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 TRX RESIDENCES @ TUN RAZAK EXCHANGE, KL International Financial District+MRT

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icemanfx
post Oct 5 2019, 12:17 AM

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QUOTE(kingstonray @ Oct 5 2019, 12:08 AM)
what make you thought local people cant afford? a lot of local can afford it...u cant doesnt mean others cant...
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QUOTE(Captain89 @ Oct 5 2019, 12:12 AM)
Agree with you 100%
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According to wealth report, only about 3.5% of adults in this country have over us$100k net worth.

http://www.krinstitute.org/assets/contentM...RI_SOH_2018.pdf

This post has been edited by icemanfx: Oct 5 2019, 12:21 AM
icemanfx
post Oct 5 2019, 12:54 AM

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QUOTE(Yggdrasil @ Oct 5 2019, 12:30 AM)
Read back my post:
Anyone can buy the smallest TRX unit if they sell the house they are currently staying and top up. I would say even rich people with money will think twice about this project.

I know a family member that has enough money to buy nine 475 square feet TRX units with CASH if he were to liquidate everything e.g. stocks, fixed deposit, commercial properties, residential properties. I actually told him about this project.

Yet, he is not interested to buy. Why? Because it's not worth the money at the moment. Paying almost RM1m for a chicken coop is ridiculous.

The ultra wealthy would rather buy a land in Bukit Tunku and build their own mansion there.
Agreed. Again, most people in Malaysia driving fancy cars but all on loan. Once they lose their jobs, GG.

I know someone renting a double story house that has 9 people living inside but driving Toyota, Honda, lulz.
My area also has many people renting room but driving Civic, Vios  rclxms.gif
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For reasons, households debts in this country is at elevated level.
icemanfx
post Oct 5 2019, 06:30 PM

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Property is not the only investment opportunity available. High net worth individual have many choices. At current market sentiment, property investment is probably the least favourable especially overpriced property and among businessmen.

This post has been edited by icemanfx: Oct 5 2019, 06:31 PM
icemanfx
post Oct 6 2019, 09:45 PM

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QUOTE(kingstonray @ Oct 6 2019, 08:52 PM)
you continue report...and be a coward..tall kok sing song yea
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Attached Image
icemanfx
post Oct 6 2019, 10:38 PM

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QUOTE(bigman @ Oct 6 2019, 10:36 PM)
Aunty icey start showing the place she doing business... At night.... Hmmm
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Part time banquet waitress.

This post has been edited by icemanfx: Oct 6 2019, 11:28 PM
icemanfx
post Oct 11 2019, 11:19 AM

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QUOTE(kbandito @ Oct 11 2019, 11:02 AM)
sorry but what’s so great about Majestic?
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Pay a reasonable wages.
icemanfx
post Nov 19 2019, 11:26 AM

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QUOTE(Proxxymax @ Oct 22 2019, 11:53 PM)
If you think TRX Residences at MYR2,200 psf is expensive, let's look at our ASEAN neighbors.

According to Asian Correspondent citing Knight Frank, Singapore prime housing for 2018 rose 9.1% to USD2,533 psf or MYR10,638; Jakarta USD393 or MYR1,651 psf; Bangkok USD1,008 or MYR4,236 psf; Manila USD511 or MYR2,147. This is only slightly above Manila, followed by Jakarta. I believed we can generally agree that in terms of infrastructure, education level, political and societal stability, Malaysia does ranked better than these 2 neighbors. The upside if we just compare to Bangkok, we are almost half of Bangkok, and one fifth of Singapore only! Is MYR2,200 really that expensive now? When you buy a property, don't you want future gain too? KL properties still have so much room to grow, and we haven't even compare to Ho Chih Minh yet!

