estate was developed as a joint venture between Far East and Cheung Kong.
Block 1 and Lai Chi Kok Bus Terminus at its ground floor belonged to Sham Shui Po District while Block 2 and 3 belonged to Kwai Tsing District.
As a result, the government decided to put Nob Hill wholly into Sham Shui Po District in 2007.