An artist s impression of Artis comprising 152 luxury apartments and penthouses.
KUALA LUMPUR (Jan 27): Crown Group is banking on a looming undersupply in the apartment market and a surge in buyers this year to push ahead with its first apartment projects in Melbourne and Brisbane in Australia, as well as Los Angeles in the US, after reporting a rise in both profit and off-the-plan sales in the 2020 financial year.
The group earlier this month reported financial results for the 12 months to June 30 of a 6% pre-tax profit to A$35.6 million and sold 111 apartments worth A$131.5 million, despite four months of the pandemic and nationwide lockdown in that period, it said in a statement.
 That s because he apparently had similar ambitions for the site before the GFC hit and was working on a tower scheme. His nondescript former HQ s on a site passed by thousands of cars daily. It s set to be the latest in a list of properties that already have been bowled, or are on the knockdown agenda, as the oceanside suburb blossoms. The list ranges from blocks of apartments to the Fish House restaurant and a large part of the Old Burleigh Theatre Arcade. The ex-Marshall building is across the road from the Swell resort and fronts Tweed St, a short feeder strip that runs beside the Gold Coast Highway at the eastern end of central Burleigh.