Kowloon Development Company Limited (“KDC”) (stock code: 0034), a member of the Polytec Group, was established in 1961 and was listed on the main board of the Stock Exchange of Hong Kong on 4 July 1995. Since its establishment, the Company has been engaged in property development and investment with the operation of its business mainly in Hong Kong in the early years.

In 2002, the Polytec Group gained control of the Company and has substantially broadened the areas of activity such that KDC is one of the few Hong Kong listed property companies having a significant portfolio of substantial development projects in Hong Kong, Macau and Mainland China with an aggregate landbank exceeding 5 million square metres. The developments in Macau are mainly held through the 73.4% controlled Hong Kong listed subsidiary, Polytec Asset Holdings Limited (stock code: 0208).

The successful implementation of this change in strategy has laid the foundation for the Company’s significant growth both within its home base of Hong Kong and beyond its borders.


The major focus of the Company to date has been residential development for sale with several projects in Hong Kong and Macau. The Company successfully launched its first mainland development project, in joint venture with CITIC, in Foshan in 2009 and currently has other development projects in Shenyang, Tianjin, Wuxi and Zhongshan which are in various stages of planning and construction. In addition to the residential trading portfolio, the Company’s landbank contains significant retail developments in Hong Kong, Macau, Wuxi and Tianjin which it is intended to retain for long term investment purposes in order to grow the Company’s portfolio of recurrent income producing properties to complement the present principal investment asset of Pioneer Centre in Mongkok, Hong Kong.

Besides expanding the existing landbank in an opportunistic manner and building out the present portfolio, KDC is focused on building a strong brand as a thoughtful developer producing quality products. The Board and Management wish to see a united team working together with passion and a drive for excellence in the products and services which the Company produces.

By realizing the inherent value of the landbank under this spirit, the Board believes this will enable a great enterprise to be built and to last.