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Apr
4
2017

GREEN SQUARE PENTHOUSE SMASHES SUBURB PRICE RECORD

(Sydney, Australia) Tuesday April 4, 2017 – A luxury top-floor penthouse has set a new property record for Green Square.

The three-bedroom apartment located in the award-winning Infinity by Crown Group development broke the previous Zetland and Waterloo suburb apartment price records this month when it sold for $3 598 650.

According to RP data records, the apartment broke the record as the highest price for residential apartment in Zetland, Green Square and Waterloo previously held by a three-bedroom penthouse at 8 Sam Sing Waterloo.

The recent sale marks the final sale at the 401-apartment development which is now sold out.

Set to become one of Green Square’s most recognised structures, the 20-storey building will feature an infinity-edge pool, spa, gym, music room, media theatre, a roof-top terrace, 30 retail outlets, restaurants and cafés; plus a conference centre to hold 450 people.

Crown Group recorded $380 million dollars in sales in one day when it launched the project in 2015.

Crown Group Global Head of Sales and Marketing Julian Sedgwick said the Infinity by Crown Group penthouse allowed buyers to own a prestigious home in the city’s next architectural centrepiece.

Designed by Koichi Takada Architects, the building will features a tiered apartment structure– complete with cascading external gardens to will provide year-round daylight to south-facing apartments; while apartments on the northern-side will capture northern views and light from the north.

“The penthouses at Infinity by Crown Group represented a chance for buyers to secure a top-tier, luxury retreat with stunning views of Sydney’s CBD,” he said.

“This is a sign of strength within Sydney’s prestige property bastions,”

The 150sqm three-bedroom penthouse features custom-made, floor-to-ceiling glass windows and a spectacular rooftop terrace with panoramic views of Sydney’s CBD.

Boasting bright, naturally-lit living spaces and lavish interior finishes, the luxury penthouse will lead the way with technology inclusions geared for entertainment such as multimedia touch-controlled home automation systems.

Crown Group Sales and Marketing Director Roy Marcellus said “This penthouse at Infinity by Crown Group will be arguably Green Square’s most outstanding apartment showcasing all the benefits of luxury living in Sydney.”

“This record-breaking sale reflects customers’ awareness of the premium quality and exclusivity of Crown Group’s apartments,” he added.

“The sale of this penthouses is proof that Sydney’s luxury market is alive and well,” he said.

Crown Group has sold all four level-27 penthouse apartments in its $250-million Arc by Crown Group, now under-construction in Sydney’s CBD.

Awarded the 2014 Urban Development Institute of Australia (UDIA) NSW Concept Design award, Infinity by Crown Group will be distinguished by its unique looped shape and a large void in its north-facing façade, allowing natural light to penetrate a 1180-sqm central landscaped plaza.

The $575-million development is located on the corner of Bourke Street and Botany Road and scheduled for completion in 2019.

Crown Group recently announced its next project Waterfall by Crown Group, located less than 1km from the now sold-out Green Square development, will be launched for sale in June this year.

Waterfall by Crown Group is set to revolutionize the use of green space and nature in residential apartments.

For more information about the project please visit www.waterfallbycrowngroup.com.au.

 

ENDS

 

Media Interviews

Crown Group Global Head of Sales and Marketing Julian Sedgwick and Crown Group Sales and Marketing Director Roy Marcellus is available for a limited number of interviews on request.

 

Editor’s Note

RP Data search conducted for prior three years.

Images and video are available upon request including artist impressions, launch videos and computer-animated ‘fly-through’ footage of selected Crown Group developments.

 

Media Enquiries:

Kate Prideaux, General Manager of Communications & Public Relations

(02) 9925 0088 or 0401 863 436

kateprideaux@crowngroup.com.au

 

Serena Zhu, Communications Executive

(02) 8904 7042 or 0429 459 510

serenazhu@crowngroup.com.au

 

About Crown Group

Crown Group Holdings (Crown Group) is a leading Australian property group specialising in property development, property investment and serviced apartments.

The company was co-founded by architect Mr Iwan Sunito and engineer Mr. Paul Sathio with its first project in 1996.

Iwan Sunito graduated with Bachelor of Architecture (Hons) and Master of Construction Management from University of NSW. In 1993 Iwan became a Registered Architect in NSW and was awarded the UNSW Eric Daniels award for excellence in residential design.

In recent years Iwan received a number of awards including Indonesia’s Property & Bank Magazine Golden Leadership Award 2013, the 2013 Congress of Indonesian Diaspora Entrepreneur award and named a winner in the 2013 Ernst & Young Entrepreneur of the Year Awards. Iwan Sunito was also named Urban Taskforce Australia’s 2015 Property Person of the Year

Paul Sathio graduated with a Bachelor degree in Civil Engineering from University of Technology Sydney (UTS) and a Masters of Engineering Science from University of NSW. Paul has more than two decades’ experience in the construction and development industry.

 
Past and recent projects

Since the company was founded in 1996, Crown Group has successfully completed major developments in Sydney’s best locations including Bondi, Bondi Junction, Parramatta, Ashfield, Epping, Homebush, Newington, Pennant Hills and Rhodes and most recently Viking by Crown, a 10-storey residential complex in Waterloo.

Today, Crown Group boasts a large portfolio of projects under development and in the pipeline and is currently developing five major projects; Infinity by Crown Group in Green Square, the 28-storey V by Crown Group in Parramatta, 20-storey Skye by Crown Group in North Sydney, the popular inner-west development Oasis by Crown Group and a 22-storey residential tower Arc by Crown Group in the heart of Sydney’s CBD.

 

Awards

Crown Group has been awarded more than 20 high-profile industry awards including the 2016 International Property Awards Best Residential High Rise Architecture Australia for V by Crown Group Parramatta, 2015 Master Builders Australia (MBA) NSW Excellence in Construction Awards for Viking by Crown Group Waterloo and 2014 Urban Development Institute of Australia (UDIA) NSW President’s award – considered one of the highest property development accolades in Australia – for the seven-tower, resort-style development Top Ryde City Living.

Top Ryde City Living was also named best High-Density Development in Australia at the UDIA awards for excellence 2014 and a Master Builders Association Excellence in Housing award 2013. Crown Group’s innovative, waterfront development Sanctum by Crown was awarded a Master Builders Association Excellence in Housing award 2012 and its hugely-successful ICON at Homebush was awarded HIA’s (Housing Industry Association) CSR Housing Awards 2007 Apartment Project of the Year.

Future launches

Crown Group will launch its exciting new project Waterfall by Crown Group in 2017.

The first Skye Hotel Suites will open in 2017.

www.crowngroup.com.au

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