Sydney’s Premier Luxury Apartment Project Launched in Asia

30 November 2009

Sydney’s most prestigious new apartment development, The Residence Hyde Park, has been officially launched in Asia. Located in the most stunning location atop Sydney, this new boutique project is now under construction and will be Sydney’s premier luxury address, offering spectacular views of the Sydney CBD and parklands from every two and three bedroom apartment.

 

Peter Coulton, Savills’ Sydney-based Project Marketing Director, said “The Residence Hyde Park has been extremely well received in the Australian marketplace and has generated strong interest from international buyers.”

“To date we have sold 11 apartments to investors from Shanghai, Hong Kong and Singapore, who are amongst the first in the world to secure an apartment at the prestigious new development. With this current Asian roadshow we would like offer buyers here who had heard of this prestigious development the opportunity to buy a unit,” said Julian Sedgwick, Senior Associate Director, Savills Singapore.

Savills’ official Asian launch of The Residence Hyde Park in Singapore and Hong Kong will include the exclusive release of the highly anticipated north-east corner of the building, providing sweeping views of Sydney Harbour, the Opera House, the main Cathedral and Hyde Park.

“There is strong overall interest in premium Sydney residential property coming from Asian countries such as Hong Kong, China, Malaysia and Singapore,” added Julian.

The relaxation in the rules back in April 2009 for foreign investment in new apartments is making Australia an even more attractive destination for international property investors.

“Though the Australian dollar is very strong, I believe that even at these rates, The Residence is an exceptional buying opportunity. Any downward movement in the Australian dollar will simply mean that the apartments are even cheaper when it comes time to settle in two years time. The other advantage is the capital appreciation on the property in the next two years before settlement, the value may be 10% to 15% higher on settlement, if not more,” said Julian.

“The Residence Hyde Park, which undoubtedly boasts Sydney’s best residential apartments, has generated strong buyer interest with almost 50% already sold, highlighting that quality is always recognised and highly sought-after by astute investors,” said Peter.

The Residence Hyde Park draws its design inspiration from internationally acclaimed architects and interior designers from Paris in collaboration with Australia’s very best.

As Development Director of Pamada, Mark Sydney, will tell you, it’s a Remington story – he loved the corner of the building that was on the site so much, he had to buy the whole building: “This is the best site in the best city in the world.” With an eye to French styling and influence, Mark called on Parisian architect Marc Seifert who worked with Australia’s best architects and interior designers and involved world renowned Parisian designer Christian Liaigre with selections of his special furniture “Sydney’s Hyde Park precinct is becoming the City’s most exclusive address with demand for luxurious new apartments outstripping supply,” said Mark.

Its luxurious interiors and inclusions are complemented by a 24 hour concierge service and an outstanding range of 5 star hotel-style facilities, including a gym, sauna, lap pool, spa and temperature controlled wine room with private cellar.

 
 

Key contacts

Julian Sedgwick

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Senior Associate Director

Shaw House, Orchard Road, Singapore

+65 6836 6888

 

Michael Lim

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Corporate Communications Manager

SGX Centre 1, Singapore

+65 6415 7579