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Jul
17
2018

CROWN GROUP’S NEXT PROJECT WILL BE A VIBRANT NEW COMMUNITY IN SYDNEY

(Sydney, Australia) Tuesday July 17, 2018 – Leading Australian property developer Crown Group has announced three of the four buildings at its new project Waterfall by Crown Group will be completed in 2019 and the first residents will move in to the new community next year.

Located in Waterloo and comprising 331 luxury apartments across four buildings with a mix of restaurants, cafes and shops, Waterfall by Crown Group is set to become a vibrant and diverse community in Sydney’s inner suburbs.

The innovative new development includes a 20-storey tower designed by award-winning Sydney-based architects SJB, featuring an Infinity rooftop pool with a sky garden and terrace, a recreational deck, a secluded bamboo-covered walkway, state-of-the-art cantilevered gym, a rooftop garden, a rooftop cinema, function room with a catering kitchen and music room with grand piano.

“We are so proud to bring Waterfall by Crown Group to Sydney,” said Crown Group Chairman and Group CEO Iwan Sunito.

“With Waterfall by Crown Group, we are creating a new urban hub; a unique community where people can meet, connect, learn, relax and play together, enjoying an enriched community life in this growing suburb,” he added.

Sydney’s new “hotspot”, Waterloo is undergoing rapid population growth and seeing increased government investment in infrastructure, including the new underground Waterloo Metro Station scheduled to open in 2024.

According to Australian Bureau of Statistics, Waterloo’s current population of 14,616 is predominantly of working age; 64.5 percent aged between 20-49 years old and 54 percent defined as working as professionals or managers. The total population of Waterloo has increased 37 percent in the past five years.

Mr Sunito said Waterloo’s proximity to the city offers future residents great convenience while a culturally diverse community provides locals with access to a rich community life.

Waterfall by Crown Group will be located at 18 O’Dea Avenue Waterloo, four kilometres from Sydney’s Central Business District.

“The NSW government is paving the way for new homes, shops, major transport services, community facilities, parks, and open spaces in this upcoming precinct over the next 20 years,” said Mr Sunito.

“With dramatic changes to infrastructure Waterloo has become one of the most sought-after suburbs for first home buyers and investors,” he added.

Above the new metro station, an area to be known as “The Waterloo Metro Quarter” bounded by Botany Road and Cope, Raglan and Wellington streets, has been integrated into the approved Metro station design.

Located just 1 km from the site of Waterfall by Crown Group, the innovative Green Square Library is due to open to public in August 2018, featuring underground library facilities and an above-ground public plaza.

Within the Green Square Town Centre, the Gunyama Park Aquatic and Recreation Centre featuring an aquatic centre, multipurpose sports field and landscaped areas, is due for completion in early 2020, while a range of community and cultural buildings and parks are under-construction nearby.

The up-and-coming suburb has experienced considerable growth in property values evidenced by the median sales price for two-bedroom units, which has increased 7.6 percent annually in the past five years, according to recent RP Data.

The average annual rental yield in Waterloo in June 2018 was 4.4 percent, higher than some nearby suburbs with average annual rental yields of 3.7 percent, according to RP Data.

A premium range of Waterfall by Crown Group apartments is now available for sale ranging from $699,000 to $1,881,000.

For more information, please visit www.crowngroup.com.au/waterfall or call 1800 001 880.

ENDS

Media Interviews

Crown Group Chairman and Group CEO Iwan Sunito is available for a limited number of interviews on request.

Editor’s Note

Images and video are available upon request including artist impressions, photographs of display apartments 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

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.

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 the 28-storey V by Crown Group in Parramatta. Today, Crown Group boasts a large portfolio of projects under development and in the pipeline and is currently developing four major projects; Infinity by Crown Group in Green Square, a 25-storey residential tower Arc by Crown Group in the heart of Sydney, Waterfall by Crown Group in Waterloo and Eastlakes Live in Sydney’s Eastern Suburbs.

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.

Skye Hotel Suites

Crown Group launched its first Skye Hotel Suites in Parramatta in August 2017 with a second hotel to open in Sydney’s CBD in 2018.

www.crowngroup.com.au

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