CONSTRUCTION STARTS ON $500M WATERLOO DEVELOPMENT

DAILY REPORTS of the house price falls, suggestions that foreign buyers have left the Australian market yet there are ever more projects underway … why?

IS it because Scomo Government policies have paved their way … through an onshore Proxy they can launder black money in our Real Estate and gain Permanent Residency and a Family Visa?

AND RE Agents have set up sales offices across Asia …

Refer to these Related Articles:

 

-Crown Group Remain Confident in Weakening Sydney Market

 

-Sydney Metro Proposal for Waterloo Over Station Development Ramps Up

Construction Starts on $500m Waterloo Development

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Construction has commenced on Sydney-based Crown Group’s “resort style” $500 million development in Waterloo.

 

The project, developed in partnership with Japan’s Mitsubishi Estate Group, will feature 374 luxury apartments across five buildings when complete in 2021.

One of the five buildings includes the highly-publicised Kengo Kuma-designed 19-story “stacked forest” tower.

Mastery project director Prisca Edwards says the development will also deliver Sydney’s first Japanese eat street.

“[The development] will provide Sydneysiders an option to live in the finest holiday resort destination, in the most sought-after architectural precinct, at an affordable price.”

Property affordability has been improving in the harbour city, after the bullish five-year run up to 2017 which saw Sydney housing surge 72 per cent.

Recent housing data by Domain reveals Sydney’s housing prices fell 9.9 per cent over the year to $$1,062,619, while unit prices dropped 5.8 per cent over the year to $702,012.

Related: Crown Group Remain Confident In Weakening Sydney Market

Crown Group Eastlakes

Crown Group’s $1 billion Eastlakes development.
Just last week the property giant was forced to modify its approved plans for $1 billion development in nearby suburb Eastlakes after Civil Aviation Safety Authority (CASA) found the project would breach Sydney Airport height restrictions.CASA found the development height would affect landing procedures at the runway which is located two kilometres to the east of Crown Group’s development site.

Crown Group’s Waterloo Mastery site sits three kilometres from Sydney’s CBD.

Three of the Mastery towers are Koichi Takada designed, while the fifth residential building has Sydney-based architects Silvester Fuller at the design helm.

A collection of apartments are listed for sale priced from $632,000.