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Shaping the City of Sadness

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1977 Special Committee on Land Production recommends government study feasibility of developing Tin Shui Wai.

1979 Mightycity, a consortium owned mainly by China Resources and Cheung Kong, acquires fish ponds and farmlands in Tin Shui Wai

1980 Mightycity approaches government to develop new town of about 535,000 people in Tin Shui Wai. Government regards proposal as inappropriate.

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1982 Government and Mightycity sign joint venture agreement in July where government buys back all 488 hectares lands in Tin Shui Wai for HK$2.3 billion and grants 38.8 hectares back to Mightcity at HK$800 million for private residential development.

1986 Cheung Kong raises stake in Mightcity to 44.5% from 14.5%

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1987 Mightycity sues government for not delivering 38 hectares on time.

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