Swire Properties Unveils “The Headland Residences” a Premium Residential Development on Hong Kong Island’s East Coast

Swire Properties is pleased to announce the name of its new, premium residential development in Chai Wan, "The Headland Residences". The name highlights the development's prime location on the eastern coastline of Hong Kong Island, offering an unparalleled experience that combines the convenience of urban living alongside easy access to natural scenic spots such as country parks and two of Hong Kong's best beaches.

The Headland Residences features three residential towers, spanning a site area of approximately 100,000 sq ft with a total gross floor area of approximately 700,000 sq ft. The development includes a total of 850 units, primarily spacious two-bedroom and three-bedroom units¹ ranging from approximately 500 sq ft to 1,100 sq ft², to accommodate the needs of different homeowners, together with limited one-bedroom and four-bedroom units with efficient layouts, as well as luxurious, mega-sized, special units.

"We are delighted to introduce 'The Headland Residences', a large-scale residential development on the eastern coast of Hong Kong Island which is a rare offering to the market in recent years. The development enjoys superb accessibility, being located near major routes including the Island Eastern Corridor and Eastern Harbour Crossing, and in close proximity to Taikoo Place, a Global Business District, and Cityplaza, the largest shopping mall on Hong Kong Island.

"This remarkable development offers a diverse selection of spacious and well-appointed apartments. A broad range of amenities are available, including an expansive 40,000 sq ft garden area³ at ground level which is directly connected to the project. "Club Headland" ⁴, the exclusive clubhouse, is equipped with around thirty top-tier fitness and leisure facilities, as well as a lawn for multi-generational families to enjoy.

"We are confident that the development will be warmly received by a wide range of buyers," said Adrian To, Director, Residential at Swire Properties.

In addition to high quality management services to be provided by Swire Properties, residents will also benefit from the convenience of well-established community facilities nearby, including a sports ground, promenades and retail outlets that cater to different needs.

The Headland Residences is approximately a 10-minute drive from Taikoo Place and Cityplaza⁵, and an approximately 15-minute drive from the Admiralty and Central business districts⁶. A public transport interchange will be built at ground level, along with pickup points in the immediate neighbourhood, providing over 40 bus and minibus routes to other districts, in addition to easy access to Chai Wan MTR station. The development is also only an approximately 20-minute drive to Dragon's Back hiking trails, Shek O beach, Big Wave Bay, Shek O Country Park and Tai Tam Country Park⁷.

The Headland Residences is currently at the superstructure phase, awaiting pre-sale consent approval. The development will be completed in phases, with the first occupation permit expected to be obtained in 2025.

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About The Headland Residences
The Headland Residences is a new residential development in Chai Wan, developed jointly by Swire Properties and China Motor Bus Company, Limited. The project comprises three residential towers with a total of 850 units featuring one-bedroom to four-bedroom layouts as well as special units¹ (the majority of units being two-bedroom and three-bedroom layouts¹), with typical unit sizes ranging from approximately 400 sq ft to 1,400 sq ft². The development is expected to be completed in phases, with the first occupation permit expected to be obtained in 2025.

Visit The Headland Residences' website at www.theheadlandresidences.hk^#.

About Swire Properties
Swire Properties develops and manages commercial, retail, hotel, and residential properties, with a particular focus on mixed-use developments in prime locations at major mass transportation intersections. Swire Properties is listed on the Main Board of the Stock Exchange of Hong Kong and its investment portfolio in Hong Kong comprises Taikoo Place, Pacific Place, Cityplaza, Citygate. The Company's completed portfolio in Hong Kong comprises approximately 16.5 million sq ft (approximately 1.54 million sqm) of space.

In the Chinese Mainland, Swire Properties has six completed mixed-use developments. They include Taikoo Li Sanlitun and INDIGO in Beijing, HKRI Taikoo Hui and Taikoo Li Qiantan in Shanghai, Taikoo Hui Guangzhou and Taikoo Li Chengdu. INDIGO Phase Two in Beijing, Taikoo Li Xi'an, Taikoo Li Sanya^~, New Bund Mixed-use Project and Lujiazui Taikoo Yuan in Shanghai and retail portion of Julong Wan Project in Guangzhou are currently under development. The Company's completed portfolio in the Chinese Mainland comprises approximately 14.0 million sq ft (approximately 1.3 million sqm) of space.

In addition to Hong Kong and the Chinese Mainland, the Company has a presence in the United States, Indonesia, Vietnam, Singapore and Thailand.

Visit Swire Properties' website at www.swireproperties.com

^~Project name to be confirmed.

