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TRX RESIDENCES @ TUN RAZAK EXCHANGE, KL International Financial District+MRT
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SUSNajibaik
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 Aug 24 2022, 09:09 PM
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QUOTE(Hermes Aspiration @ Aug 24 2022, 06:30 PM) It is still unknown until the project is completed and as our government under uncertainty, there are no clarity pursuant to this iconic development. As 118 is owned by PNB, they have some power to relocate some of their subsidiaries to here to just "fill up the empty space" but unknown to value added in terms of it's initiative or sustainable value to contribute to the development. 118's mall is slightly around or smaller than Lalaport Mall but smaller than TRX Mall who having rooftop park & garden. Hotel, KL 118 have Park Hyatt to occupy about 17-18 storey and TRX masterplan currently have 2 hotels like BBCC. TRX offers much more value compare to this KL 118 with it's strategic positioning and more corporate offices to enhance the value as Financial Hub and also benefited from it's surrounding. KL118 lose with it's infra and structure of the development positioning. Whether our waste money iconic projects can do or not, another story but just hope they can be success in future. yes that's what im thinking however 118 is just infront of petaling street so i guess it will more be like a iconic tourism insta building then tourists will just take photo and goes to petaling street ntg more |
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SUSNajibaik
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Aug 24 2022, 09:14 PM
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QUOTE(icemanfx @ Aug 24 2022, 08:55 PM) close to 900k psf, wait lavile vped and see how much will it be |
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icemanfx
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Aug 24 2022, 10:15 PM
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Cavatzu
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Aug 24 2022, 11:34 PM
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QUOTE(icemanfx @ Aug 24 2022, 08:55 PM) Weβre comparing sold prices while we were still deep in COVID? Regardless, land was sold to developers at these types of projected prices. So Maluri prices as a whole have lifted. Personally, I would not pay 1k psf for Cheras property but itβs PJ bias. This post has been edited by Cavatzu: Aug 25 2022, 07:16 AM |
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hopeful forever
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Aug 25 2022, 09:08 AM
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Getting Started
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Typical prices for cheras property is less than rm1kpsf apart fr FH SV1 small unit that were launched at rm1200 psf in 2012.
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Cavatzu
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Aug 25 2022, 09:37 AM
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QUOTE(hopeful forever @ Aug 25 2022, 09:08 AM) Typical prices for cheras property is less than rm1kpsf apart fr FH SV1 small unit that were launched at rm1200 psf in 2012. I was just rounding up. Most of the buildings like Continew, Cochrane and Una were touching 1k at launch no? Even now they are in the 900+ range. |
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hopeful forever
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Aug 25 2022, 08:44 PM
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Getting Started
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QUOTE(Cavatzu @ Aug 25 2022, 09:37 AM) I was just rounding up. Most of the buildings like Continew, Cochrane and Una were touching 1k at launch no? Even now they are in the 900+ range. Those service residences located near to KL at SV 1 & 2 and cochrane were hitting rm1k psf. But if go further deeper into cheras like arte cheras, ekocheras, youcity, emerald 9, prices will be sub rm800 psf. |
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wotpian
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Aug 26 2022, 01:09 PM
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QUOTE(Cavatzu @ Aug 24 2022, 09:29 AM) TRX is pretty much purely for work. Thatβs not really fun. 118 will have the tourism factor and imo will be quite a bit more βfunβ. 118 near Jalan Sultan there. Expected should have more tourists crowd. TRX near TREC. After works, a place for office workers drink alcohol blow water and clubbing. Especially Friday night. Or hopping till pavilion kl. Also quite close. And from pavilion kl there can walk to most happening Paramount Club in whole klang valley. This post has been edited by wotpian: Aug 26 2022, 01:10 PM |
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wotpian
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Aug 26 2022, 01:25 PM
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QUOTE(icemanfx @ Aug 24 2022, 09:12 AM) 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. Still ok lar. Many Huawei high pay expats here also love stay near office. Last time near icon. Now maybe near TRX. Got prince court hospital nearby, many embassies still around. Stay near better, you also know traffic to KL really jam. |
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flight
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Aug 26 2022, 01:41 PM
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Anyway, i think trx and its proximity to the city centre. Basically it is the new cbd, is likely to mean that over time it will fill up.
