Top Ryde. $37 million for apartment towers

Crown International Holdings Group has paid $37 million to build five residential towers and 430 apartments above the 80,000-square-metre Top Ryde City shopping centre, which opened in August this year. Construction of the first two towers is expected early next year Iwan Sunito, of Crown International, said 183 of the 197 apartments in the two towers had been pre-sold at prices ranging from $500,000 to $1.6 million. The company is building ot planning development at Rhodes and Parramatta, and has completed a low-rise apartment building at Newington. The shopping centre is for sale with expectations of about $700 million.