Hong Kong Interest in Australian High-end Branded New Developments Rises
SYDNEY, Oct. 14, 2019 /PRNewswire/ — Leading Australian developer Crown Group noted a marked increase in interest from Hong Kong buyers when it showcased its luxury resort-style apartments to an expo there recently. More than 1,000 wealthy investors attended the event and the team received countless enquiries throughout the day about Crown Group’s latest developments in Sydney, Melbourne and Brisbane.
The Juwai Overseas Property Expo was held on Sunday September 22, at the Mira Hong Kong. Featuring over 10 investment seminars and a number of the world’s most prestigious exhibitors, the global fair attracted property investors seeking to grow their investment portfolios.
Chairman and Group CEO Iwan Sunito was a keynote speaker, sharing his insights on the health of the Australian property market since recent elections, banking reforms and interest rate cuts.
Crown Group Director of Sales Prisca Edwards said, "There was a noticeably strong interest from attendees in Australian property because of its ease of access to Hong Kong, being the closest western country to Asia and very close in terms of time zones," she said. "The investors we spoke to were very interested in Sydney and Melbourne’s status on the list of world’s most livable cities.
"The expo was a great opportunity for us to learn about what Hong Kong residents typically seek out in overseas investments, and to keep abreast of current trends in the Chinese buyers’ market."
Crown Group’s sales team noted that enquiry levels went up for Crown Group’s latest developments across Sydney, Melbourne and Brisbane as a result of the event.
"HK investors are quick to snap up our apartments, in fact we see the quickest sales happened in the last months from HK residents. The team is now following up more potential Hong Kong buyers, looking forward to close more sales in the next few months," Mrs. Edwards added.
Crown Group Senior Sales Executive – China Desk, Jerry Chen said, "The top reasons for Hong Kong residents buying in Australia are always going to be immigration and investment. Immigration is often sought so that buyers have a desirable place to retire and somewhere their children can go to university.
"Australia is considered to be a safe haven and a lifestyle destination, known for its clean healthy lifestyle and excellent education and health care. These buyers are also attracted to the forecast economic growth and the stable investment environments that these cities offer.
"In terms of cities that they are looking for, number one is Sydney, secondly Melbourne and thirdly Brisbane. Simply put, Sydney has four world’s best universities near its CBD, including The University of New South Wales, University of Technology Sydney, The University of Sydney and Macquarie University, among many others. As for Melbourne, it has three top universities, The University of Melbourne, Monash University and RMIT University while Brisbane has two great universities near its CBD including Queensland University of Technology and James Cook University."
Crown Group is renowned for premium apartment developments that have set new design benchmarks in the world. It boasts a portfolio of six projects under development and in the pipeline across Sydney, Melbourne and Brisbane.
There are two ground-breaking new developments underway in Sydney, including the $500 million five tower precinct Mastery by Crown Group in Waterloo and the exciting new address Eastlakes Live by Crown Group. There are two to be completed soon: the luxury topical resort Waterfall by Crown Group in Waterloo and one of the World’s Best Projects, Infinity by Crown Group in Green Square.
The developer is preparing to launch its first Melbourne development, the arts-themed Southbank residential towers mid next year and will launch its first West End Brisbane residential project in late 2020.
For more information on apartments for sale visit https://www.crowngroup.com.au.
Crown Group Director of Sales Prisca Edwards and Senior Sales Executive – China Desk, Jerry Chen are available for interviews on request.
About Crown Group
Crown Group Holdings (Crown Group) is a leading Australian property group specialising in property development, property investment and serviced apartments. The company was co-founded by architect Mr. Iwan Sunito and engineer Mr. Paul Sathio with its first project in 1996.
Crown Group has successfully completed major developments in Sydney’s best locations including Bondi, Bondi Junction, Parramatta, Ashfield, Epping, Homebush, Newington, Pennant Hills and Rhodes and most recently the 25-storey Arc by Crown Group in Sydney CBD and 2017 Property Council of Australia’s Annual Property Congress’ one of the World’s Best Projects Infinity by Crown Group in Green Square.
Today, Crown Group boasts a portfolio of eight major projects under development and in the pipeline. It is currently developing three major projects in the Sydney area: the $500 million five tower precinct Mastery by Crown Group in Waterloo being developed with Mitsubishi Jisho Residence; Waterfall by Crown Group in Waterloo; and Eastlakes Live by Crown Group the most exciting new address in the Eastern Suburbs.
Crown Group launched SKYE Suites in Parramatta in August 2017 and SKYE Suites Sydney in October 2018. It is due to open SKYE SUITES Green Square (Sydney) soon.
Crown Group has been awarded more than 30 high-profile industry awards including the UDIA NSW Awards for Excellence 2019 commendations for Arc and Mastery by Crown Group; 2018 Urban Development Institute of Australia (UDIA) NSW Best Mixed-Use Development and 2016 International Property Awards Best Residential High Rise Architecture Australia for V by Crown Group Parramatta; 2017 Property Council of Australia’s Annual Property Congress’ one of the World’s Best Projects for Infinity by Crown Group; 2017 Master Builders Association NSW Excellence in Construction Awards for Skye by Crown Group; 2015 International Property Awards Best Residential Development Australia for Arc by Crown Group; 2015 MBA NSW Excellence in Construction Awards for Viking by Crown Group Waterloo and 2014 UDIA NSW President’s award – considered one of the highest property development accolades in Australia – for the seven-tower, resort-style development Top Ryde City Living.
For the past two years, SKYE Suites Sydney won the Best Tech Hotel award and SKYE Suites Parramatta earned a Highly Commended for Best Serviced Apartment Property at the HM Awards 2018 & 2019.
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