Thursday, April 12, 2012

Australian Crown group to target buyers in Asia

Straits Times: Thu, Apr 12
AUSTRALIAN property developer Crown International Holdings is poised to start a major marketing push into Asia with buyers across the region being targeted.

The firm has more than 1,000 apartments in two Sydney projects to sell and will be rolling out a promotion campaign in Singapore, Hong Kong, Indonesia and China in June.

Chief executive Iwan Sunito told a briefing here yesterday that international investors bought about 2 per cent to 3 per cent of its existing projects but he expects this to rise to between 10 per cent and 15 per cent in the upcoming developments - limited by certain financing restrictions...

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