Company DescriptionSmart City Development Holdings Limited, an investment holding company, operates as a contractor in the building industry in Hong Kong, the People's Republic of China, and Macau. It operates through four segments: Construction Business, Securities Investment, Property Investment Business, and Money Lending Business. The Construction Business segment undertakes building construction works; electrical and mechanical engineering works; and alteration, addition, renovation, refurbishment, and fitting-out works, as well as provides decoration engineering services. The Securities Investment segment invests in long term and short term marketable securities. The Property Investment segment invests in, acquires, and rents properties. The Money Lending Business segment engages in the money lending activities. The company was formerly known as Deson Construction International Holdings Limited and changed its name to Smart City Development Holdings Limited in September 2020. Smart City Development Holdings Limited was founded in 1988 and is headquartered in Kwun Tong, Hong Kong.
How the Company Makes MoneySmart City Development Holdings Limited generates revenue through its core business operations in the construction and engineering sectors. The company earns money primarily by undertaking construction contracts for both private and public sector projects. Revenue streams include fees from building construction, maintenance services, and renovation projects. The company may also engage in strategic partnerships or collaborations with government entities and private developers to secure contracts and expand its project portfolio, which contributes to its earnings.