Belilios was the major shareholder of HSBC, and in 1880 he opened the Beaconsfield Arcade in Central, the first multi-storey mall in Hong Kong. He was definitely a superb neighbour to make friends with!
In 1934, the government had another mansion-like summer residence built in Fanling, the New Territories, for the Governor. With it, Mountain Lodge was gradually abandoned. It suffered heavy damage during the Japanese occupation, and when Hong Kong was liberated in 1934, the government settled on its demolition, leaving only a guardhouse several tens of meters away, plus the foundation and wall of the Lodge. The area became the Victoria Peak Garden today.