The Tung Chung Line opened in 1998 as part of the massive new airport project. Olympic is one of its stations and several large residential estates have sprung up around the station, giving the gritty Tai Kok Tsui area a new face.
A star attraction is the skyline view for some of the residents and a waterfront promenade.
The typical railway business model is to build a mall and private housing estates on top or attached to its stations. Selling the air rights would help fund construction and guarantee customers once the trains start running.
The older section in Tai Kok Tsui has a lot of small shops and restaurants although redevelopments are under way. Since the high-speed railway to China runs diagonal across the district, not all the plots could support new highrises, but gentrification is happening.
Two major banks have offices on either side of the station.