Macau, 15 February 2011

Headland Developments announces the public launch of The Fountainside, Macau 40% of apartments sold out during VIP sales

Headland Developments Limited today announces the public launch of The Fountainside Macau, a luxury low-density residential development located in the city’s exclusive Penha Hill district. This follows strong pre-launch demand from VIP buyers.

 Situated on a prime corner location in the heart of Macau’s UNESCO World Heritage district, The Fountainside offers an elegant architectural blend of classic and contemporary design. The development consists of 42 apartments, including 34 standard units and eight special units, all with the convenience of private underground parking facilities.

The original building’s Portuguese colonial façade has been beautifully preserved and integrated into the new development. This is in keeping with the Macau Government’s strong emphasis on heritage protection and Headland Development’s specialisation in sustainable and environmental design.

The launch will commence with the release of ten well-positioned apartments priced from HK$4,000 per square foot. The units range from large studios to three bedroom apartments with sizes from 723 to over 2,000 square feet. Later this year, eight special units, including four villas, two duplexes and two sky garden units will be launched at prices that reflect their utmost quality.

John Gunning, Managing Director of Headland Developments said, “We are very excited to deliver a new benchmark in luxury low-density living to Macau. The Fountainside will offer an unrivalled standard of accommodation with a strong emphasis on high quality material selection and workmanship.

Joao Afonso, Macau Director of property investment manager Sniper Capital, which manages The Fountainside project said, “We have been highly encouraged by the interest from our VIP buyers which has to-date resulted in over 40% of the units being sold. This confirms a real and growing demand from Macau residents seeking to upgrade to high quality homes.”

The Fountainside offers a variety of layouts from studio to four-bedroom apartments with most providing either a private terrace or a garden. Bathrooms and kitchens will be fully fitted to the highest specifications with European brands.

Commenting on the development, Jones Lang LaSalle’s Managing Director and Head of Capital Markets, Hong Kong, Joseph Tsang says, “With Macau’s positive market outlook for 2011 and beyond, the project has excellent potential for value appreciation. The Fountainside will be the premiere choice for discerning home buyers given its niche positioning, distinguished location and scarcity of new developments in the vicinity.”

The sales office of The Fountainside is now available for public viewing at 14/F, World Trade Centre, 918 Avenida da Amizade, Macau. Further information about The Fountainside is available at www.fountainsidemacau.com.

The Fountainside

• Located in the prestigious Penha Hill district on Macau Peninsula
• Total 42 apartments, including 34 standard (studio to four-bedroom) units, two sky-garden apartments, two duplexes and four villas
• Unit sizes range from 576 to 3,729 square feet
• Premium European brand fittings and furnishings

A modern interpretation of prestige and heritage

• Located in UNESCO-inscribed “Historic Centre of Macao”
• Name inspired by distinctive fountain in adjacent Lilau Square, where the Portuguese first settled in Macau and which used to be the main source of spring water for the city
• The historic Portuguese colonial facade of the original building has been carefully preserved and integrated into the new development

Facilities and amenities

• 30 car parking spaces and 23 motorcycle parking spaces
• Lush landscaped gardens with water fountain
• Multi-functional clubhouse
• Landscaped rooftop garden
  

  Joao Afonso, Macau Director of property
  investment manager Sniper Capital introducing
  The Fountainside at the project showroom
  About

The facade of The Fountainside retains its original
European charm in keeping with local traditional
architecture

About Headland Developments

Headland Developments Limited is a property developer focused on the principles of best practice management in design, innovation, and quality. The Company is committed to providing superior properties that meet the demands of discerning users.

Headland Developments manages and invests in a diverse portfolio of residential and commercial projects in Hong Kong and Macau and is expanding its portfolio throughout the China and Southeast Asia region. The Headland management team is comprised of dedicated and experienced practitioners with a wealth of property development expertise.

www.headlanddevelopment.com

About Sniper Capital

The Fountainside project is asset managed by Sniper Capital Limited, a property investment manager which has established a leading presence in the Macau property market with combined assets of over US$300 million.

Established in 2004, the company utilises its extensive in-house asset management capabilities to bring highquality international standard developments to Macau.

www.snipercapital.com

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For Media Enquiries:
Tunny Chan
Meridian Concepts
Tel: 853 2871 2882
Email: exec@mcdemc.com

Jan Ng
Sniper Capital (Hong Kong) Limited
Tel: 852 2292 6730
Email: jan.ng@snipercapital.com