South East Asian buyers, especially Singaporean investors, eagerly bought up 32 apartments at a landmark Sydney building during recent launch events in Singapore and Jakarta.
According to developer Crown Group, sales in both cities for Sydney by Crown amounted to more than AUD$40 million.
Prices of apartments sold started from AUD$826,650 for a one-bedroom suite.
So far, 95 percent of units at the luxury project have been taken up, a record result for the company.
Responding, Crown Group’s CEO Iwan Sunito said the successful launch showed there is growing demand for high-end property in Sydney.
“We received thousands of enquiries from around the world prior to launch and this result reflects the strong appetite for high-end quality apartments built by developers with a good track record in Sydney,” he shared.
The tower is conveniently located in the heart of the city and is within walking distance to Darling Harbour, Wynyard railway station and the new Sydney Convention and Exhibition Centre.
Construction work on the AUD$250 million residential development starts early next year and is set to complete in 2017.
Image: Sydney by Crown perspective. (Photo by Crown Group)
Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
