The original stone steps of the Ship Street are well-preserved among the rapid development of Hong Kong.
Before the completion of Hopewell Centre in 1980s, the street was the preferred access among the students of surrounding schools like St. Francis' Canossian College and Tung Chi College (同濟中學).
It is because the project would also involve demolition of the historical building of the famous haunted house, Nam Koo Terrace (南固臺) and felling of various climbing fig trees.
The lower part between Johnston Road and Queen's Road East is designated to become a pedestrianised street after the completion of a major Urban Renewal Authority project.
In the modified planning, Nam Koo Terrace would be preserved in the project.