JAKARTA - Crown Property Agency (CPA), a sub-division of Crown Group which in charge to market apartment units to be leased out by the landlords, managed to lease out 275 units up to October 2022, an increase of 74% compared to the number of apartment units leased out in 2021 that reached 158 units.
Meanwhile, during January – October 2022 the total rental value collected by CPA has increased exponentially. The total rental value recorded at AUS$14.8 million, (275 leased units) an increase of around 174% from the total rental value in 2021, which was AUS$5.4 million (158 leased units).
CPA is a property management company initiated by the Indonesian-born entrepreneur duo, Iwan Sunito and Paul Sathio as Crown Group’s CEO and for the past decade. The Licensee and Director of CPA Anthony Caudullo has been building relationships with the 700 + strong investor’s assisting them maximising their investment property whilst minimising the investors risk.
The Grand Residences is the most leased property in 2022 (as per September 2022) with 82 units, followed by V by Crown Group in Parramatta with 39 units, Infinity by Crown Group ranked third with 33 units, Waterfall by Crown Group ranked fourth with 29 units, Skye North Sydney and Top Ryde each ranked fifth with contribution of 23 units each and others with 20 units.
“A consistent income stream is vital to ensuring the financial success of an investment property. As the landlord’s greatest risk is vacancy but in the current market, we are seeing that our current vacancy sits below 1% meaning and rents are certainly on the increase. it’s certainly a landlord’s market current. Under CPA portfolio of 700+ apartments we are seeing rental increasing across all our developments with an increase of between 10-20% increases. says Anthony Caudullo. (LM)