Parramatta. All apartments sold

The impending end of the off-the-plan stamp duty concessions for NSW property investors has helped Crown International Holdings sell all apartments in stage one of its $300 million, 27-storey V tower on the corner of Macquarie, Marsden and Hunter streets in the Parramatta CBD. The developer has now moved onto selling stage two apartments.

Parramatta City Council has approved an application by Crown International Holdings to increase by two storeys the height of the approved 27 storey residential building. The initial DA had 367 apartments in the project; the revised DA has 422 apartments. Also, commercial space on levels one to four will be turned into serviced apartments. The building will contain a conference/function facility.

Harris Park. Ninety per cent of units sold

Crown International Holdings has sold over 90 per cent of its 240 apartments and penthouses in the two-tower, 16-story Gallery by Crown, in Cowper Street, Harris Park. "Parramatta's growth rate and predictions of strong future investment, make the area an extremely attractive investment prospect," said Kym Rogers, Crown marketing manager. The building is expected to be completed early in 2009.

Expansion of 16-storey building refused

Parramatta City Council has refused an application by Stateland Centre Pty Ltd to add an additional two floors to its 16-storey mixed-use building, under construction at 8 Cowper Street, Harris Park. Parramatta Bowling Alley formerly occupied the site.