Hang Lung Development plans to spend up to HK$2 billion on non-property projects in a strategy to develop alternative income sources.
According to chairman Ronnie Chan Chi-chung the investments will focus on both technology-related and traditional industries.
As part of this strategy the company's 59 per cent-owned property-investment arm, Amoy Properties, would continue its expansion into property development, he said.
Last year, Amoy on its own undertook the HK$5.5 billion fourth-phase residential development at Kowloon Station.
Mr Chan said the board decided to change Hang Lung's focus because international investors had begun to lose interest in property companies.
It would continue working on existing properties until they were completed.