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News Release

HONG KONG

Crown Group Holdings launches luxury landmark overlooking Sydney


Hong Kong, 25 APRIL 2016 - Australia's leading property developer, Crown Group Holdings, has launched V by Crown Group, a landmark development of 519 luxury apartments at Parramatta — "Sydney's dual CBD" — with sweeping views across the skyline of the state capital of New South Wales and Parramatta's Heritage Parklands.

Designed by Allen Jack+Cottier and Koichi Takada Architects, the development will provide a mix of studio, one, two and three bedroom apartments with unique features including stunning floor to ceiling windows, an external waterproof balcony, decorative sliding screen element to the bedrooms, reverse cycle air conditioning and video intercom security. Prices of the project are starting from AUS$556,000 (HKD3.32 million) for the project.

New standard for luxury

Displaying the highest standard of craftsmanship, all kitchens of the apartments feature ceramic floor tiles, stone bench tops, integrated designer appliances, soft close laminate drawers and cupboards, glass splashbacks and LED cupboard lighting. The bathrooms have recessed mirror laminate wall cabinets, stone vanity tops, lavish bathroom accessories and LED lighting.

Other luxury facilities include a fully equipped gymnasium, music rooms, conference and library facilities, landscaped resident gardens and a BBQ area, gaming room and theatre. The project is scheduled for completion in 2017.

A cultural and arts destination

V by Crown Group is only a 29-minute drive away from Sydney CBD and it is surrounded by a number of cultural, entertainment and retail attractions — such as Riverside Theatre, Olympic standard sporting venues and the Church Street Eating Hub — making it the perfect address.

Thanks to its strategic location, Parramatta has become the major travel hub for Western Sydney and is ultra-accessible by rail, bus, ferry and motorway.

Residents can look forward to the two routes of the new Western Sydney Light Rail Network, including Parramatta to Castle Hill and Parramatta to Macquarie Park that will link greater Parramatta to the key precincts of the CBD, Westmead and the University of Western Sydney at Rydalmere. In addition, a regional ring road around Parramatta and Westmead will be completed by 2021 to improve traffic flow in the region and support the continued growth of West Central Sydney.

Parramatta has joined the City of Sydney as its dual CBD with a number of urban activation programs that will drive the state economy. As the CBD of Western Sydney, Parramatta is Australia's fifth-largest city in economic terms, with a GRP of A$14 billion in 2011-12. Its GRP is forecast to rise to A$23.2 billion in 2021 and A$30.2 billion in 2031.

Mandy Wong, Head of International Residential Property Services at JLL, comments: "Parramatta is also the second-largest work destination in Sydney, employing 120,000 people — a figure that is expected to increase by over 25% by 2036.  It will provide a rich source of potential tenants and buyers in the residential market. We are optimistic on the market outlook. "

 

About Crown Group

Crown Group is Australia's leading property group, active in both property development and investment, with an extensive property portfolio across major growth corridors. Crown Group is a privately owned company, co-founded by architect Iwan Sunito and engineer Paul Sathio in 1994. Crown Group has established a reputation in the industry for developing prestigious, high quality residential and mixed-use developments. The company currently has over A$4.8 billion worth of developments in the pipeline.

Hong Kong seminar:

Time: 12:30pm & 6:30pm, 26th April 2016

Venue: 6/F, Three Pacific Place

 

For more information about the project, please contact:

JLL Hong Kong – Mandy Wong

Mandy.Wong@ap.jll.com, (852) 2846 5782 or http://www.jllresidential.com/hk

 

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