MORE than $170 million worth of apartments were sold within two hours at the launch of a new Green Square development today.

By 3pm, the total value of apartments sold reached $350 million.

The $575 million Infinity by Crown Group development attracted hundreds of cashed-up buyers that queued up outside the company’s Market St headquarters from 7am to snap up off-the-plan homes.

National development director of the Crown Group, Pierre Abrahamse, said the response had been overwhelming.

“We released our first 185 units and we have had to release the second stage well in advance due to the unprecedented demand,” he said.

“We had close to 800 expressions of interest before the launch so we anticipated a high level of pent-up demand.”

A total of 326 apartments was released for sale in the same-day global launch which included Singapore, Jakarta and Surabaya.

Prices for the apartments started from $650,000.

Mr Abrahamse said the development had attracted a mix of owner-occupiers and investors.

“Seventy per cent have been locals and 30 per cent have been overseas buyers,” he said. News_Image_File: Prospective buyers queing up. Picture: Jess Husband.News_Image_File: Buyers at the sales launch. Picture: Jess Husband

Zetland couple Cecilia McLachlan and Neil Xian, along with son Louis, 5, bought a two-bedroom apartment on the 18th floor.

“We are going to live in it. We haven’t been looking for long, maybe a few weeks,” Ms McLachlan said.

“We liked the look of the building and the town centre that’s going to be built there. We are excited to move in.”

Sisters Sherly and Brenda Lie, from Maroubra, also bought an apartment with their father.

“We bought it as an investment. The location is pretty good and it’s close to the station,” Miss Lie said. News_Image_File: Neil Xian, Cecilia McLachlan, with their son Louis, 5, relax on the showroom bed while waiting to sign their contract. Picture: Jess HusbandNews_Image_File: Maroubra sisters Brenda and Sherly Lie bought an apartment as an investment. Picture: Jess Husband

Infinity by Crown Group will be located at 301-303 Botany Rd, Zetland, close to Green Square train station.

Designed by Koichi Takada Architects, it will feature resort-style facilities including a fully-equipped gym, a music room with a baby grand piano, media theatre and a sky lounge with city views.

Crown Group CEO Iwan Sunito said he wanted to create an innovative building that would cater to the needs of residents for decades to come.

“This gateway site in Sydney’s new Green Square precinct demanded something completely new, something which has never been built before,” he added.

News_Image_File: Artist’s impression of Infinity at Green Square.News_Image_File: Apartments will have city views.

There will also be 1180sq m open-air garden plaza surrounded by retail outlets, restaurants and cafes.

In addition to the residential apartments, Infinity by Crown Group will also be home to 75 luxury serviced apartments.

Construction is due to begin this year and is expected to be completed in 2019.