By the time Tuen Mun was designated as the site of a new town in 1972, San Hui had already grown into an established market in the district. The market thrived with the growth of the new town and, despite the creation of a planned town centre several hundred yards to the south, continued as a popular destination for shoppers and remained a hub for local businesses. A healthy and interesting mix was on offer, including a variety of restaurants, three theatres, several banks, clinics and pharmacies, hairdressers and boutiques, and even a Sunday market offering produce from farms and villages in the district. In short, the pedestrian precinct outside of the market was the high street of the new town short of a proper name plate.

— Denis Bray, Hong Kong Metamorphosis (2001)[1]
The shops of the original market town were moved into a purpose built complex to the south of the original site in the 1980s and the structure has since undergone several major changes, receiving a new exterior design, a new western entrance and air conditioning, but also losing its rooftop garden when the last was added to accommodate shafts and condensers.

新墟位於屯門河谷南面與青山灣交接的濱海地帶，最初由宋、賴、許三家開村，後來雜居各村各姓人氏，是名副其實的「百家村」。

1899年，英國人進佔新界時，屯門只有大約250人，主要集中在屯門舊墟，以捕魚、耕種為生。同年5月，屯門歸屬元朗約。1900年，屯門新墟開始發展為一個市集。民國時期，曾經有宋、賴、許、陶、鄧幾家集資興建「同慶堂」，作為公家物業供村民辦理各種祭祀和喜慶活動。因為鄰近青山公路元朗屯門段（1914年通車）及青山灣，新墟得水陸兩路的地利，一直是舊屯門的商業活動中心，是屯門少有的商業村。屯門河谷各村以至龍鼓灘、掃管笏、等地人氏經常聚集於新墟從事買賣。直至二十世紀中期，新墟仍然是屯門一帶地方最重要的市集。屯門第一所銀行於新墟擇地開業，足見新墟商業地位之高。

新墟曾於抗日戰爭期間興辦義學，由寄讀於青山灣梁園的廣州嶺南大學附屬中學的學生任教，新墟於1960年代開始重新發展，1980年代受政府發展屯門新市鎮影響，將「新墟村」遷往青山公路何福堂側現址。



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