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Investment TRION KUALA LUMPUR, JALAN SUNGAI BESI, Triple Towers: The Dazzling Urban Centre

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DesRed
post May 20 2019, 11:00 PM

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QUOTE(Asali @ May 20 2019, 08:03 PM)
rclxms.gif
Does that mean developer making use of bulk purchase list to show and gain Banks support to sell future price?
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Possibly, but not sure what the banks have to do with this.

So let's say if I sell my current property at a higher price than what the bank(s) values it? What can the bank(s) do? Nothing.
icemanfx
post May 20 2019, 11:28 PM

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QUOTE(Asali @ May 20 2019, 08:03 PM)
rclxms.gif
Does that mean developer making use of bulk purchase list to show and gain Banks support to sell future price?
*
QUOTE(DesRed @ May 20 2019, 11:00 PM)
Possibly, but not sure what the banks have to do with this.

So let's say if I sell my current property at a higher price than what the bank(s) values it? What can the bank(s) do? Nothing.
*
In the past, banks just followed whatever new launch price developers set. however, some banks have lately asked for valuers report before decide ltv to new launch.

vendors can sell at any price at his whim and fancy but buyer could only obtain loan approved by bank.

This post has been edited by icemanfx: May 20 2019, 11:53 PM
Bjorn1688
post May 20 2019, 11:37 PM

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QUOTE(DesRed @ May 20 2019, 11:00 PM)
Possibly, but not sure what the banks have to do with this.

So let's say if I sell my current property at a higher price than what the bank(s) values it? What can the bank(s) do? Nothing.
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Usually if it is the developer's panel bank then higher than average pricing won't be an issue.
Fat3Twister
post May 21 2019, 12:02 AM

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QUOTE(icemanfx @ May 20 2019, 11:28 PM)
In the past, banks just followed whatever new launch price developers set. however, some banks have lately asked for valuers report before decide ltv to new launch.

vendors can sell at any price at his whim and fancy but buyer could only obtain loan approved by bank.
*
in the past like 20 years ago?
alandhw
post May 21 2019, 08:59 AM

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what is the biggest potential of Trion project? Future development of Bandar Malaysia?
DesRed
post May 21 2019, 10:31 AM

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QUOTE(alandhw @ May 21 2019, 08:59 AM)
what is the biggest potential of Trion project? Future development of Bandar Malaysia?
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That's one, but more like a bonus than an actual potential at this stage.

The only few potentials I can think of is not-so-close to the CSL LRT/MRT2 interchange (circa 8xxm), but there will be a shuttle bus provided by the developer for that (subject to JMB decision), and its close driving distance to TRX and the city itself.

And the other plus is in case you need to service/repair your vehicle, the service centres are next door or a block or two away.
gks
post May 21 2019, 10:58 AM

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QUOTE(DesRed @ May 21 2019, 10:31 AM)
That's one, but more like a bonus than an actual potential at this stage.

The only few potentials I can think of is not-so-close to the CSL LRT/MRT2 interchange (circa 8xxm), but there will be a shuttle bus provided by the developer for that (subject to JMB decision), and its close driving distance to TRX and the city itself.

And the other plus is in case you need to service/repair your vehicle, the service centres are next door or a block or two away.
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It is more than 1km away. The prob it is industry area with plenty of heavy vehicles passing by. The sidewalkway is uncovered.
alandhw
post May 21 2019, 11:32 AM

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QUOTE(DesRed @ May 21 2019, 10:31 AM)
That's one, but more like a bonus than an actual potential at this stage.

The only few potentials I can think of is not-so-close to the CSL LRT/MRT2 interchange (circa 8xxm), but there will be a shuttle bus provided by the developer for that (subject to JMB decision), and its close driving distance to TRX and the city itself.

And the other plus is in case you need to service/repair your vehicle, the service centres are next door or a block or two away.
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haha....seems like no selling point at all..
DesRed
post May 21 2019, 11:37 AM

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QUOTE(gks @ May 21 2019, 10:58 AM)
It is more than 1km away. The prob it is industry area with plenty of heavy vehicles passing by. The sidewalkway is uncovered.
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Not going to deny that, but there are some folks who argued its less than that, and I myself have tried walking at a similar distance from the TCEAS there and its around 1km ish. That's why I said 'not-so-close'.

And I also did mention previously that the uncovered sidewalk is prone to cars parking on it near the walkway to the CSL LRT station. Hopefully the gov't will put fences on the side to prevent that if they want it to last longer.
KingofProp
post May 21 2019, 01:01 PM

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Regardless on how big is the land, how good is the facilities.
1000+ units is a formula to doom.
first of all it is very Difficult to fill up the units.Even if you fill up 400 units the condo will still look like very empty.

