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Feb
26
2020

CHINESE INTEREST IN SYDNEY PROPERTY RISES

CROWN GROUP CLOSES 13 MILLION SALES IN FEBRUARY

26 FEBRUARY 2020 Crown Group has enjoyed a strong boost in sales during the first three weeks of February. Chinese buyers showed strong interest in Sydney property and purchased Crown Group apartments with a total value over $13 million.

Infinity by Crown Group at Zetland, completed late last year, sold $10 million worth of apartments to Chinese buyers. Among which, an Infinity penthouse which was exchanged within 6 hours, recorded the highest sales price of $4.115 million in Zetland area. The newly completed Waterfall and Mastery by Crown Group (completion due in 2021), both located at the up-and-coming suburb of Waterloo, sold a total value of $3 million worth of apartments to Chinese buyers.

Crown Group Director of Sales Prisca Edwards said the sales team had seen a noticeable increase in Chinese buyers’ interest in Sydney property since the end of last year, which had led to successful sales results.

“We see the demand is still there,” she said. “Chinese are after quality developments in Sydney, where they can enjoy a hassle-free apartment living with five-star resort-style amenities.

“Our Chinese buyers are buying for the future, for themselves or their family. They see property as the preferred investment option. Some are after property ownership as a status symbol. For them, Australia is an obvious choice because it is the closest western country to Asia, with excellent weather, a comprehensive healthcare system, a relatively stable political environment and the same time zone. We expect to see many more sales in the next few weeks.”

Crown Group is renowned for premium apartment developments that have set new design benchmarks in the world. The leading Australian developer now has four Sydney developments for sale, all located in prime locations, close to main train stations and top universities.

Infinity by Crown Group, Zetland (completed in 2019) 

Infinity by Crown Group , which was completed last year, offers buyers a luxury urban resort lifestyle close to the heart of the city, with its direct access to Green Square train station, which is just one train stop from the city and 10 minutes’ drive from the airport.

Designed by Koichi Takada Architects, the landmark development was named one of the world’s best projects at the Property Council of Australia’s Annual Property Congress in 2017. It has 329 luxury apartments and a new retail and dining precinct, Infinity Square, at ground level, as well as a 90 key SKYE Suites boutique hotel opening later this year.

Residents have access to Crown Group’s signature resort-style facilities including an open-air pool, rooftop gardens, a sky lounge, a spa, gym, a music room with a baby-grand piano and a private cinema.

Mastery by Crown Group, Waterloo (under construction)

Being developed in conjunction with Mitsubishi Estate Asia, Mastery by Crown Group is a $500 million development that will comprise 368 luxury apartments across five distinctive buildings designed by three different architects, with a Japanese aesthetic and design scheme.

The tallest, at 20-storeys, is designed by world-renowned Japanese architect Kengo Kuma, and features lush, timber-clad innovative design on the building’s green exterior emulating a ‘stacked forest’. Three further towers are the work of award-winning architect Koichi Takada Architects, while the fifth residential building is designed by established Sydney based architects Silvester Fuller.

Designed by world-renowned architect Koichi Takada Architects, apartment interiors feature modern and sophisticated materials and warm timber tones, inspired by the Japanese notion of the interplay of light (hikari) and shadow (kage).

Only 4km from Sydney’s centre, its first building is due for completion in 2021 and will feature an infinity-edge rooftop pool, gym, spa, mini-cinema, community room and a ground-floor retail precinct comprising a mix of restaurants, cafes and shops, as well as Sydney’s first Japanese Eat Street.

Waterfall by Crown Group, Waterloo (completed in 2019/2020)

Inspired by cascading water and tropical rainforests, the design is the work of award-winning SJB Architects and leads an innovative greenery revolution in the heart of Waterloo.

The $395-million development offers luxurious residences in three seven-storey buildings and a 20-storey sculptural tower. There’s also a mix of studios, one, two and three bedroom apartments, courtyard apartments and double-storey penthouses for sale. Apartment interiors offer fresh, modern finishes in stone and timber with subtle hues.

