King Yin Lei (Chinese: 景賢里) is a Chinese style mansion located at 45 Stubbs Road above Happy Valley racecourse on Hong Kong Island. The Government plans to declare King Yin Lei, at 45 Stubbs Road a monument under the Antiquities & Monuments Ordinance.
The Conservancy Association of Hong Kong (長春社), a strong advocate of the historical heritage, wrote to the Secretary for Home Affairs Patrick Ho in April requesting him to consider declaring the mansion as a monument under the Antiquities and Monuments Ordinance. The Association also organised the "Save King Yin Lei Campaign" in June and generated a public discussion. Yau Mok Shing (邱木城) then told the media that he would not sell the building for the moment.
The Government of Hong Kong did not act to preserve the building, as it was private property and had not utilized its allocated land mass to the fullest. If the government was to declare it a historical building, thus forbidding the demolition and any further development on the site, it would have to pay huge compensations to the owner, in the millions.
The new owner wrote to the government on the preservation of the site but received no reply, which Secretary for Development Carrie Lam admits as her department being insensitive.
Finally, on 25 January 2008, the Government reached a preliminary understanding with the owner on a possible preservation option for the mansion. The owner will surrender King Yin Lei's whole site to the Government after restoration. Subject to the necessary town planning approval, the Government will grant an adjacent man-made slope site of a size similar to King Yin Lei to the owner for development, subject to the same plot ratio of 0.5 and a height restriction of three storeys.
In 2007, the Hong Kong Government listed nearly 500 buildings in Hong Kong as historical buildings but King Yin Lei is not on the list.
The legendary TV series Yesterday's Glitter (京華春夢) starring Liza Wang (汪明荃) and the 1955 Hollywood movie Love is a Many-Splendored Thing (生死戀) starring William Holden were both shot inside the mansion.