History
The Taikoo Shing estate was once the site of Taikoo Dockyard, whose foundation stone now lies beside Cityplaza. The dockyard moved to United Dockyards at the west shore of the Tsing Yi Island in late 1970s, and Taikoo Shing was constructed over the site in stages, with constructions of all main residential buildings complete by the early 1990s.
As part of the business strategy, Swire Properties was established in 1972 immediately after the closing of the dockyard. Taikoo Shing became one of Hong Kong's first major private housing estates. Completing in 1986, Swire immediately became one of the largest property companies doing the construction themselves. The area was designed to maximise middle-class residential capacity.
Development of commercial areas still continues today. After the completion of Cityplaza 3 and 4 as office buildings, the original Cityplaza 1 was demolished in the mid-90s for redevelopment. As of 2007, the food market that was originally constructed was demolished to make room for a hotel.
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