1 OCTOBER 2019 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 1000 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.