The Urban Developer
21 November 2018
Designed by Koichi Takada Architects, Sydney-based developer Crown Group’s latest project “Mastery” in Sydney’s Waterloo has been launched over the weekend.
The developer said it remains confident for the demand of high-quality offerings within struggling market conditions.
Crown Group sold $40 million worth of apartments in the project’s first stage, with locals snapping up the majority of apartment offerings.
A total of 70 residences were offered for sale over the weekend, although the developer has not yet confirmed how many buyers have made purchases.
Crown Group said a global launch of Mastery will next take place in Jakarta, Surabaya, Shanghai, Hongkong, followed by Singapore and Tokyo, with plans for international buyers to purchase the first stage apartments.
More than 140 people attended the launch which the developer described as “a true mix of both investors and owner-occupiers” ranging from “first home buyers and young professionals to downsizing couples and young families.”
Crown Group chairman Iwan Sunito said he remains confident in Sydney’s property market despite headwinds in the sector.
“The success of Mastery by Crown Group’s sales launch is evidence of the strong demand for high-quality apartments in the right location, and affirms the appeal of Waterloo as an up-and-coming area just five kilometers from the CBD,” Sunito said.
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