Swire Properties Announces First Sale at OPUS HONG KONG

Swire Properties is pleased to announce the sale of an apartment at OPUS HONG KONG, the first residential project in Asia designed by Pritzker Prize-winning architect Frank Gehry.

The 6,755 sq ft apartment on the 8th floor of OPUS HONG KONG, also known as 傲璇, has been sold for HK$430 million. The sale follows the earlier leasing of Duplex A, one of the double-level garden apartments with a private pool and garden, which has been leased at a monthly rental of HK$850,000 for a three year term.

"These two transactions mark an important milestone for OPUS HONG KONG," said Martin Cubbon, Chief Executive of Swire Properties. "We embarked on this project with Frank Gehry with the intention of producing an exceptionally rare work of architecture; these transactions demonstrate the market's appreciation for our achievement."

Situated at 53 Stubbs Road amidst the green slopes of The Peak, OPUS HONG KONG is a 12-storey building consisting of two double-level garden apartments and ten single-level apartments ranging from 6,000 to 6,900 sq ft, each unique in design and filling an entire floor of the building. The building's unusual helical structure and exceptional location afford residents spectacular views of the city below and the surrounding landscape.

"The Chinese name for OPUS HONG KONG [傲璇 or pinyin ào xuán] translates as a beautiful and rare piece of jade," explained Adrian To, General Manager, Residential at Swire Properties. "It describes OPUS HONG KONG as an architectural gem of which we are understandably proud."

About Swire Properties

Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular focus on mixed-use development in prime locations at major mass transportation intersections. Listed on the Main Board of the Stock Exchange of Hong Kong, the Company's investment portfolio in Hong Kong totals over 17 million sq ft (over 1.58 million sqm)* of gross floor area, with Island East and Pacific Place as its core holdings. In addition to Hong Kong, the Company has significant investments in Mainland China, the United States and the United Kingdom.

In Mainland China, Swire Properties has a portfolio amounting to over 13.5 million sq ft (approximately 1.26 million sqm)*, including five mixed-use developments in Beijing, Guangzhou, Chengdu and Shanghai. Of these, Sanlitun Village and INDIGO in Beijing and TaiKoo Hui in Guangzhou have opened.

Since 1980, the Company has been developing investment and trading properties on the island of Brickell Key in downtown Miami, Florida where it has created an acclaimed residential and commercial portfolio, including the new large-scale mixed-use project, Brickell CitiCentre.

Through Swire Hotels, the Company also creates and manages intriguing urban hotels in Hong Kong, Mainland China and the United Kingdom, aimed at providing an exceptional experience for travellers who seek individuality, style and personalised service.

Visit Swire Properties' website at www.swireproperties.com.

* Gross floor area in respect of 100% of the properties excluding car park areas and not on an attributable basis.

About OPUS HONG KONG

Located at 53 Stubbs Road on The Peak, a spectacular site that has been in the Swire Group for more than 60 years, OPUS HONG KONG is a 12-storey building composed of two double-level garden apartments and ten apartments of some 6,000 - 6,900 sq ft, each unique in design and occupying an entire floor of the building.

The project is a visionary collaboration between Pritzker Prize winning architect Frank Gehry, and innovative Hong Kong developer Swire Properties, which has been appointed by Swire Pacific Limited, owner of the project, for the redevelopment as well as the leasing and management of OPUS HONG KONG.