PRESS BLOG BANNERS_Media Release Banner


(Sydney, Australia) Wednesday May 30, 2018 – Leading Australian property developer Crown Group has set a new sales record for its luxury top-floor penthouse in Waterfall by Crown Group.

The three-bedroom apartment located in the award-winning Waterfall by Crown Group development broke the previous Waterloo and Zetland suburb apartment price records when it sold for $4.5 million.

The apartment broke the record as the highest price for residential apartment in Waterloo, Green Square and Zetland previously held by a three-bedroom penthouse at Infinity by Crown Group which was sold for $3,598,650 last year.

Set to revolutionize the use of green space in Australian residential developments, the $395 million Waterfall by Crown Group features Australia’s tallest man-made waterfall.

Director of Project Sales, Prisca Edwards said the Waterfall by Crown Group penthouse allowed the purchasers to own a prestigious home in the city’s most natural address.

“The sales advice was issued, and the contract was exchanged in less than 24 hours. The rapid sale of the penthouse reflects the strong demand for luxury apartments in Sydney’s property market.”

Designed by award-winning architects SJB, Waterfall by Crown Group will comprise three seven-storey buildings and an iconic 20-storey sculptural tower overlooking lush, tropical landscaping and a beautiful water garden. Public art is a key element within the development: Mika Utzon Popov, grandson of Sydney Opera House architect Jørn Utzon, is creating a large-scale artwork integrated in the design.

Waterfall by Crown Group offers a collection of 331 luxury apartments including studios, one, two and three-bedroom apartments, courtyard apartments and double-storey penthouses. The interiors offer fresh, natural modern luxury, utilising stone, timber and subtle hues.

“This record-breaking penthouse sale demonstrates there is always an appetite for luxury apartment living built by reputable developers with premium quality,” Mrs. Edwards said.

Located on level 22 and 23, the oversized three-bedroom super penthouse totaling 303 sqm with 173 sqm internal and 130 sqm outdoor area features luxuriously designed apartment, unrivaled resort-style amenities and a spectacular rooftop terrace with panoramic views of Sydney’s CBD.

“The penthouse is the perfect balance of nature and beauty. Boasting bright, naturally-lit living spaces and lavish interior finishes, the penthouse appealed to those particular purchasers who wanted a low-maintenance home in Sydney’s upcoming Waterloo area without compromising on lifestyle,” she added.

Crown Group recently announced its next development Eastlakes Live by Crown Group, located 6km from Sydney CBD, will be launched for sale this Saturday 2nd June.

As Crown Group’s largest and most ambitious development to date, the $1 billion development Eastlakes Live by Crown Group is set to be the new east of Sydney and the vision of future living, revitalizing the new Eastlakes town centre.

Stage one of Eastlakes Live will include 134 luxury apartments ranging from one-bedroom apartments to penthouses and 12 retail outlets below, and expected construction completion in 2021. Stage two will complete the new town centre with a mix of residential and retail components, with details still to come.

Sales for stage one will begin on Saturday 2nd June 2018 with expected construction completion in 2021. Crown Group is now accepting expressions of interest from prospective buyers.

The display centre is now open daily from 10am to 4pm, located at 19a Evans Avenue, Eastlakes.

For more information, please visit or call 1800 853 162.


Media Interviews

Crown Group Director of Project Sales, Prisca Edwards is available for a limited number of interviews on request.

Editor’s Note

Images and animation are available to download here:

Media Enquiries:

Lina Guo, Communications Executive at Crown Group

(02) 9925 0088 or 0429 459 510

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.


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 mid-2018.

Future launches

Crown Group will launch Eastlakes Live by Crown Group, a new project in Sydney’s Eastern Suburbs on 2 June 2018.

Download the original article Facebooktwitterredditpinterestlinkedinmail