The 1937-built King Yin Lei is a rare surviving example of Chinese Renaissance style that reflected the design and construction excellence in both Chinese and Western architecture of Hong Kong. The "East-meets-West" construction methods have made the building a rarity in Hong Kong and an outstanding piece of art.

King Yin Lei has strong association with two famous families. It was built in 1937 by Mrs. Shum Li Po-lun, the granddaughter of Mr. Li Sing, the daughter of Mr. Li Po-chun and the wife of Mr. Shum Yat-chor, all were notable merchants and philanthropists in Hong Kong. The building was sold in 1978 to the Yow family - Mr. Yow Qhei-man and his son Mr. Yow Mok-shing, who gave the name "King Yin Lei" to the building which meant "house of virtuous views".

The building is important in signifying the historical development of Hong Kong. As one of the luxurious historic houses located along the hillside of Hong Kong Island, the building reflects the rising status and growing wealth of the Chinese community in Hong Kong. It also represents an earlier phase of Hong Kong history when the upper-class residential area took shape in the Mid-Levels.

The facade of the building has been a popular spot for taking photographs by visitors. The social value of the building also lies in the role it played in the film heritage and entertainment industry of Hong Kong. The mansion has been featured in films of international renown such as "Soldier of Fortune" (1955) and a locally produced television series "Delightful Dream of the Capital" (1980). These examples reflect the high scenic character of the site.

The building was sold to its current owner in August 2007, and works to remove the roof tiles, stone features and window frames were noticed on site in early September 2007. Restoration works are being carried out and expected to be completed in 2010.