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Swire Pacific Limited

Press Release

24th October 1996


For immediate release

Sale of Island Place

Swire Properties Ltd. today announces details of the sale by ballot of the third phase of its residential development at Island Place in North Point.

In this phase are 48 units comprising four floors from Two Island Place, which is being offered for the first time, and two floors from Three Island Place. The units range in size from 672-996 sq. ft. and are being offered at an average price of HK$6,438 per sq. ft.

Ballot registration for Phase 3 will take place from 4th to 6th November, between 10am and 8pm on the first two days and finishing at 12 noon on the 6th. Results of the ballot will be announced on the 7th, in Ming Pao Daily News and Hong Kong Economic Times, followed by flat selection on the 8th.

Details of the sale and the price list will be available from the Island Place sales office at Cityplaza 4 from 26th October. The three show flats at the sales office are also now open to the public, between 10am and 8pm daily.


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