Second off-the-plan stage of Crown's Top Ryde project almost sold out

Second off-the-plan stage of Crown's Top Ryde project almost sold out
Jonathan ChancellorFebruary 7, 2012

The second off-the-plan marketing campaign of apartments in the Crown Group’s Top Ryde City Living development is a near sell-out.

The recent pre-sales have accounted for almost all of the 81 apartments up for sale since September.

 

Apartments ranged in price from $500,000 for a one-bedroom apartment plus study with a car space to $1.6 million for a three-bedroom penthouse with study, two car spaces and city views.

It followed the earlier successful marketing campaign when 183 apartments were put up for sale in the first stage of the release.

The Crown Group chief Iwan Sunito believes the pre-sales were achieved due to the prime location – 12 kilometres north west of the Sydney CBD, near major employment and education facilities.

On completion the $500 million complex will consist of 502 apartments across five towers above the shopping centre.

The sales have been across three towers. Registration for sales for apartments in the fourth tower are currently being taken, says Roy Marcellus, the head of sales and marketing for Top Ryde City Living.

“The majority of buyers at Top Ryde City Living are owner-occupiers,” Sunito advises.

“The level of design and amenity is meeting a high level of expectation amongst the downsizer, empty-nester or first-home buyer markets.”

Crown International Holdings Group (Crown Group) was co-founded by Iwan Sunito and Paul Sathio in 1996.

The privately owned company currently has over $2 billion worth of developments in the pipeline.

Crown Group is actively searching for new development opportunities and strategic acquisitions.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

First look: BPG Developments return to Palm Beach new apartment market
Why the value proposition of Marrickville's Wick Place apartments will be hard to repeat
Three new parks to bring more nature to Melrose Park
Golden Sedayu establishes Golden Sedayu Construction to deliver landmark Burswood Point masterplan
Parkside living in Parramatta: Cosmopolitan by Deicorp to offer parkside apartments in Sydney's second CBD