¹ The flat mix of the Development shall be subject to the final approved plans of the relevant Government authorities. Please refer to the sales brochure for details^*. The Vendor reserves the right to amend the layout plans and floor plans of the residential units in accordance with the agreements for sale and purchase and the latest building plans approved by the relevant government authorities. ²The saleable area is calculated in accordance with Section 8 of the Residential Properties (First-hand Sales) Ordinance (Cap. 621). The areas in square feet have been converted from square metres based on a conversion rate of 1 square metre = 10.764 square feet and rounded off to the nearest integer. ³The garden area is the public open space to be constructed in an area adjacent to the site of Phase 1, which will be accessible by all members of the public upon its completion. The public open space and the facilities thereof (if any) may not be immediately available for use and enjoyment upon the date of occupation of the residential properties. The use and operation of the public open space and the facilities thereof (if any) shall also be subject to issuance of the relevant consents or licences from the Government. ⁴The use and enjoyment of Club Headland will be shared amongst the owners and residents of the Development (including Phase 1 and Phase 2). Club Headland and the facilities and/or services thereof may not be immediately available for use and enjoyment upon the date of occupation of the residential properties. The use and operation of the facilities and/or services shall also be subject to issuance of the relevant consents or licences from the Government. The name "Club Headland" is a promotional name for use in promotional materials only, and will not appear in any deed of mutual covenant, preliminary agreement for sale and purchase, formal agreement for sale and purchase, assignment or title deeds relating to the Development. The facilities and/or services may be provided by other contract-based third party companies. The use and enjoyment of the facilities and/or services may also be subject to payment of additional fees, and shall be governed by the terms and conditions of the relevant suppliers, contractors and/or third party service providers. All facilities and/or services to be provided, and their designs and usage rights are subject to change and the final decision of the Vendor. ⁵The travel time is calculated based on the driving direction and information provided by Google Maps from 99 Sheung On Street to One Taikoo Place and to Cityplaza and the lawful speed limits. The time mentioned is for reference only and may be affected and restricted by actual traffic, road and weather conditions. ⁶The travel time is calculated based on the driving direction and information provided by Google Maps from 99 Sheung On Street to Pacific Place and to the Hong Kong MTR Station and the lawful speed limits. The time mentioned is for reference only and may be affected and restricted by actual traffic, road and weather conditions. ⁷The travel time is calculated based on the driving direction and information provided by Google Maps from 99 Sheung On Street to the Dragon's Back hiking trails, to Shek O beach, to Big Wave Bay, to Shek O Country Park, and to Tai Tam Country Park and the lawful speed limits. The time mentioned is for reference only and may be affected and restricted by actual traffic, road and weather conditions.

Name of the Development: The Headland Residences (the "Development") | Phases of the Development: Phase 1 ("Phase 1") and Phase 2 ("Phase 2") of the Development | District: Chai Wan | Name of the street and street number: 99 Sheung On Street^ | Address of the website designated by the Vendor for Phase 1 and Phase 2: www.theheadlandresidences.hk^#

The photographs, images, drawings or sketches shown in this advertisement/promotional material represent an artist's impression of the development concerned only. They are not drawn to scale and/or may have been edited and processed with computerized imaging techniques. Prospective purchasers should make reference to the sales brochure^* for details of the development. The Vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby.

This press release is published by the Vendor or by another person with the consent of the Vendor. All contents of this press release are for reference only and do not constitute and shall not be construed as constituting any contractual term, offer, representation, undertaking or warranty, whether expressed or implied. Please refer to the sales brochure^* for details.

Vendor: Joyful Sincere Limited | Holding companies of the Vendor: Windcharm Property Holdings Limited (formerly known as Windcharm Investments Limited), Bright Faith Limited, Swire Properties Limited | Authorized Person for Phase 1 and Phase 2: Leung So Wan Susan | The firm or corporation of which an Authorized Person for Phase 1 and Phase 2 is a proprietor, director or employee in his or her professional capacity: Wong & Ouyang (HK) Limited | Building Contractor for Phase 1 and Phase 2: China Overseas Building Construction Limited | The firm of solicitors acting for the owner in relation to the sale of residential properties in Phase 1 and Phase 2: Mayer Brown | Any authorized institution that has made a loan, or has undertaken to provide finance, for the construction of Phase 1 and Phase 2: The Hongkong and Shanghai Banking Corporation Limited (to be provided before commencement of sales) | Any other person who has made a loan for the construction of Phase 1 and Phase 2: Windcharm Property Holdings Limited (formerly known as Windcharm Investments Limited) I The estimated material dates for Phase 1 and Phase 2, respectively, as provided by the Authorized Person for Phase 1 and Phase 2 to the best of the Vendor's knowledge: 31 August 2026 and 28 February 2027 | ("Material date" means the date on which the conditions of the land grant are complied with in respect of the phase. The estimated material date is subject to any extension of time that is permitted under the agreement for sale and purchase.) Prospective purchasers are advised to refer to the sales brochure^* for any information on the relevant phase. As at the date of printing of this press release, the Vendor has not yet obtained the pre-sale consent of the Director of Lands to enter into agreements for sale and purchase of the residential units and parking spaces in Phase 1 or the residential units in Phase 2. Date of printing: 26 September 2024

^{^}The provisional street number is subject to confirmation when Phase 1 and Phase 2 are completed.
^#The address of the website designated or to be designated by the Vendor for Phase 1 and Phase 2 for the purposes of Part 2 of the Residential Properties (First-hand Sales) Ordinance.
^*As at the date of production of this press release, the sales brochure of Phase 1 and the sales brochure of Phase 2 have not yet been made available.

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