Sydney project sets new sales record

Romesh NavaratnarajahSeptember 2, 2015

Infinity by Crown (small)

An apartment building which forms part of a A$575 million mixed-use development in Sydney has set a new sales record, after more than A$380 million worth of units were snapped up on the first day of launch.

By the close of business last Saturday, only two of the total 326 apartments remained at Infinity by Crown Group.

Crown Group said more than 70 percent of homes were sold to Australian residents and citizens, with prices starting from A$650,000.

The buyers were a mix of investors and owner-occupiers, noted Roy Marcellus, Director of Sales and Marketing.

“This is evidence of the strong demand for high-quality apartments in the right location,” said Crown Group CEO Iwan Sunito. Located within the new Green Square Town Centre, the project is close to a train station.

Sunito added that the building’s architecture, with a looped shape and an 1,180 sqm open-air garden plaza surrounded by retail outlets, restaurants and cafes, “has captured the imagination of Sydney and global investors alike”.

In July, the building’s design was unveiled to more than 1,500 guests at a Sydney red carpet event.

Meanwhile, construction work is expected to be completed in 2019.

 

Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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