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Trinity to launch RM660m projects over next 12 months

By Chai Yee Hoong & Lam Jian Wyn of theedgemalaysia.com
Friday, 18 July 2014 14:26 Bookmark and Share




KUALA LUMPUR: Trinity Group Sdn Bhd is planning to launch RM660 million worth of residential projects in the Klang Valley over the next 12 months, said the founder and managing director Datuk Neoh Soo Keat.

The projects will be in Sungai Besi and Mont Kiara, he told reporters yesterday. Both projects are high-rises.

“We have already begun work on these projects. They will keep us busy over the next few years,” he said.

According to Neoh, the freehold projects will cover approximately three acres (1.21ha) each.

The Sungai Besi condominium, which the group plans to launch in October or November, has a gross development value (GDV) of RM270 million and will have over 400 units.

While he declined to reveal the unit prices, he said “they will be very competitive”.

Meanwhile, the development in Mont Kiara, which the group plans to launch in the second quarter of 2015, has a GDV of RM390 million with over 300 residential units that will be priced from RM1 million.

Both projects will have units ranging from 1,000 sq ft to 1,300 sq ft, he added.

Neoh was speaking at a media tour of The Z Residence condominium in Bukit Jalil, in Kuala Lumpur.

The Z Residence, which was completed in June, comprises four blocks of 26- and 27-storey condominiums over a 6.7-acre freehold site.

There are 1,136 units with 2-, 3- and 3+1-bedroom layouts while built-ups range from 1,032 sq ft to 1,407 sq ft. Prices start from RM350,000, bringing the project’s GDV to RM580 million.

Almost all but 30 of the units have been sold since the first block was launched in 2011, according to a Trinity Group spokesman.

The condo’s facilities include a 180-foot infinity pool with a pool pavilion, a sky lounge perched 430 feet above ground level, and floating gardens on the ground floor.

To reduce congestion, Trinity Group also built an 800m road to shorten travelling time between Puchong and Bukit Jalil via the Bukit Jalil Highway at a cost of RM3 million.



Neoh, standing next to The Z Residence model, says the prices for the Sungai Besi and Mont Kiara developments ‘will be very competitive’.
 

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Trinity Group’s new condo in Mont’Kiara coming up

By Natalie Khoo / TheEdgeProperty.com | June 17, 2016 12:53 PM MYT



PETALING JAYA (June 17): Trinity Group is targeting to launch two blocks of luxury condominiums located at Jalan Kiara 5, Mont’Kiara in 2017, Trinity Group managing director Datuk Neoh Soo Keat told TheEdgeProperty.com.

“We haven’t firmed up the name for the development yet, but we are looking at the possibility of naming it Trinity Mont’Kiara,” said Neoh.

The condos will have a total of 330 units and will sit on a 2.93-acre freehold site.

The units are tentatively priced from RM1 million to RM1.5 million while the project’s estimated gross development value is RM400 million. The built-ups are still being planned and finalised.

“We came across the land sometime in 2009. We then studied the potential that we could harvest from it. After doing all our research and talking to its owner back then, a Korean company called Daemyung Resort, we bought the land in mid-2012 for RM55 million,” said Neoh.

According to Neoh, the project would be aimed mostly at locals who are looking for an upgrade to a higher-end home. He added that the project will appeal especially to those who are looking for peace of mind and security in their living environment.

Neoh“We are targeting a 80:20 ratio of locals to foreigners for this project. We believe that there is strong local demand for homes such as these. I can say that one of the project’s unique selling points will be a feature where the residents will feel safe whenever they are in their housing compound.

“Even when they are out travelling or not physically at home, they will not have to worry about the security of their house. This is a feature that we are looking to work on and which no other high-rise in Mont’Kiara is offering now,” said Neoh.

Neoh added that the development is close to amenities and has excellent connectivity via several major highways.

“It is easily accessible via the Sprint Expressway, the Federal Highway Kerinchi Link, the North Klang Valley Expressway and the Duta–Ulu Klang Expressway.

“The project is located near several schools such as Garden International School and Mont Kiara International School. Also close by is the commercial hub Plaza Mont Kiara and Publika mall,” said Neoh.

So far, the project has received some 2,000 registrants of interest.

“We are encouraged by the response and it is a good indicator for us about the project as we approach the launch period,” said Neoh.

Meanwhile, Trinity Group’s ongoing project Trinity Aquata in Sungai Besi is seeing encouraging sales.

The project consists of two 26-storey condominium blocks with a total of 492 units.

“So far, we have achieved 95% sales for Block A, which was launched in May last year, and 40% sales for Block B, which was launched about two months ago,” said Neoh.

Meanwhile, Neoh has set aside some RM150 million this year to increase the company’s landbank reserve in places such as the Klang Valley and Kuala Lumpur city centre.

“We are constantly looking for new areas to expand our landbank. We have looked at land in areas such as the Kuala Lumpur city centre but we have yet to find one which is suitable in size at an achievable gross development value for us,” said Neoh.

http://www.theedgeproperty.com.my/content/733948/trinity-group’s-new-condo-mont’kiara-coming
 
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