Australian developer Crown Group says it has sold more than A$300 million ($315.6 million) worth of apartments at the launch of its mixed-use development Waterfall by Crown Group (below). The property was launched for sale simultaneously in Sydney, Singapore, Hong Kong and Jakarta. According to Crown Group, the bulk of the apartments were sold to buyers in Sydney.

Crown Group says response from owner-occupiers and investors to the initial A$200 million worth of apartments was overwhelming and it has therefore released a further A$100 million worth of apartments for sale. These are units that were planned to be released for sale at a later date.

Scheduled for completion in 2020, the 331-unit Waterfall by Crown Group comprises three seven-storey buildings, a 20-storey tower and what will be Australia’s tallest man-made waterfall. Units, which include studios, one-, two- and three-bedroom apartments, courtyard apartments and double- storey penthouses, were sold at prices starting from A$650,000. The development will also house six retail outlets.

Source: Crown Group