The 40-hectare Anderson Road Quarry in Sau Mau Ping was handed back to the government on Wednesday after supplying construction materials to the city for five decades.
It's thought that around a quarter of all buildings in Hong Kong contain at least some material that was quarried from the site.
Now, it’s set get a new lease on life – as a much needed source of housing.
The government's planning to build 9,400 private and subsidised housing flats there – enough to house 25,000 people – with the first residents expected to be able to move in as early as 2023.
K. Wah group, which operated the quarry, held a ceremony to mark the handover of the site. Vice chairman, Francis Lui said future residents will enjoy “the best sea-view in town… almost like a Victoria Peak.”
The area is already primed for development, with a 10-kilometre drainage system already in place.