Second, even if u fill upand reached a 70% healthy occupancy rate, with so many ppl staying inside, it will be extremely difficult to maintain the facilities.

you all may go and survey around those condos with 1000+ units in the market then you will know what i mean.

the price of the maintenance keep shooting up every 2 years but the property price either stagnant or drop only.


Asali
post May 21 2019, 01:19 PM

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QUOTE(KingofProp @ May 21 2019, 01:01 PM)
Regardless on how big is the land, how good is the facilities.
1000+ units is a formula to doom.
first of all it is very Difficult to fill up the units.Even if you fill up 400 units the condo will still look like very empty.

Second, even if u fill upand reached a 70% healthy occupancy rate, with so many ppl staying inside, it will be extremely difficult to maintain the facilities.

you all may go and survey around those condos with 1000+ units in the market then you will know what i mean.

the price of the maintenance keep shooting up every 2 years but the property price either stagnant or drop only.
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The electricity bill is the bigger contribution to hike maintenance fees in most condos.
KingofProp
post May 21 2019, 01:38 PM

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QUOTE(Asali @ May 21 2019, 01:19 PM)
The electricity bill is the bigger contribution to hike maintenance fees in most condos.
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and also faster wear and tear.

you will be amazed on how fast the flooring get scatched. Electromagnetic door locks get spoiled and also cigarette buds everywhere.

alandhw
post May 21 2019, 02:04 PM

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QUOTE(KingofProp @ May 21 2019, 01:01 PM)
Regardless on how big is the land, how good is the facilities.
1000+ units is a formula to doom.
first of all it is very Difficult to fill up the units.Even if you fill up 400 units the condo will still look like very empty.

Second, even if u fill upand reached a 70% healthy occupancy rate, with so many ppl staying inside, it will be extremely difficult to maintain the facilities.

you all may go and survey around those condos with 1000+ units in the market then you will know what i mean.

the price of the maintenance keep shooting up every 2 years but the property price either stagnant or drop only.
*
any specific condos to refer?
pinksapphire
post May 21 2019, 03:15 PM

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QUOTE(alandhw @ May 21 2019, 08:59 AM)
what is the biggest potential of Trion project? Future development of Bandar Malaysia?
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The view at high floors. There will be people wanting to get panaromic view of KLCC, KL Tower, The Exchange 106 and PNB118.

Location, it's near to KL city centre, not right smack which is good cuz there are way too many condos already and quite congested. Plus, it would be too expensive anyway if it's in that vicinity. Bandar Malaysia revival is a plus point cuz it serves as a decent alternative rather than the ones within BM itself, like RC Residences...too constipated in my opinion.

Pricing, Trion is competitively priced for its location that's not far away from city centre, and nearby most of the new landmark buildings (one can only hope there's more companies moving into them), with 70% furnishings, which to me more people working in that area are able to own/rent. I can remember a 800sqft high floor sells for ~680k after rebates. But I'm surprised many had taken up lower floors too although there's little view, perhaps they're way cheaper to resist (~500k entry price).

Developer, it's Binastra Land's flagship project...they should, fingers crossed, build to their highest standards and care tongue.gif

One can debate about many pros and cons to this project, but in my humble opinion in front of all masters here, just buy if you feel good about it - or look elsewhere if you're not convinced. It's extremely hard to predict what happens in the next few years. The light industrial areas may be relocated...or end up staying. People are convinced with surroundings areas' development, like how Sunway Velocity 2 performed eventhough they're more expensive with bare units.

alandhw
post May 21 2019, 04:11 PM

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QUOTE(pinksapphire @ May 21 2019, 03:15 PM)
The view at high floors. There will be people wanting to get panaromic view of KLCC, KL Tower, The Exchange 106 and PNB118.

Location, it's near to KL city centre, not right smack which is good cuz there are way too many condos already and quite congested. Plus, it would be too expensive anyway if it's in that vicinity. Bandar Malaysia revival is a plus point cuz it serves as a decent alternative rather than the ones within BM itself, like RC Residences...too constipated in my opinion.

Pricing, Trion is competitively priced for its location that's not far away from city centre, and nearby most of the new landmark buildings (one can only hope there's more companies moving into them), with 70% furnishings, which to me more people working in that area are able to own/rent. I can remember a 800sqft high floor sells for ~680k after rebates. But I'm surprised many had taken up lower floors too although there's little view, perhaps they're way cheaper to resist (~500k entry price).

