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

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icemanfx
post Jun 3 2020, 11:23 AM

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QUOTE(xIncite @ Jun 3 2020, 10:40 AM)
Saw these but never see any local news. Takkan they launch in HK only?
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typical developer strategy, launched a tower overseas and claimed fully sold locally, and vv.

icemanfx
post Jun 4 2020, 12:20 PM

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QUOTE(poilam @ Jun 4 2020, 12:11 PM)
I am going conduct a free webinar to discuss on game changer development along MRT lines which would at least drives 2 rounds of capital appreciations. Welcome to join my webinar
https://event.webinarjam.com/channel/proplabMRT
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How much has property near mrt line 1 stations has appreciated since mrt line 1 in operation?

icemanfx
post Jun 29 2020, 09:29 AM

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QUOTE(chat chat @ Jun 29 2020, 06:46 AM)
waiting for lelong after completion few years.
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The curse of skyscraper. When klcc was completed, kl suffered; when burj Khalifa was completed, Dubai suffered. Kl will suffer for TRX and pnb118.
icemanfx
post Aug 4 2020, 10:18 PM

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QUOTE(bluke @ Aug 1 2020, 11:19 AM)
these are getting marketed in HK at 2500 psf...
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Majority will be sold in Hong Kong.
icemanfx
post Sep 18 2020, 08:42 PM

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QUOTE(dunhillmenthol @ Sep 18 2020, 07:48 PM)
No SPA is not true. They managed to arrange SPA signing within a month. I got a unit in hk.

Whether jump ship or not I am not sure. But did see people signing SPA when I was there. Lots of choices but they release the 2 bedroom ones to Hongkongers. For studio or single bedroom you need to ask..
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When was it?
icemanfx
post Sep 25 2020, 11:12 AM

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QUOTE(xander83 @ Sep 25 2020, 03:49 AM)
100% is outsource locally due to cheaper cost of marketing

For high end products like these there is no need marketing if it’s so attractive to position as financial hub

The best comparison is to compare Marina Bay Residence Tower when it was launched it was priced at the right time and right price which is able to lure out a lot HNW round the world

The downside is now are they able to deliver the commercial part of the project which is real soft since 2015 since Pavilion has shown then  rclxms.gif
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why hnw would consider kl not other metropolitan cities like nyc, london, sg, dxb, l.a, s.f, hongcouver, etc?
icemanfx
post Oct 4 2020, 12:02 PM

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TRX in its entirety are 3,800 residential units.

https://harpersbazaar.my/culture/get-ready-...52Mq0alOXpD_fe4
icemanfx
post Oct 15 2020, 05:45 PM

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QUOTE(ahkit123 @ Oct 15 2020, 04:57 PM)
looking fwd to the launching, best location for residential yet
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looking forward? they have launched. to book how many units?

This post has been edited by icemanfx: Oct 15 2020, 05:46 PM
icemanfx
post Oct 20 2020, 09:49 AM

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QUOTE(jinnyjin613 @ Oct 20 2020, 09:14 AM)
probably like trophy homes? but aren't generally projects in KL will have a higher percentage for foreigner than local malaysians? projects like 8 Conlay, Core Residences & BBCC etc also targeting foreigner mostly
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Trophy homes is something like in knightbridge, nyc central park, burj khalifa, etc not back water kl.

icemanfx
post Oct 21 2020, 11:41 PM

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QUOTE(DavidKool @ Oct 16 2020, 06:09 PM)
The best way to sell is actually they confused themselves to confuse all foreigners.

TRX Residences was named by Lendlease in their plot with 3800 units under 6 blocks. Seriously, wonderful architecture and planning but the numbers incredible scary with such pricing. They even used themselves a 2 towers of service aparments in HK without telling the future phases.

That's not included Core Residence 700+ units by WCT + CCCG and total within TRX City is actually 4500 units. And even though Core is not related to Lendlease at all but named itself a TRX condo, TRX city condo and such. Core lay-out seems look much more feasible and staffs seems better than TRX.

There are few more small plots to be confirmed as no buyer taking the en-bloc office deal and hence likely to sold to other developer to sell as service apartment like Core.
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QUOTE(swissalto @ Oct 21 2020, 11:13 PM)
Maybe firstly list down which are those projects with have over 2000 units and over RM1.2k psf. Even Trx residence (6 blocks) will have less than 2000 units I thought?

Then the definition of successful.
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icemanfx
post Jul 16 2021, 04:41 PM

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QUOTE(Babizz @ Jul 16 2021, 03:46 PM)
Hearsay since this 106 completed but occupancy of prime A+ ofis in KL city drop drastic bco this building is mostly empty. How will this residence performs?

https://www.theedgemarkets.com/article/edge...e-seen-rent-and
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A large portion is taken by PRC.

icemanfx
post Aug 24 2022, 09:12 AM

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QUOTE(wotpian @ Jun 23 2022, 07:48 PM)
The biggest selling point is most of the bank HQ and company HQ will base here in TRX.

