Crown secures Top Ryde City Living sellout

The Sydney-based Crown Group has sold the final apartment in its seven-tower 653-apartment development - Top Ryde City Living.

It was a one bedroom apartment.

More than 600 residents now occupy the resort-style development, positioned on the vantage point above Top Ryde City Shopping Centre with views to the Sydney Harbour Bridge, Blue Mountains and North Shore.

Crown Group Chief Executive Officer Iwan Sunito said the sale of the final apartment at Top Ryde City Living was an important milestone for Crown Group.

“For a development of this scale to sell out so shortly after completion is a testament to the high quality and luxury appeal we have worked to deliver,” he said.

Completed in August 2014, Sunito said Top Ryde City Living’s owners whom purchased early had experienced a "significant increase" in the value of their apartments.

One bedroom apartments initially sold for about $350,000 when Top Ryde City Living’s first apartments were offered for sale in 2011, while a one bedroom plus study apartment sold this month for $754,000.

Crown Group’s director of sales and marketing Adam Sparkes said Top Ryde City Living’s success came after a quick response to new apartments at every new release over the three-year timeframe given access to transport links, education, workplace hubs and retail.

Top Ryde City Living has been recognised by some of the most sought-after awards in the industry, most recently being named winner of best Outdoor Project at the 2014 HIA-CSR NSW Housing and Kitchen & Bathroom Awards.

Its other accolades include 2013 Urban Development Institute of Australia (UDIA) High Density Development Award, 2013 UDIA NSW President’s award and Master Builders Association Excellence in Housing award 2013.

The final stage of Top Ryde City Living, named Viva by Crown was launched for sale in August 2013.

Top Ryde City Living began construction of its seven towers in late 2010.