Hopewell Holdings
Hopewell Holdings took over ownership of the building in 1993, which was initially acquired to be demolished in order to make way for their Mega Tower hotel project (Hopewell Centre II). However, the site has stood vacant since then; despite the fact that the company's development proposal gained Government approval in 1994. While Hopewell Holdings remains the current proprietor of Nam Koo Terrace; recent public announcements indicate that their intentions have now shifted to the preservation of this historical site but does not have any concrete plans announced since 2008. "See: Preservation"