The tail end of the 1980s was when Hutchison Whampoa was putting some of the finishing touches to the Whampoa Garden development that occupied the site of their former dockyard. The reason there is a mall in the shape of a large boat in the area is as a sort of homage to the area's former identity. Although most of the estate had been constructed, Hutchison Whampoa still had a working dockyard at the very end of the peninsula and that is what you can see captured in the image below.
The old dock office building on the right was demolished some time later to make way for redevelopment and the space was later turned into One Harbourfront and the Harbour Grand Hotel. The waterfront where the boat is docked is actually now the Whampoa promenade in front of those two buildings.
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