Sun Hung Kai Properties : SHKP Brand New Stylish Residence in Mid-levels West Officially Named “Babington Hill” Superior location perched over Island West surrounded by prestigious schools

Press Release

The development is located at Babington Path in Mid-levels West, neighbouring the residence of the president of The University of Hong Kong. The development is a masterpiece of years of planning and meticulous design with a limited supply of 79 premium residential units that offer high privacy in a low density verdant environment. The apartment units come in diverse layouts from two to four bedrooms, including 9 special units with flat roof and/or roof. The development also offers a private clubhouse with leisure facilities, including a gym room and an outdoor swimming pool where residents can enjoy a leisurely time in a relaxing environment.

"Babington Hill" is destined to become a residence for elites in Island West as it is located near The University of Hong Kong and enjoys a renowned school net. The development's privileged location is within POA School Net Number 11 and the Central and Western District secondary school net, which includes prestigious colleges such as St. Paul's College, St. Stephen's Girls' College, St. Joseph's College, and other outstanding schools that offer the perfect environment for learning and personal growth. Furthermore, the location of "Babington Hill" is a quiet area in

a convenient location with easy access to various kinds of transport that bring residents to various districts. The development is near Sai Ying Pun and HKU MTR Stations, and from Sai Ying Pun Station, it only takes about 5 minutes* to reach Central, which is two stations away on West Island Line. Travelling to Kowloon Station only takes about 15 minutes*, allowing residents to travel between Central and West Kowloon with ease.

"Babington Hill" also neighbours the Lung Fu Shan Hiking Trail next to The University of Hong Kong, to stroll along the quiet green path and immerse themselves into a refreshing natural environment. The peak of Lung Fu Shan overlooks the charming Victoria Harbour in the distant, which echoes with the development's tranquil environment and privileged location in Mid-levels West.

Furthermore, Island West gathers a diversity of great cuisines and delicacies, a large number of unique restaurants, cafés, bars, galleries, and other lifestyle concept stores are opening in Island West, creating a sophisticated community with an overwhelming artistic atmosphere. Island West has transformed from a traditional area with a rich cultural history to an upbeat area for tasteful lifestyle. The estimated material date for the development is 31 July 2017 with a relatively short pre-sale period. The development is expected to attract various types of buyers, including professionals, branch families, long-term investors and buyers in pursuit of a unique and refined lifestyle.

*Estimated travel time from Sai Ying Pun to Central Station and Kowloon Station. Data obtained from the website of MTR Corporation Limited (http://www.mtr.com.hk).

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District: Mid-levels West

Name of the street and the street number: 23 Babington Path#

The website address designated by the vendor for the development: www.babingtonhill.com.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.

Vendor: Well Success Capital Investment Limited, Art Faith Corporation Limited, Come City Limited

Holding companies of the vendor: Sharberg Holdings Limited, Phoenix Power Holdings Limited, Assets Garden Holdings Limited, Sun Hung Kai Properties Limited, New World Development Company Limited

Authorized person: Lee Kar Yan Douglas

The firm or corporation of which the authorized person is a proprietor, director or employee in his or her professional capacity: Andrew Lee King Fun & Associates Architects Limited

Building contractor: Teamfield Building Contractors Limited

Solicitors for the vendor: Mayer Brown JSM

Authorized institution that has made a loan, or has undertaken to provide finance, for the construction of the development: Not applicable

Any other person who has made a loan for the construction of the development: Sun Hung Kai Properties Holding Investment Limited, New World Development Company Limited

The estimated material date for the development to the best of the vendor's knowledge: 31 July 2017.

("Material date" means the date on which the Development is completed in all respects in compliance with the approved building plans. 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 development. This advertisement is published by the vendor or by another person with the consent of the vendor.

#The provisional street number is subject to confirmation when the Development is completed.

Date of Printing: 24 August 2016