Empty-nesters among those considering a move to Skyview

22 Sep 2017

LOCAL owner-occupiers made up the majority of buyers purchasing into the high-rise Skyview complex, just launched onto the market at Castle Hill. 

The project by developers Toplace will comprise of 923 units over five separate buildings, ranging in height from 18 to 24 storeys. 

Three bedroom apartments within the first two buildings called Phoenix and Hydra, named after star constellations, proved the most popular with buyers looking to eventually downsize. 

Skyview apartments will offer views stretching out to the Sydney CBD 

“We had an excellent launch day with around 200 people coming through,” said Colliers International director Ian Bennett. 

“The investor profile is interesting with most wanting to live in Skyview in the future — so floorplan choice was a lot more emotional than a typical investment that will simply be rented out and these investors are paying a lot of attention to finishes, colour schemes and views.” 

Toplace managing director Jean Nassif said the needs of first home buyers paired with housing affordability drove pricing for this project. 

The development will also have a children’s playground and outdoor fitness equipment. 

One-bedroom apartments are selling from $595,000, while those located on Level 23 with city views are priced $835,000. 

The 8000 sqm site is designed to be multi-generational and include a community centre, rooftop entertainment space, children’s playground, outdoor fitness equipment, BBQ area and a swimming pool. 

“Our vision is to deliver premium apartment living to Castle Hill and set a new benchmark,’’ Mr Nassif said. 

“We are excited to bring city style living to the Hills so residents can enjoy a low maintenance lifestyle with retail, transport and recreation facilities right on their doorstep without compromising on quality or living space.’’ 

Skyview is the second high-rise residential project to be built in Castle Hill 

Around a third of inquiries for Skyview came from buyers who had already purchased at Atmosphere, the first high-rise in Castle Hill currently under construction by Toplace. 

Several properties within the complex have recently been listed back onto the market by investors who are selling before it is completed. 

the first two buildings in the development called Phoenix and Hydra, have been named after star constellations. 

“They were all pleasantly surprised at how much their properties have increased in value over the 2.5 years since they purchased, now have significant equity and realise the investment potential in Castle Hill and are now looking to purchase in Skyview,’’ Mr Bennett said. 

Agent Michael Hu from Seven Real Estate, who has listed several apartments in Atmosphere, said some properties are now fetching $100,000 more than what they were purchased for off-the-plan back in 2015. 


Originally published as High rise living popular with empty nesters 

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