Given the rare freehold title in KL,  locale of a financial center that can accommodate 22,000 financial workers (i.e. high rental opportunity), direct accessibility of 2 MRT interchanges (SBK & SSP lines, so far the only station where 2 different lines interchange), direct link to SMART Tunnel, 10 acres of open field which can turn into exhibition and concert arena, 3 departmental stores, cineplexes, KLCC and Selangor Golf Club views, short distance to shopping malls of KLCC and Pavilion, modern hospitals of Prince Court and Gleneagles, Jalan Ampang Embassy Row, international schools, Italian designed kitchen cabinets (and island for 2-room units) among others, is MYR2,200 really that expensive?
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if cheap price is the factor, why not buy in muadzam shah, teriang, kuala lipis, etc?

icemanfx
post Nov 21 2019, 12:26 AM

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QUOTE(jessicalee76 @ Nov 20 2019, 08:07 PM)
heard that a lot of PRCs buying .rclxub.gif  rclxub.gif  rclxub.gif
another empty building in the making.
rental yield? I dont think so.
if you are expecting expats. how many expats are you expecting? only four buildings confirmed. HSBC-maybe, affin bank-local, prudential- possibly, Exchange- what is the occupancy rate again?
think twice people. rental yield expected to be 4% only.
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As if these prc could send money out from china without restriction.

icemanfx
post Nov 21 2019, 10:50 PM

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QUOTE(nexona88 @ Nov 21 2019, 06:43 PM)
ooh almost same like happen in cyberjaya..
mini PRC in Malaysia land  devil.gif
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Nearly 700 Chinese nationals have been detained in Malaysia after the Immigration Department raided the call centre of a suspected online scam syndicate based in the science park town of Cyberjaya.

https://www.scmp.com/week-asia/economics/ar...ting-wechat-pay
icemanfx
post Dec 14 2019, 11:34 AM

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QUOTE(TRX.Jayden @ Dec 14 2019, 11:25 AM)
Check out here for more info about TRX and it's Residency

Currently is the best investment project located in KL City
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The best by what account? Cheaper than mv, highest rental yield, highest price appreciation?

This post has been edited by icemanfx: Dec 14 2019, 02:04 PM
icemanfx
post Dec 23 2019, 07:59 PM

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QUOTE(Johnsmith1175 @ Dec 19 2019, 10:40 AM)
Check this out a luxury condo unit in Shenzen China that cost USD300mil and selling like hot cake. Only the main entrence door of the unit already cost more than USD100k. Just the door price can already buy a nice decent condo unit in kv.

https://youtu.be/Br9hFr1OccE

This could be why I knew many China friends, they look at the KLCC U-thant area property keep saying cheap cheap damn too dirt cheap.
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If u-thant is cheap, should compare with temerloh, raub, gua musang, etc even cheaper.

QUOTE(jessicalee76 @ Dec 23 2019, 04:36 PM)
* come on

Well of course it's cheap for China, which is why I am saying. China people are going to flood the place.
and then the whole development will be cheapen.
it's all about perception. I dont care how much is the steamboat cost seriously.

when the whole street is steamboat, it's no longer the ambiance that Im looking forward.
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perception could be misleading.

“Reality is not a children’s matinee or the handing out of mandarin oranges,” “In other words, things simply don’t look like you thought they do, like you wanted them to, like you expected them to.” by Mr. Pavlovsky

QUOTE(Johnsmith1175 @ Dec 23 2019, 06:11 PM)
If you been to Shanghai recently, all the highend Chinese cuisines are far beyond the Malaysian can imagine. Not just only steamboat. The food quality, restaurant environments and food presentation very top notch but in subtle way.
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malaysians know only hawker stall foods.

QUOTE(DavidKool @ Dec 23 2019, 06:45 PM)
TRX sales persons need to learn a lot of service quality and knowledge. Selling 2500 per sq foot and seems frustrated to provide more info.

Can't answer me whether it is 3 or 5 blocks and how many more other resi development beside this TRX Residency and Core Residences.
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If he tells many more blocks to come, you are unlikely to book.

This post has been edited by icemanfx: Dec 23 2019, 11:07 PM
icemanfx
post Dec 25 2019, 11:03 AM

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QUOTE(DavidKool @ Dec 25 2019, 10:52 AM)
Exactly, I went back to KL earlier this year and went to their sales gallery, it's closed and called a number given placed on the board. Unfriendly tone (believe not from sales background before) and said not open for public but to invited guests and literally ask me don't come back again.

I dislike their attitude of sales, i forgot the 2 girls that served me and my friend, asked when is the actual launch and price confirmation, almost entire reply is don't know with frustration tone, it's not like one, two or three years later but already collecting cheques in HK while pending APDL, at least just answer me soon, or within 2 months.

