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Swire Pacific Limited

Press Release

2nd September 1996


For immediate release

Sale of Island Place

Swire Properties Ltd. announces today (2nd September) the sale by ballot of phase one of the residential development at Island Place in North Point.

Forty-eight units representing a mix of sizes will be offered to the public at an average price of HK$6,282 per sq. ft. Ballot registration for the first phase will take place from 10th to 13th September, between 10am and 6pm daily, at the sales office set up in the ground floor lobby of Cityplaza 4. A shortlist of successful applicants will be drawn immediately after registration closes on the 13th, and the results will be announced on the 15th in Oriental Daily News, Sing Pao Daily News and Sing Tao Daily News. Flat selection will take place on the 16th.

Three show flats attached to the sales office will be open for public viewing from 3rd to 13th September, between 10am and 8pm daily. There will also be six interactive computers to help potential buyers with information on the various types of units. The sales brochure and the price list will be available from the sales office during the exhibition period.

Island Place consists of a total of 784 residential units in three towers, and features a range of facilities including a landscaped podium garden, children's playground and swimming pool. The project also comprises a four-level retail podium and a 25-storey office building.


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