RealEstat.id (Jakarta) – One Global Capital, a Sydney-based global property development and investment platform, has completed the acquisition of a land parcel in the Five Dock area.
The corporate move also marks the launch of a AUD 1.6 billion (approximately IDR 19 trillion) city-scale development project that will include residential developments, a shopping centre, and a hotel.
The 1.4-hectare premium site, offering sweeping views of Kings Bay, a golf course, and Sydney’s Central Business District (CBD), will be developed under a “city-within-a-city” concept designed to set a new benchmark for integrated urban living in Australia.
This milestone, achieved in December 2025, represents a transformational moment for One Global Capital and underscores the company’s disciplined execution, financial strength, and long-term strategic vision.
The development also complements the spectacular expansion undertaken by the company founded by Iwan Sunito over the past three years through hospitality, retail, and modular construction hotel platforms.
Iwan Sunito, Founder of One Global Capital, said that with full ownership and control now secured, Five Dock has become a cornerstone asset in the company’s mixed-use development strategy.
“The completion of the Five Dock acquisition is a pivotal moment for One Global Capital. We can now fully optimize the potential of this project,” he said.
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Five Dock: A New Hotspot in Inner West Sydney
Five Dock is one of the most prestigious neighborhoods in Inner West Sydney, with average home values ranging between IDR 45 billion and IDR 60 billion, while waterfront properties can reach up to IDR 120 billion.
The area’s appeal continues to strengthen amid rising residential prices in the Canada Bay and Leichhardt local government areas, driven by extensive infrastructure development.
Five Dock’s strategic advantage is also supported by its strong transportation connectivity, including the Five Dock Metro Station, located about 1.1 kilometers from the site, and Burwood Metro Station, just 800 meters away, providing fast access to Sydney’s CBD and enhancing connectivity to major business, education, and lifestyle hubs.
“Residents here will enjoy the convenience of a bus stop right at their doorstep,” said Iwan Sunito.
At the same time, the residential market in Five Dock continues to demonstrate sustainable growth, supported by the implementation of Transit-Oriented Development (TOD) principles and strong demand from investors.
Interest in the project is not only coming from local buyers but also from Indonesian high-net-worth investors seeking premium properties in a stable and transparent market with long-term capital growth potential.
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A Visionary Collaboration
The project marks a collaboration between Iwan Sunito and internationally renowned architect Koichi Takada. For this development, Sunito has also partnered with PTI Architect Indonesia and Buchan Australia to design the master plan.
Koichi Takada has previously worked with Sunito as the creative force behind several iconic residential developments in Sydney, including Infinity, Arc, and Skye North Sydney.
According to Iwan, the project will be three times larger than Infinity in Green Square and will become the largest development of his 25-year career.
“We are not simply building buildings—we are creating a city within a city,” he said.
Koichi Takada explained that the project will adopt a nature-integrated architectural approach, blending built environments seamlessly with the natural landscape.
Public spaces will be designed with biophilic principles, integrating expansive and carefully curated landscapes.
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“Every element is optimized to maximize natural light, airflow, and water-facing orientations to create an environment that promotes wellbeing, sustainability, and meaningful social interaction,” Takada said.
Meanwhile, Doddy Tjahjadi, Managing Director of PTI Architect, who is widely recognized as a leading shopping centre designer in Indonesia, expressed his honor at being selected as part of the architectural team alongside Koichi Takada and Phil Schoutrop of Buchan.
“This project is also a reunion with Iwan Sunito, who was my junior during our studies at UNSW, where we both pursued a Bachelor of Architecture and Master of Construction Management,” he said.
Doddy added that the team shares a vision of integrating a shopping centre, public library, and collaborative learning spaces within a mixed-use residential development surrounded by green landscapes.
“For us, this represents a strategic milestone for Indonesian architects and consultants. The participation of national architectural firms in large-scale projects in developed countries such as Australia demonstrates the capability, credibility, and competitiveness of local firms on the international stage,” he noted.
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Planning and Capital Strategy
The integrated precinct will feature 750 premium apartments across five towers, a 250-room hotel with a 3,000-square-meter conference centre, and a 10,000-square-meter retail and lifestyle hub.
The development will also include health and wellness facilities, expansive green open spaces, community amenities, and an integrated build-to-rent ecosystem.
Planning approval is scheduled to be submitted in June 2026, followed by investor engagement through Expressions of Interest (EOI) in the second quarter of 2026.
The apartment marketing launch is targeted for the third quarter of 2027, while construction is expected to begin in the second quarter of 2028.
Samuel Sunito, Director of Capital at One Global Capital, revealed that the company has already received strong interest from global investors seeking co-investment opportunities in the mega project.
The company is currently exploring partnerships with investors from Indonesia, the United States, China, Singapore, Vietnam, and Dubai to ensure alignment of vision and long-term value creation.
“Interestingly, several investors from the Middle East came through our network channels in Indonesia,” he said.
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Growing Interest from Indonesian Investors
Australia’s real estate market continues to attract Indonesian high-net-worth investors seeking market stability, regulatory transparency, and sustainable returns.
With Indonesia’s property market projected to grow around 5.5% annually through 2029, Australian real estate is increasingly appealing to Indonesian investors looking for stable international investment opportunities.
Indonesian buyers consistently rank among the top 10 foreign purchasers of residential property in Australia, with transaction values exceeding AUD 100 million per quarter throughout 2023.
Meanwhile, property values in Inner West Sydney are projected to grow by up to 12% in 2026, further strengthening cross-border wealth creation opportunities.
Fitri Hilman, Director – Commercial Services at Savills Indonesia, said the Five Dock project reflects the strengthening investment relationship between Indonesia and Australia.
“Australia remains a preferred destination for Indonesian investors, supported by strong market fundamentals, regulatory transparency, and long-term growth prospects,” she said.
Fitri added that major infrastructure investments—including the Five Dock and Burwood Metro projects—will continue to serve as catalysts for property value growth in Inner West Sydney, positioning Five Dock as an emerging investment hotspot with strong capital appreciation potential and stable rental yields.
“Excellent connectivity, optimal development intensity, and sustainable area growth will drive long-term value creation for both investors and end-users,” she concluded.
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