The Rise of Crown Holdings
Crown Group has gained a reputation for being one of the leading property development companies within the borders of Australia. It has engaged in a number of different commercial activities including the development, the investment, and the management of both residential and commercial properties. It should be noted that unlike most other companies in this competitive market, Crown International has been incredibly successful, in the property marketing, experiencing unprecedented growth. It might be hard to believe, but Crown Group started out as a small boutique operation, and today, it is worth more than 3 billion dollars. All of this occurred over a period of just seventeen years!
At the Start
The year was 1996, and Iwan Sunito had just raised an initial capital of 5 million dollars using the aid of his friends and family. After the money was in hand, Iwan launched Crown Group Holdings PTY Ltd, which would eventually become Crown Group Holdings
Crown Group did not have a slow startup. On the contrary, it won a bid on a 28 million dollar project for an apartment complex. The success of the project started with the completion of this project, and from there, it became a multi-billion dollar enterprise.
The company continued on a road of substantial growth until 2005 when it changed its focus entirely to five-star resort residential properties. Because of this change, Crown Group holdings is now one of the leading developers in Sydney, adding around 2.8 billion dollars of development projects to its personal portfolio.
As of now, Crown Group has added the development of high-rise residential complexes in addition to investment and management in both industrial and commercial retail projects. As the company has grown over the years, so too have the services that it offers:
-Selling/Leasing of Properties
Crown Group Holding has demonstrated and exerted full dominance in the Sydney property market, which has a potential of around 35 billion dollars as a result of the housing shortage. The company wishes to expand its business to other cities in the country and even wishes to take a look at the Melbourne property market. Additionally, it is looking at the Brisbane market where a development site is up for grabs to the right buyer.
As if that weren’t overwhelming enough, the company is looking at the international market, perhaps expanding to a few Asian sites. Crown Holdings opened its very first overseas operation in Indonesia, and it plans to expand to China, Malaysia, and even Singapore.
Involvement in the Community
Aside from property development, Crown Holdings has also been a huge factor in community development. In 2012, the company created a foundation that gives back to the community, donating $500 from every apartment sold to local development.
From the small enterprise it once was, to the leading property developer in Sydney, Crown has attained a level of success that few companies will ever see. This can be credited to a skilled workforce and intelligent market analysis. The company has been innovative, using modern designs and construction methods which have propelled it to the forefront of the industry. The future is bright, especially for Crown Holdings!…