There has been recent talk about Movietown being redeveloped which is inevitable in HK these days. Many of the buildings have been given heritage listings but in reality unless they are made a gazetted monument they can all easily be ripped down without any repercussions for the instigator. Actually, in HK I think even if a gazetted monument was "accidentally" destroyed there would be little the Govt would do to deter it happening again. Such is the way HK Govt works.
Anyway, let's hope that any future redevelopment would at least keep the iconic and stylish Shaw House as some sort of clubhouse, or hand it over to the Govt (or me ;-) ) and turn it into a Shaw Museum.