Swire Properties will adopt anti-speculation measures proposed by the Real Estate Developers Association when it sells the next batch of 48 flats at Island Place, North Point, next week. Yesterday it said 85 per cent of the units would be sold to individuals and the rest to company buyers. Company buyers would not be allowed to change the names of directors after their ballots were chosen. 'We will refuse ballots on which the names of the directors have been changed after registration,' Charlie Stewart-Cox, head of group public affairs, said. Swire will adopt the drop-box method of balloting, with potential buyers dropping their application forms into a ballot box at its sales office. Applicants can pick up forms at the sales office in Cityplaza 4 in Taikoo Shing on Monday and submit them two days later, so avoiding the need to queue. 'Long queues create the impression that a lot of people are going after the flats. So that indirectly attracts speculators,' Maisie Shun Wah, manager of group public affairs, said. According to property agents, as many as 60 per cent of new flats entering the market recently were snapped up by speculators. In some cases, they used shell companies to buy uncompleted flats and then sold the companies to other people who were then registered as directors of the companies. Analysts said the anti-speculation measures would be ineffective because speculators would always find ways to circumvent them. Swire said it would announce the prices for the 48 units on Monday.