There is a big occupancy problem now though, so its likely to take some time.
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hopeful forever
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Aug 29 2022, 06:58 PM
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Getting Started
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QUOTE(flight @ Aug 26 2022, 01:41 PM) Anyway, i think trx and its proximity to the city centre. Basically it is the new cbd, is likely to mean that over time it will fill up. There is a big occupancy problem now though, so its likely to take some time. TRX long term is expected to grow in terms of occupancy. It will take another 10 years before reaching its full potential. Most of the 70 acre land in TRX have been sold to individually to developers. It is the government's aspiration to see TRX be a success. |
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wotpian
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Aug 29 2022, 08:17 PM
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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.
This post has been edited by wotpian: Aug 29 2022, 08:55 PM
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icemanfx
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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. 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 |
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wotpian
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Aug 29 2022, 09:10 PM
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QUOTE(icemanfx @ Aug 29 2022, 09:00 PM) 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? For you always like oversea moon better than local moon.π₯΄ 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 π Let's wait for the facts and data in future to show if you're right π This post has been edited by wotpian: Aug 29 2022, 09:13 PM |
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Cavatzu
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Aug 29 2022, 09:17 PM
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QUOTE(wotpian @ Aug 29 2022, 09:10 PM) For you always like oversea moon better than local moon.π₯΄ 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 π Let's wait for the facts and data in future to show if you're right π In the overseas city centres particularly Western ones, the premium to live in a city is huge but the connectivity ainβt great so very tangible time benefits to being close to work. KL considered quite blessed with the relatively new transport system but most people choose to drive anyway. |
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icemanfx
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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.π₯΄ 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 π Let's wait for the facts and data in future to show if you're right π 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. |
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icemanfx
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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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wotpian
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Aug 29 2022, 10:05 PM
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QUOTE(icemanfx @ Aug 29 2022, 09:47 PM) 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? I knew huawei China staff department head stay more than 3 years or more. Not sure consider short term for you. He stay near icon where old huawei office, driving brand new 7 series under his name. Family kids also here. Soon may move near to trx. I also knew some huawei China staff come here stay nearby trx soon signed for at least 1 year rental contracts. To you short or long I not sure lar. Sure got long term expats want to stay. Here not some ulu place. Just how many will stay, see how lor when everything there. Yup, Seibu under Sogo. A higher standard brand. Not bad lar. Hope they can do well. Although Japan brand competitiveness has drop quite some... Hope still doing OK in South East Asia. This post has been edited by wotpian: Aug 29 2022, 10:26 PM |
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Babizz
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Aug 30 2022, 11:09 AM
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Only hope for rental is Hua***. Other companies there the expats won't pay so much for rent n very few expat.
Anyway if want to ride on trx better buy velocity. Less than 1/3 the price but only 1 station away. Can see this TRX residence performance upon vp. For now the tower occupancy is still less than 15%. Even with H doubt can even reach 45%.
This post has been edited by Babizz: Aug 30 2022, 11:14 AM
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Cavatzu
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Aug 30 2022, 11:33 AM
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QUOTE(Babizz @ Aug 30 2022, 11:09 AM) Only hope for rental is Hua***. Other companies there the expats won't pay so much for rent n very few expat. Anyway if want to ride on trx better buy velocity. Less than 1/3 the price but only 1 station away. Can see this TRX residence performance upon vp. For now the tower occupancy is still less than 15%. Even with H doubt can even reach 45%. Can say that KL rents are a drop in the ocean compared to Shenzhen rents. It actually makes more sense to house more of them here if ASEAN is to be a focal point for their strategy going forward. The stuff around TRX isnβt that China friendly. Reckon more of them would go to the Velocity area. This post has been edited by Cavatzu: Aug 30 2022, 11:35 AM |
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