Jul 29 2013, 08:02 AM
From star 27 jul 2013
LRT, MRT are the best maps for hunting worthy property FOR those who have attended talks by reputable local mapmaker Ho Chin Soon, they would know by now that his mantra goes like this: "Follow the infrastructure." That being the case, light rail transit (LRT) and mass rapid transit (MRT) trails are the best maps for anyone hunting down that property with good appreciative value. When the train starts running, Ho of Ho Chin Soon Research says, students and expats or anyone who cannot afford their own place and relies on public transportation would rent around train stations. "And if rent yield is good, that means price will be good for the property," he says after a talk on Bukit Jalil as a strategic location, hosted by Trinity Group Sdn Bhd. "With developments extending to Sungai Buloh and Cyberjaya, Bukit Jalil is a central area within Klang Valley." Using the Kinrara Army Camp as a centre of gravity, Bukit Jalil sits within a 22km radius - what Ho dubs the first-tier location that captures ample medical facilities available. What more it has two new LRT stations in construction and many road improvements underway, and the effect will spillover to surrounding areas like Puchong too. North of Bukit jalil, Overseas Union Garden (OUG) is reported to site the monorail extension which is proposed to run from KL Sentral, through Old Klang Road and snake all the way to Bandar Sunway. "Currently the average growth for Kuala Lumpur house price is 6.71% per annum. Buyers can expect a good return on investment in a mere five years once all the roads and rail projects are completed." Boutique developer Trinity Group - not to be confused with Trinity Corp Bhd - has hit the nail on the head with its Bukit Jalil residential high-rise which are taking shape alongside the Bukit Jalil LRT extension just a stone's throw away. The latest to be launched by the company, Z Residence will be close to two LRT stations, one only 350 m away while the other about 500 m away. "Not only the LRTs are here, the road improvements around the area are 70% to 80% completed," Ho says of the development. Furthermore, a Chinese school will be relocated to Bukit Jalil from Jalan Ampang, enhancing a family-friendly environment. The freehold Z Residence can be seen starkly from the Shah Alam Highway, sited adjacent to Kiara Residence which is leasehold. Access to this enclave is not limited to the LRTs and roads from the Bukit Jalil end but also via Jalan Awan Besar and a smaller link via Jalan Awan Cina from OUG. The 1136-unit Z Residence, targeted to be completed in June 2014, has a 95% take-up rate since its official launch in August 2011. "The positive response to the project signals a robust demand for developments situated within a strategic location with great infrastructure, facilities and for products with cutting-edge concepts and themes," general manager Ng Ching Yee says. As for the other ongoing development Zeva @ Equine South, 92% has been taken up since its launch in September 2012, a reflection of the growing appeal for mixed-use developments. Zeva is targeted to be completed in June 2015. Ng also reveals that Trinity has another condominium project in the pipeline, targeted to be launched in the first quarter next year. "We will be launching a new project sited on a 1.41ha freehold land in Sungai Besi. We are not able to share much about the project at this point of time but it will carry Trinity's hallmark of high quality and high value with a stylish edge," she says. One thing is for sure, Trinity will stick by its philosophy of building affordable high-end products. "We believe that property buyers today are not driven by price but value and innovation is key to creating value for our customers. Good design can lower cost, attract attention and communicate value to the intended target audience." In value-adding its customers, Trinity has made a RM3mil investment to improve the connectivity to Z Residence immediately when the project is completed. The missing link it is building to connect the development to Bukit Jalil Highway will benefit the entire vicinity. This is not the first time the group has worked out assessibility to its projects. For its Zest @ Kinrara 9 project completed and handed over early last year, Trinity also erected a RM7mil access ramp to ease the traffic congestion towards the development. "We were certain that with the improved accessibility and connectivity, the property price in the vicinity would be greatly enhanced. True to our expectations, the price of the serviced apartments generally shot up to 89% higher than the developer's price right after vacant possession." As a indication, Zest, which sold at RM250,000 for a 1,213 sq ft unit in 2009, has a sub-sale price of RM530,000 today. The four-block Z Residence is priced at RM452 to RM525 per sq ft, more affordable than neighbouring projects like Exsim Development Sdn Bhd's Twin Arkz at RM700 per sq ft and Berjaya Properties' KM1 at RM650 per sq ft. Z Residence has five layouts to choose from, ranging from 1,032 sq ft to 1,407 sq ft. Separately, Trinity has been on the hunt for overseas ventures as well, particularly in Asia. "We definitely have plans to look into the international market as that is the only way to expand," Ng says. She adds that the group is in talks with a few landowners and joint-venture partners. At the moment, the promising deals are now centred in China and Singapore while Cambodia and Thailand remain potential countries. As for what Trinity intends to build overseas, Ng says it would depend on the target market and pricing when the time comes. "Currently, we are studying several proposals from our joint-venture partners but we have not decided on anything concrete. So we don't think that we will have any overseas projects coming on stream next year."
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