Crown Group’s signature resort-style facilities include an infinity rooftop pool and terrace, a cantilevered gym, rooftop cinema, function room with catering kitchen and a music room with a grand piano.

Eastlakes Live by Crown Group, Eastlakes (under construction)

Eastlakes Live by Crown Group is a luxury development surrounded by five golf courses within a 9km radius, yet just 4km to the city and 15-minutes’ drive to Coogee Beach. The $1 billion development is Crown Group’s largest undertaking and will be creating residence situated atop the developer’s first shopping center, Eastlakes Shopping Centre.

Designed by internationally acclaimed architects Francis-Jones Morehen Thorp (fjmt), tse new Eastlakes Live precinct will offer more than 500 luxury apartments and Crown Group’s signature resort-style health and fitness facilities including a pool, a gym, a rooftop lounge, barbeque facilities, a function room and landscaped gardens.

Construction began in October 2018 on stage one and is expected to be completed in early 2021, comprising 133 spacious apartments across three buildings, as well as a retail zone with an ALDI supermarket, proposed Woolworths Metro and 10 specialty stores. Stage two will offer a new shopping centre that opens to the park and a dedicated eat street.

For more information on apartments for sale visit https://www.crowngroup.com.au.

 

Media Interviews

Crown Group Director of Sales Prisca Edwards is available for interviews on request.

Images & video

https://www.dropbox.com/sh/qy3xz5i26a4v8es/AAApN37e4RmgvbngT8uSR38Oa?dl=0

 

Media Enquiries

Natasha Granath, PR & Communications Manager at Crown Group

(02) 8904 7051

natashagranath@crowngroup.com.au

Lina Guo, Communications Executive at Crown Group

(02) 9925 0088 or 0429 459 510

linaguo@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.

Crown Group has successfully completed major developments in Sydney’s premier locations including Bondi, Bondi Junction, Parramatta, Ashfield, Epping, Homebush, Newington, Pennant Hills and Rhodes and most recently the 25-storey Arc by Crown Group in Sydney CBD and 2017 Property Council of Australia’s Annual Property Congress’ one of the World’s Best Projects Infinity by Crown Group in Green Square.

Today, Crown Group boasts a portfolio of six major projects under development and in the pipeline. It is currently developing three major projects in the Sydney area: the $500 million five tower precinct Mastery by Crown Group in Waterloo being developed with Mitsubishi Estate Asia; Waterfall by Crown Group in Waterloo; and Eastlakes Live by Crown Group the most exciting new address in the Eastern Suburbs.

www.crowngroup.com.au

 

Awards

Crown Group has been awarded more than 30 high-profile industry awards including 2019 Master Builders Association (MBA) NSW Excellence in Construction Awards Best Use of Steel, Best Use of Brick and Best Mixed-Use Development; 2019 Architecture MasterPrize in Mixed Use; 2019 Architizer A+Awards Jury Vote and Popular Choice Awards; 2019 HIA–CSR Australian Housing Awards Best Apartment Complex; 2019 MBA Best Commercial Pool and Best Commercial Spa; 2019 Urban Development Institute of Australia (UDIA) NSW Awards for Excellence in High-Density Development; 2018 Property Guru Best Condo Development and 2015 International Property Awards Best Residential Development Australia, for Arc by Crown Group; 2019 Urban Developer Awards Excellence in Marketing for Mastery by Crown Group; 2019 UDIA NSW Awards for Excellence commendations for Arc and Mastery by Crown Group; 2019 International Property Awards Winner Development Marketing Australia for Eastlakes Live by Crown Group; 2018 UDIA NSW Best Mixed-Use Development and 2016 International Property Awards Best Residential High Rise Architecture Australia for V by Crown Group Parramatta; 2017 Property Council of Australia’s Annual Property Congress’ one of the World’s Best Projects for Infinity by Crown Group; 2017 Master Builders Association NSW Excellence in Construction Awards for Skye by Crown Group; 2015 MBA NSW Excellence in Construction Awards for Viking by Crown Group Waterloo and 2014 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.

www.crowngroup.com.au/industry-recognition/

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