Kowloon Development Co. Ltd. is an investment holding company, which engages in the property investment and development. It operates through the four business segments: Property Development, Property Investment, Oil, and Other Businesses. The Property Development segment involves in the development and sale of properties in Hong Kong, Mainland China, and Macau. The Property Investment segment include leasing of properties to generate rental income and to gain from the appreciation of properties' values in the long term. The Oil segment comprises oil exploration and production. The Other Businesses segment consists finance services, income from the sale of ice, and the provision of cold storage services and treasury operations. The company was founded on January 24, 1961 and is headquartered in Hong Kong.