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Sep
25
2018

MASTERY BY CROWN GROUP BRINGS A GREEN URBAN COMMUNITY TO WATERLOO

(Sydney, Australia) Tuesday September 25, 2018 – Leading Australian property developer Crown Group has brought its latest development Mastery by Crown Group to Waterloo, creating a green urban community in this up-and-coming precinct.

Located in Waterloo, Mastery by Crown Group includes a 20-storey tower designed by Japanese architect Kengo Kuma, featuring a cantilevered infinity-edge rooftop pool, gym and community room with a plant-filled, green exterior designed to emulate a stacked forest; plus three buildings designed exclusively by Koichi Takada Architects and a building designed by Sydney-based architects Silvester Fuller.

Comprising 374 luxury apartments and a mix of restaurants, cafes and shops across five buildings, the creative and innovative development is set to become a green urban community in Sydney’s inner suburb.

“We are so proud to bring Mastery by Crown Group to this up-and-coming precinct,” said Crown Group Chairman and Group CEO Iwan Sunito.

“We are using urban forest elements in our highly-anticipated development in Waterloo, at the heart of the Sydney CBD,” Mr. Sunito said. “The concept of vertical urban forest will give Waterloo a whole new image,”

“With Mastery by Crown Group, we are creating a unique urban hub; a new green 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.

Mastery by Crown Group will be located at 48 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 1km from the site of Mastery by Crown Group, the innovative Green Square Library is now open to public Monday to Saturday, 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.

Crown Group are now accepting expressions of interest, with the display centre opening soon. The grand launch day will be held on Saturday 17th November.

Construction is scheduled for completion in 2021. For information or to register your interest please visit www.crowngoup.com.au/mastery.

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:

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 October 2018.

Future launches

Crown Group will launch its next project Mastery by Crown Group in November 2018.

www.crowngroup.com.au

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