Iwan Sunito launches AUD1.6 billion Five Dock project in Sydney
Jakarta – One Global Capital, a global property development and investment platform based in Sydney and owned by the Iwan Sunito Family Office, has announced that the acquisition of land in the Five Dock area valued at Rp1.5 trillion has been completed 100 per cent.
This corporate action marks the launch of a city-scale project valued at AUD1.6 billion (Rp19 trillion) that will encompass residential, shopping centre, and hotel components. The premium 1.4-hectare site will be developed with a “city-within-a-city” concept designed to establish new standards for integrated urban living in Australia.
This major milestone, achieved in December 2025, represents a transformational moment for One Global Capital and confirms the company’s measured policy execution, financial strength, and long-term strategic vision. This complements the company’s spectacular expansion over the past three years through hospitality, retail, and modular construction hotel platforms.
Iwan Sunito, founder of One Global Capital, stated that with full ownership and control now achieved, Five Dock becomes a cornerstone asset in the company’s mixed-use development strategy.
“The completion of the Five Dock acquisition is a crucial moment for One Global Capital. We can now optimise the project’s potential to the maximum,” said Iwan.
Five Dock: Emerging Hotspot in Inner West with Strong Growth Fundamentals
Five Dock is one of the most prestigious areas in Sydney’s Inner West, with average home values ranging from Rp45 billion to Rp60 billion, whilst waterfront properties can reach prices up to Rp120 billion.
The area’s appeal has strengthened with rising average residential prices in the Canada Bay and Leichhardt council areas, driven by extensive infrastructure development.
Five Dock’s advantages are supported by a strategic transport network, including Five Dock Metro Station (approximately 1.1 kilometres from the site) and Burwood Metro Station, 800 metres away, providing rapid access to Sydney CBD and expanding connectivity to business, education, and lifestyle hubs.
“Residents here will be able to enjoy bus stops at their doorstep,” said Iwan.
The Five Dock residential market shows sustained growth, supported by Transit Oriented Development (TOD) principles and strong investor demand. Interest comes not only from local investors but also from high-net-worth Indonesian investors seeking premium properties in a stable, transparent market offering long-term capital growth.
Visionary Collaboration and City-Scale Development
The project marks a collaboration between Iwan Sunito and world-renowned architect Koichi Takada, alongside PTI Architect Indonesia and Buchan Australia in developing the master plan concept. Previously, Koichi Takada was Iwan Sunito’s design partner and creative force behind iconic Sydney residences including Infinity, Arc, and Skye North Sydney.
According to Iwan, this project will be three times larger than Infinity in Green Square and represents the largest development undertaken during his 25-year career.
“The project’s development concept employs a design approach that naturalises architecture—creating buildings that integrate with nature rather than separating from it. Public spaces are designed with biophilic principles, combining expansive and carefully curated landscaping. Each element is optimised to maximise natural light, air circulation, and water views to create an environment supporting wellbeing, sustainability, and meaningful social interaction,” said Koichi Takada.
Doddy Tjahjadi, Managing Director of PTI Architect and renowned shopping centre designer in Indonesia, expressed honour at being selected for the architectural team to work alongside Koichi Takada and Phil Schoutrop from Buchan.
“Our shared vision is to present a shopping centre, public library, and collaborative learning spaces within a mixed-use residential development integrated with green landscapes,” said Doddy.
“For us, this is a strategic milestone for Indonesian architects and consultants. The participation of a national architectural firm in a large-scale project in a developed country such as Australia affirms the capabilities, credibility, and competitiveness of local firms on the international stage,” he added.
This integrated development will feature 750 premium apartments across five towers, a 250-room hotel with a 3,000 m² conference centre, and a 10,000 m² retail and lifestyle centre. The development also includes health and fitness facilities, extensive green open spaces, various community amenities, and an integrated build-to-rent ecosystem.
Planning approval submission is scheduled for June 2026, followed by investor engagement through Expressions of Interest (EOI) in the second quarter of 2026. Apartment marketing launch is scheduled for the third quarter of 2027, with construction expected to commence in the second quarter of 2028.
Samuel Sunito, Director of Capital One Global Capital, stated that the company has received substantial interest from global investors seeking co-investment opportunities with One Global Capital in this mega project.
“We are currently exploring collaboration opportunities with investors from Indonesia, the United States, China, Singapore, Vietnam, and Dubai to ensure vision alignment and long-term value creation. Notably, some Middle Eastern investors have come through our Indonesia network channels,” he said.
Strengthening Indonesia–Australia Investment Corridor
Australian real estate continues to attract interest from high-net-worth Indonesian investors seeking stability and long-term capital growth opportunities in a transparent and regulated market.