Chater had been lobbying for some time in government circles for a new reclamation project in the Victoria District in Central Hong Kong and the construction of a new Praya along the harbour front. Six days after the formation of Hongkong Land, he got his way. The reclaimed land was to yield an area of of building land some wide along a new waterfront road that came to be known as Chater Road. This "Central Reclamation" has since become a core element of Hong Kong's Central District, forming as it does the land between today's Des Voeux Road Central and Connaught Road Central, including Statue Square and Chater Road itself.