Crown Group release penthouses in Mastery and Waterfall, Sydney apartment developments

Crown Group tapped in to the work-from-home trend, pivoting toward flexible floor plans and internal and external living areas
The living room in a Mastery by Crown Group penthouse. Image supplied
Joel Robinson November 4, 20210 min read

The soon-to-be national property developer, Crown Group, has unveiled its penthouse collection across two of its Sydney apartment developments.

The architecture-led penthouses in Crown Group's Mastery by Crown Group and Waterfall by Crown Group developments are being pitched at potential onshore and offshore investors, now New South Wales is allowing quarantine-free travel.

Iwan Sunito, Crown Group co-founder and group chief executive, said, despite the COVID-19 outbreak, Asian investment in Sydney remains very strong.

“Compared with many global cities, Sydney offers stronger growth prospects for property owners; backed by a stable government, strong education market and a demand for housing which outstrips supply.”

This year, the Crown Group buyer pool is made up of a mix of offshore and onshore investors, with demand from the Asian market holding up despite travel restrictions.

Crown Group tapped in to the work-from-home trend, pivoting toward flexible floor plans and internal and external living areas, along with resort-style amenities and communal landscaped gardens.

The completed penthouse in the Waterfall by Crown Group apartment development in Waterloo spans two levels and has three bedrooms across its 147 sqm of living space. There's a balcony over 40 sqm, and a private rooftop with city skyline views.

Waterfall by Crown Group is a $400 million master-planned development comprising 331 apartments across three eight-storey buildings and one 22-storey tower, which is home to the highest man-made waterfall in the southern hemisphere.

Inspired by the tropical landscape of Indonesia’s Kalimantan and developed in conjunction with award-winning SJB Architects, Waterfall is a veritable rainforest in the heart of the city, offering access to tranquil gardens, a cantilevered gym, rooftop infinity pool, 49-jet jacuzzi for up to 16 people, outdoor cinema and music and function rooms.

Down the road is Crown's Mastery by Crown Group development in Green Square, a cluster of five newly completed buildings offering a total of 368 luxury apartments and anchored by a 19-storey, timber-clad tower featuring three exclusive penthouses.

Designed by Japanese architect Kengo Kuma, who recently designed the 2020 Olympic Stadium in Tokyo and the internationally acclaimed V&A museum in Dundee, Scotland, the tower forms part of a rare collaboration of three renowned architectural firms: Kengo Kuma; established Sydney architects Silvester Fuller; and Koichi Takada Architects, who created sophisticated Japanese-inspired interiors with a generous use of natural materials.

Part of the exclusive Penthouse Collection are three architecturally-designed penthouses in Kengo Kuma’s cantilevered tower. Offering between 150 sqm to 171 sqm of outdoor space, they occupy the top floor of the tower envisioned by Kengo Kuma to act as a vertical urban forest, with views towards Sydney’s CBD, Centennial Park, and panoramic water views to the south.

The penthouses feature water and moisture-resistant travertine  in the kitchen island benchtops, splashbacks, and in the bathroom walls, floors and vanity benches. There are Smeg appliances throughout, including rangehoods, gas cooktops, ovens, steam ovens, microwave ovens and coffee machines.

Buyers will have the option to upgrade to a Japanese onsen style bathtub, made of fragrant hinoki cypress, in the ensuite.

“Mastery by Crown Group is the last council-permitted tower for the area, meaning that this is an exclusive opportunity to not only live in the very first Kengo Kuma-designed residential building in Australia, but to secure views that will be impossible to replicate in Waterloo with existing zoning rules,” Sunito said.

Penthouse Collection residents will have access to Mastery's resort-style facilities which include an infinity-edge rooftop pool, gym, spa, mini-cinema and a community room. Australia’s first Japanese “eat street” is located on the doorstep.

The Mastery and Waterfall Penthouse Collection apartments are for sale, from $3.75 million to $4.88 million..

There are still studio, one, two and three-bedroom apartments for sale, priced from $630,000 and ranging to $2.37 million.

Knight Frank estimates that in 2021 Sydney luxury real estate prices will surge by 10 per cent. The outlook remains positive for 2022 as well, with a healthy seven per cent year-on-year growth forecast.

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and new developments across the country
Tags:
Crown Group
Waterloo
Green Square
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