crown group remain confident in weakening sydney market

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 kilometres from the CBD,” Sunito said.

While Sunito says he’s an optimist, the developer who co-founded his company in 1996 recently told The Urban Developer, he’s “optimistically cautious”.

Prices for apartments in Mastery by Crown Group, designed by Japanese architect Kengo Kuma and Sydney architect Koichi Takada, start from $632,000.

The project’s second stage of sales is expected to commence in early 2019.

Mastery will comprise a total of 374 luxury apartments once complete.

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