Developer, it's Binastra Land's flagship project...they should, fingers crossed, build to their highest standards and care tongue.gif

One can debate about many pros and cons to this project, but in my humble opinion in front of all masters here, just buy if you feel good about it - or look elsewhere if you're not convinced. It's extremely hard to predict what happens in the next few years. The light industrial areas may be relocated...or end up staying. People are convinced with surroundings areas' development, like how Sunway Velocity 2 performed eventhough they're more expensive with bare units.
*
Compare to Sunway Velocity 2, Chan Sow Lin areas do not have any shopping malls..
aaron1717
post May 21 2019, 04:14 PM

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QUOTE(alandhw @ May 21 2019, 04:11 PM)
Compare to Sunway Velocity 2, Chan Sow Lin areas do not have any shopping malls..
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if got mall and direct linked to lrt.... still sell you at this pricing ka? continew also selling 1000psf for chicken nest location....
Bjorn1688
post May 22 2019, 12:28 AM

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QUOTE(alandhw @ May 21 2019, 08:59 AM)
what is the biggest potential of Trion project? Future development of Bandar Malaysia?
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My take? This project is a zero potential.

Own stay? The layouts aren't that conducive to raise a family especially smaller units.

AirBNB? Hmmmm I'd imagine the developer would prohibit it like they do in Citizens 1 & 2. Same developer.

Mall? Traditionally no malls or commercial areas have done well in Sg Besi.

Location? A bit scary for me but convenient to an extent as you won't be far away from many places. Just good luck getting home when it rains.

Sunway Velocity 2 is still the one to go for, everything is there just the price tag a bit on the high side. Personally for this area the one to wait for is PV-Mira residence if the rumoured price is as cheap as they say it would be.

QUOTE(DesRed @ May 21 2019, 10:31 AM)
That's one, but more like a bonus than an actual potential at this stage.

The only few potentials I can think of is not-so-close to the CSL LRT/MRT2 interchange (circa 8xxm), but there will be a shuttle bus provided by the developer for that (subject to JMB decision), and its close driving distance to TRX and the city itself.

And the other plus is in case you need to service/repair your vehicle, the service centres are next door or a block or two away.
*
Is the shuttle bus being provided for residents or also for the mall's potential customers as well as those working at the mall and hotel patrons?

Hmmmmm maybe those car service centres should offer "napping" points as part of their customer service. Especially all the Naza managed brands.

Asali
post May 22 2019, 09:05 AM

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QUOTE(alandhw @ May 21 2019, 08:59 AM)
what is the biggest potential of Trion project? Future development of Bandar Malaysia?
*
Future development of Bandar Malaysia definitely a plus point but need 10 or 20 years? The dual keys unit looks good to me. Beside got one mini mall built by Mahsixxxx icon_idea.gif ....


Not too difficult to check the rental within Sunway Velocity, surroundings, bla bla... I mean the things are there for you to compare.
waiwai79
post May 22 2019, 01:56 PM

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QUOTE(Bjorn1688 @ May 22 2019, 12:28 AM)
My take? This project is a zero potential.

Own stay? The layouts aren't that conducive to raise a family especially smaller units.

AirBNB? Hmmmm I'd imagine the developer would prohibit it like they do in Citizens 1 & 2. Same developer.

Mall? Traditionally no malls or commercial areas have done well in Sg Besi.

Location? A bit scary for me but convenient to an extent as you won't be far away from many places. Just good luck getting home when it rains.

Sunway Velocity 2 is still the one to go for, everything is there just the price tag a bit on the high side. Personally for this area the one to wait for is PV-Mira residence if the rumoured price is as cheap as they say it would be.
Is the shuttle bus being provided for residents or also for the mall's potential customers as well as those working at the mall and hotel patrons?

Hmmmmm maybe those car service centres should offer "napping" points as part of their customer service. Especially all the Naza managed brands.
*
Not perfect... But consider freehold, design, location and price range RM700psf, got room for appreciate in future.
pinksapphire
post May 22 2019, 05:28 PM

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QUOTE(Bjorn1688 @ May 22 2019, 12:28 AM)
AirBNB? Hmmmm I'd imagine the developer would prohibit it like they do in Citizens 1 & 2. Same developer.
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From what I recalled as told by SA...no prohibition as developer expects Trion to cater alot for tourists, short termers and thus, Airbnb is allowed. The residents can also use Mercure's room service as in ordering of foods to be sent to them (eventhough they're not hotel guests).

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