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04 May 2023
Swire Properties Sells EIGHT STAR STREET Simplex at a Premium

Over 80% of the apartments have now been sold, with only six apartments remaining

Swire Properties announced today that it has sold unit 21A of EIGHT STAR STREET by tender, for HKD43.5 million or HKD47,645 per sq ft, achieving the second highest transaction for the development since it was launched in March 2021. Previous notable purchases of units with the same 3- bedroom en-suite layout include: unit 20A (sold by tender) for HKD48.5M or HKD53,211 per sq ft, in June 2021; and unit 19A (sold by tender) for HKD42.5M or HKD46,550 per sq ft in March 2021.

EIGHT STAR STREET is situated in the heart of the Starstreet Precinct - a vibrant community that comprises arts, culture, entertainment, retail and F&B offerings; with Pacific Place and the Admiralty MTR Super Interchange Station just a few minutes' walk away.

Adrian To, Director, Residential at Swire Properties, said, "The sale of unit 21A reaffirms buyers' confidence in the Swire Properties brand, and supports the strong demand for high-quality, well-designed residential properties that attract investors and homeowners alike.

"This is a very exciting time for us as the greater Pacific Place portfolio expands. Six Pacific Place, which is opposite to Three Pacific Place and a stone's throw from EIGHT STAR STREET, will be completed by the end of this year and will drive more demand for uncompromising luxury residential buildings in the 'New Central' area that's forming around Admiralty."

Completed in 2022 and available for immediate occupancy, 31 units out of 37 have been snapped up to date. The six remaining apartments include two duplexes - Unit 23A and Unit 23B with saleable areas of 1,198 sq ft and 980 sq ft respectively. These special homes will be placed on the market soon. The on-site show flat, unit 22A, is available for viewing by appointment only from 11 am to 7 pm daily.

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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 Outlets. The Company's completed portfolio in Hong Kong comprises approximately 16.6 million sq ft (approximately 1.54 million sqm) of space.

In the Chinese Mainland, Swire Properties has six completed mixed-use developments in Beijing, Shanghai, Guangzhou and Chengdu. They include Taikoo Li Sanlitun and INDIGO in Beijing, HKRI Taikoo Hui and Taikoo Li Qiantan in Shanghai, Taikoo Hui Guangzhou and Sino-Ocean Taikoo Li Chengdu. INDIGO II in Beijing, Taikoo Li Xi'an and a new retail-led project in Sanya are currently under development. The Company's completed portfolio in the Chinese Mainland comprises approximately 13.9 million sq ft (approximately 1.3 million sqm) of space.

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

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