Swire Properties, sales agent for Ocean Shores, announced today (Monday, 21 February) details of the first phase of public sale for the large-scale residential project jointly developed by Swire Properties and Sun Hung Kai Properties in East Kowloon.

There will be 32 units offered for sale in the first batch of the launch, with an average price of HK$3,268 p.s.f.

Ocean Shores, at the waterfront of East Kowloon, aligned to maximise its panoramic sea view or the lush greenery of the neighbouring hillside, is composed of 15 residential towers.

The development will be completed in 3 phases offering over 5,000 residential units, comparable to half of the size of the massive development, Taikoo Shing, in Island East. Phase 1 will be completed in early 2001, consists of 1,920 quality apartments in one to three-bedroom design with sizes ranging from 530 sq. ft. to 1,072 sq. ft. A unique layout feature in comparison to the neighbourhood is the "en suite" maid's room in the three-bedroom apartments.

Directly linked with the future Kowloon East MTR major interchange station, Ocean Shores is at the hub of a transport network that allows residents to reach Hong Kong Island and the rest of Kowloon within minutes. The driveway from Ocean Shores provides direct access to Lam Tin leading to the Eastern Harbour Crossing.

Both Swire Properties and Sun Hung Kai Properties are renowned for their choice of finishes. Ocean Shores takes on this tradition and only the finest fittings and finishes are used in the development including world famous brands. Quality management is provided at Ocean Shores by Kai Shing Management Services Ltd.

The needs of modern families and children are well taken care of at the Ocean Shores. For example, the professional organisation, Playright has been invited to design i.Kids World, which offers multi-faceted learning opportunities so that children living in Ocean Shores can be properly stimulated intellectually, interactively and innovatively.

Residents can enjoy extensive facilities in the clubhouse and landscaped garden of over 350,000 sq. ft., including the most luxurious and comprehensive collection of pools in Kowloon East to satisfy the residents of different ages.

Other facilities include a 6-lane bowling centre, simulated golf centre, golf putting area, multi-purpose indoor gymnasium, billiard room, etc.

SuperHome.Net, the lifestyle-enriching online e-community services will be available to residents of Ocean Shores.

Showflats are open in Festival Walk and Cityplaza 4 from 10:00 am to 8:00 pm daily. Ballot registration will take place between 28 February to 3 March at Cityplaza 4 Ground Floor. Selection of units will be held at the same location on 4 March.

Ocean Shores
Fact Sheet

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Name of Property        :  Ocean Shores



Location                :  Next to Tiu Keng Leng MTR Station,

                           Kowloon East



Expected OP Date        :  Phase 1 - 1st Quarter 2001



Developer               :  Arrowtown Assets Ltd.

                           (A subsidiary owned by Swire Properties

                           & Sun Hung Kai Properties)



Architect               :  Wong Tung & Partners Ltd.



Management              :  Kai Shing Management Services Ltd.



Use                     :  Residential/Retail



Site Area               :  Over 500,000 sq. ft.



Total Residential Area  :  Over 4 million sq. ft.



Total Retail Area	:  Over 30,000 sq. ft.



No. of Phases		:  3



No. of Towers		:  15

			   * Phase 1 - Tower 1, 2, 3, 5 & 6

			   * Phase 2 - Tower 7, 8, 9 & 10

			   * Phase 3 - Tower 11, 12, 13, 15, 16 & 17



No. of Units		:  Over 5,000

			   * Phase 1     - 1,920 units

			   * Phase 2 & 3 - over 3,000 units



No. of Floors / Storeys	:  1/F - 53/F; total 48 storeys

(Phase 1)		   (No designation of 4/F, 14/F, 24/F, 34/F

			   & 44/F)



No. of Carparks		:  Over 1,000

			   * Phase 1 - over 400 carparks





Size & Bedroom Mix	:  approx. 530 - 1,072 sq. ft. gross

(Phase 1)		   1 to 3 bedroom designs; plus 3 bedroom with

			   utility/maid's room and maid toilet



Recreational Facilities	 

  Outdoor		:  over 350,000 sq. ft. club house facilities

			   and landscaped podium garden, outdoor

			   children playground, 50-metre swimming pool,

			   children's pool, toddler's pool, sundeck and

			   tennis court 



  Indoor		:  swimming pool, children's pool, toddler's 

                           pool, baby pool, wet play beach, changing  

                           rooms, children's playroom, children's

                           adventure playground, toy library, toddler's 

                           playroom, fitness centre/aerobics room, 

                           bowling alley, billiard room, squash courts, 

                           indoor multi-purpose sports hall, jacuzzi, 

                           sauna room, steam room, simulated golf 

                           room, vacation lounge and internet room



Sales Agent             :  Swire Properties Real Estate Agency Limited

Ocean Shores Phase 1 Public Sale
Fact Sheet

___________________________________________________________________________



Number of units for sale    :  32 units 

Unit location		    :  5/F and 10/F in Towers 2 and 3 

Prices (psf)		    :  $3,268 (average) 

Lowest price		    :  $1,638,000 

Show flat		    :  From 20 February 2000, 10:00 am to 8:00 pm

			       daily at Festival Walk and Cityplaza Four 

Ballot registration	    :  28 February 2000 to 1 March 2000 

Ballot results announcement :  3 March 2000

Flat selection		    :  4 March 2000 

Reservation fee		    :  HK$98,000 (by cashier order made payable to

			       "Johnson, Stokes & Master") 

Initial deposit		    :  5% of the purchase price