Already HSBC HQ at TRX. It moved from damansara height to TRX.

Affin bank HQ, prudential HQ. Heard Bursa Malaysia wilI move here, if it's true will be good. more and more other HQ base here will make a boom here.

Is it worth rm2k persqf? see how it perform when the area almost mature. Pavilion kl just short distance walk from trx, some units at pavilion kl there already above rm3k persqf in subsale market if not wrong.

If many companies & banks HQ base at trx also can't sustain, I don't know what can do already. IMHO, overall potential at trx believe still better than 118 tower.
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Except foreigners on short term assignment/visit, how many executives want or live at or near office? NYC, London, Canary wharf, HK, sg, etc are examples.

This post has been edited by icemanfx: Aug 24 2022, 09:13 AM
icemanfx
post Aug 24 2022, 11:44 AM

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QUOTE(hopeful forever @ Aug 24 2022, 11:17 AM)
TRX will be having a shopping mall as big as Lalaport mall @ BBCC and the buying power of the executives in trx will be relatively high as generally the finance industry pays reasonably well.

TRX is under the purview of MOF and chances of growing will be good as it is under govt initiative..
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It could be more restrictive in activities e.g only halal food is allowed, non alcohol, mostly bumi outlets, etc.

icemanfx
post Aug 24 2022, 08:02 PM

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QUOTE(Cavatzu @ Aug 24 2022, 03:22 PM)
Well I think they have their intended purpose. That entire stretch of Cheras near TRX is now 1k psf. Downtown KL needed to be rejuvenated which revitalises that Pudu stretch. Created a lot of jobs and opportunities to squirrel money away.

However, these 2 things + BBCC all being completed around the same time is perhaps overkill and it would take a while to fill them up.
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Have price and no transaction is syok sendiri price.

icemanfx
post Aug 24 2022, 08:55 PM

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QUOTE(Cavatzu @ Aug 24 2022, 08:14 PM)
What do u mean? The entire Maluri is hinging on TRX and they’re selling well. Imagine how much of this land DBKL has sold at these development prices in what was once no man’s land.
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https://www.brickz.my/transactions/resident...dah/non-landed/

https://www.brickz.my/transactions/resident...uri/non-landed/

https://www.brickz.my/transactions/resident...ity/non-landed/

At 1k psf?
icemanfx
post Aug 24 2022, 10:15 PM

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user posted image

344 units sold vs 552 units unsold

https://idaman.kpkt.gov.my/idv5xe/98_eHome/...RX%20RESIDENCES

icemanfx
post Aug 29 2022, 09:00 PM

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QUOTE(wotpian @ Aug 29 2022, 08:17 PM)
Success of TRX can almost confirm, as long as no political issue involved.

With giant company like HSBC, Huawei, Prudential, Affin bank already moved in. Kimpton hotel by IHG group. Mall managed by Lendlease. Japan Seibu as anchor tenant.

TRX the first mix development in kl city come with Veolia technology as you can direct drink water from tap water.

2 mrt lines in 1 station. Some big companies also try to tap in near to trx development like TSLaw tower, GER Multibay tower with IHG Regent Hotel.
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Except expat on short term assignment, how many executive live near their place of work? Whether in NYC, London, HK, sg, Tokyo, Shanghai, Beijing, Frankfurt, Sydney?

This post has been edited by icemanfx: Aug 29 2022, 09:01 PM
icemanfx
post Aug 29 2022, 09:39 PM

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QUOTE(wotpian @ Aug 29 2022, 09:10 PM)
For you always like oversea moon better than local moon.🥴

Can't said local here is top notch compared to other, but also not that worse, many expats still like to stay around, like really high pay Huawei China staffs that I knew.

If really that bad, I don't think many global companies will come here too. Our mrt station definitely better than NYC and London 😉

Let's wait for the facts and data in future to show if you're right 😉
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MNC here is mostly for local operations not regional.

Most NYC and London mrt lines and stations were built in the last century. Some are over 100 years old. Kl MRT is certainly modern but not better in connection or coverage.

As said only expat on short term assignment would stay near office.
icemanfx
post Aug 29 2022, 09:47 PM

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HSBC, Huawei, Prudential, Affin bank are not new to kl. Where do their executive and staffs currently live? How many will relocate to or near TRX?

Seibu is a sister company of sogo. How many buy to live near sogo or seibu?

This post has been edited by icemanfx: Aug 29 2022, 09:57 PM

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