The only slightly better way than Pavilion Damansara Heights is, they will accompany you as long as you are there, acknowledged you the feeling that she believed we wont buy. If Pavilion, basically they doesn't even want to talk or serve you.
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The harder to get, more people wanted to get, often at overpriced e.g berkin bag, rolex daytona, etc, a fomo tactic.

This post has been edited by icemanfx: Dec 25 2019, 11:04 AM
icemanfx
post Dec 25 2019, 12:12 PM

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QUOTE(DavidKool @ Dec 25 2019, 11:37 AM)
It is just a matter of time they need to reveal the actual masterplan of entire TRX. But just comment for TRX Residence by Lendlease alone, their earlier masterplan is 6 blocks and 2480 units but in HK, they show only 3 blocks and claimed that Phase 1 is 900 units from 2 blocks and next Phase is one block of 300 units. The project is inspired but too much discrepancy.
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Typical for developer to present limited supply else fomo crowd will wait and see.

QUOTE(DavidKool @ Dec 25 2019, 11:41 AM)
Haha, it's not hard to buy as the units are there but just too hard to get any actual information of the property. I not sure if they have obtained their APDL because most of their HK buyers already cancelling the cheques and bought other projects.
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If one knows where to look can find the master development plan. However, developers almost always only share information advantage to them. A reason why property market is the least transparent among all investment assets.

This post has been edited by icemanfx: Dec 25 2019, 12:13 PM
icemanfx
post Dec 25 2019, 03:14 PM

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QUOTE(Zwean @ Dec 25 2019, 03:07 PM)
Some properties are trophies.

Just like how the Toyota CHR is a trophy car.

Different target market.
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Trophy asset often doesn't give meaningful financial return and mostly bought with excess cash. Buying trophy assets with borrowing is a recipe for financial ruin.

Toyota chr is not a trophy car by any means.

This post has been edited by icemanfx: Dec 25 2019, 03:17 PM
icemanfx
post Dec 26 2019, 10:50 AM

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QUOTE(Zwean @ Dec 26 2019, 10:28 AM)
The rich don't need to borrow to buy. Hence, trophy asset.
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Those could buy cash have many choice and more likely to buy in london, dubai, sydney, sg, nyc, hongcouver, hcm city, etc than kl.

icemanfx
post Dec 29 2019, 11:05 AM

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QUOTE(Zwean @ Dec 29 2019, 10:03 AM)
You’d be surprised.

One guy I know has properties globally, and a few in premium locations. Pavilion, Mont Kiara, Bangsar, Pavilion Damansara Heights.

All purchased with cash.

So yes, different target market.
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Only politicians and their families from previous government would buy as such.
icemanfx
post Dec 29 2019, 11:45 AM

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QUOTE(Zwean @ Dec 29 2019, 11:43 AM)
Not a politician and not related to them.
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Non politician won't buy as such.
icemanfx
post Dec 29 2019, 12:20 PM

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QUOTE(Zwean @ Dec 29 2019, 11:47 AM)
Perhaps it’s time you recognize that the wealthy are not only politicians.
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Typical agent talk.

Kv property return in last few years has been poor. If equivalent sum was invested somewhere else, return could have been significant. Anyone is sensible with money is unlikely to consider kv poorperly in current market sentiment.

People in that wealth group would buy commercial, land or bungalow in bukit Damansara, Tropicana rather than overpriced high rise.

This post has been edited by icemanfx: Dec 29 2019, 01:14 PM
icemanfx
post Jun 3 2020, 12:55 AM

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http://idaman2.kpkt.gov.my:8888/idv5/98_eH...RX%20RESIDENCES

896 units, no sales reported yet to kpkt as of this afternoon.

icemanfx
post Jun 3 2020, 01:56 AM

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QUOTE(xIncite @ Jun 3 2020, 01:50 AM)
Launch already? Never saw any posts about it
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https://goldenemperor.com/others/projects/t...residences-eng/

http://www.ashtonhawks.com/properties/trx-residences/

https://www.dpggroup.com.hk/property/core-residence-trx/

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