Australian property developer Crown Group on Saturday sold more than $380 million worth of apartments at the launch of its highly-anticipated residential development to be built in the heart of the Green Square Town Centre, Infinity by Crown Group.
Buyers flocked to the company’s Market Street head office from 8am snapping up $100 million worth of apartments in the first hour.
By close of business only two apartments remained and sales had reached $380 million.
Crown Group made the decision to release the building’s entire 326 apartments after the company received an unexpected number of enquiries.
Crown Group Chief Executive Iwan Sunito said sales on Saturday reflected the building’s extraordinary design and exceptional location close to Green Square train station; a gateway site to the new Green Square Town Centre.
The result broke the company’s previous sales record of $173 million in four hours at the launch of Sydney by Crown last year.
More than 70 per cent of apartments at Infinity by Crown Group were sold to Australian residents and citizens.
“This is evidence of the strong demand for high-quality apartments in the right location; and a testament to Crown Group’s reputation for delivering iconic buildings in Sydney,” Mr. Sunito said.