Crown Groups CEO, Iwan Sunito, joined a gala dinner held by the World Resources Institute which was also attended by the President of the Republic of Indonesia, Susilo Bambang Yudhoyono during his visit to New York, one of the busiest cities in the World.. On this occasion, Iwan Sunito who was born in Pangkalan Bun, Central Kalimantan and grew-up in Surabaya, explained to the President of the Republic of Indonesia about the achievements that have been made by Crown Group and Australia’s business climate in general.
During the event, Iwan Sunito also briefed the audience including President Yudhoyono about one of Crown Group’s latest project, V by Crown in Parramata. A modern residential resort-style hotel, which will also included serviced apartments and ground floor retail. V by Crown which he calls “the vertical village” now has become a new landmark in Sydney, Australia.
Parramatta is the economic powerhouse of greater Western Sydney. It’s the second largest employment destination outside of Sydney city; the gross regional production for Parramatta has increased to $14.8billion in the last 12 months; and many corporations and government bodies (including the Australian Taxation Office and Sydney Water) have their regional headquarters in Parramatta’s CBD.
Parramatta is now at the top of the list for the astute apartment purchaser — and Crown Group’s $300 million “vertical village”, V by Crown, can take a slice of the credit – but what else is it making Sydney second CBD such an attractive proposition for buyers and investors from South-east Asia region where some of them are coming from Indonesia
From October 1st the NSW State Government’s current $7000 First Home Owner Grant was replaced by the $15,000 First Home Owner Grant (New Homes) Scheme. The NSW Government also gives people buying their first home in NSW an exemption on stamp duty for new homes under $550,000. Homes valued between $550,000 and $650,000 offer concessions on stamp duty for eligible purchasers on a sliding scale.
Even the Reserve Bank has surprised the majority of economists by cutting the cash rate by 25 basis points to 3.25% at its October monetary policy meeting today. This is the lowest the cash rate has been since October 2009.
The RBA cut the cash rate despite median property values rebounding by more than 2% in the five capital cities (Sydney, Melbourne, Brisbane + Gold Coast, Perth and Adelaide) quarter-on-quarter in September, according to RP Data-Rismark’s daily index.
The $300 million V by Crown will feature around 500 luxury apartments, a resort-style hotel with pool, gym and conference facilities, as well as serviced apartments and quality retail. It has been designed by the multi award-winning and internationally-renowned architects Allen Jack + Cottier (AJ+C) and Japanese/Australian firm Koichi Takada Architects. V by Crown is a state-of-the-art “vertical village” and sets a new benchmark in design and quality in Parramatta, Sydney’s second CBD.
The V by Crown project on Macquarie Street has been selling for the past few months, with construction of the 27-storey tower beginning in April and set to become one of Parramatta’s tallest residential towers. V by Crown features 50 studios70 one-bed-plus-studyapartments260 two-bedroom apartments, which include studies, 50 three-bedroom units and stunning top floor penthouses.
Parramatta boasts the largest biomedical precinct in the Southern Hemisphere – Westmead Hospital and the Greater Medical Precinct – located 5 minutes from its CBD.
Parramatta is also an educational hub. The Parramatta campus of the University of Western Sydney will soon rise to 48,000 students; the University of New England have planned a satellite campus in Parramatta’s CBD and Tafe Granville currently has 15,000 students. There’s a long list of excellent public and private schools nearby — with James Ruse Agricultural High School Kings School, and Tara Anglican School for Girl, the highest academically ranked school in Australia.
Parramatta is fast becoming the place to live and invest — it has everything you could possibly need in terms of train, bus and ferry links, services, entertainment and shopping – all within the historic precinct of a city that boasts one of Western Sydney’s biggest parks at its heart.
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