Sydney apartment demand sky-high

1 Nov 2013

The remaining apartments at Crown Group’s US$200 million (S$247.88 million) luxury residential project in North Sydney are being launched for sale, and the units will be available exclusively to buyers in Singapore and Hong Kong.

Crown Group is partnering with CBRE to showcase the 232-unit Skye by Crown at Mandarin Oriental in Hong Kong from 2 to 3 November, while some units will be released in Sydney at the same time. Prices start from AU$595,000 (S$699,800).

This follows the success of the project’s initial launch in Hong Kong and Singapore in June, where 90 percent of the units were sold in just one day, with all three penthouses taken up during the first week. In total, US$100 million (S$123.94 million) worth of apartments were sold worldwide within a week of the launch in June.  

Adam Sparkes, Director of Sales and Markerting at Crown Group, said: “Residents of Hong Kong and Singapore are among the savviest investors in the world. They want to buy in areas that are strengthening, areas that are underpinned by employment, transport, shopping and education, with genuine faith in the product they’re buying into.”

Skye by Crown is located close to major employment hubs and shops in North Sydney.

The apartments available include one-bedroom suites and one-bedroom-plus-study apartments, as well as a limited number of upper-level, two-bedroom units.  

Designed by Japanese-Australian architect Koichi Takada, the project has a top-floor gym, conference facilities and a rooftop infinity-edge pool. The building also offers panoramic views of North Sydney and the central business district.

Image: Artist’s impression of an apartment at Skye by Crown.

 

Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email nikki@propertyguru.com.sg

 

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