In his Policy Address of 2009-10, the Chief Executive proposed a new initiative called “Conserving Central”, which was aimed at achieving a balance between development and conservation. As part of this initiative, the Urban Renewal Authority was tasked to revitalize the Central Market.
Given the high density and the need for better air ventilation in busy Central, URA proposes to adopt ‘Central Oasis’ as the theme for this project. The objective would be to introduce more greenery into Central and to create an amenity space for the public, especially the working population in Central, for their enjoyment of a variety of leisurely and relaxing activities throughout the day.
Situated strategically, and easily accessible from Des Voeux Road Central, Queen’s Road Central and Jubilee Street, the Central Market building connects major commercial centres in the district, including the IFC and Exchange Square through a foot bridge system. It also connects with the mid-levels escalator system that takes people to the former Police Married Quarters site on Hollywood Road, the Dr Sun Yat-sen Museum and the Historical Trail.
The area where the market is located was a market place for century. There had been demolitions and re-buildings in 1842, 1857, 1895 and 1939. The latest one built is the fourth generation. It is one of the examples of the Streamline Moderne architecture. The building is also characterized by the building’s slim horizontal lines and functionalism. In March 2003, the Central Market ceased to operate.