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

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DragonReine
post Feb 16 2024, 11:08 AM

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Shuttle schedule. Not bad, very convenient for guests/residents.
gks
post Feb 16 2024, 11:13 AM

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QUOTE(DragonReine @ Feb 16 2024, 11:08 AM)
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Shuttle schedule. Not bad, very convenient for guests/residents.
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If just a van, it will be occupied by those Airbnb guests.
DragonReine
post Feb 16 2024, 11:17 AM

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QUOTE(gks @ Feb 16 2024, 11:13 AM)
If just a van, it will be occupied by those Airbnb guests.
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I believe some kind of identification is required before boarding. But yes normally this kind of van is hogged by Airbnb 😅
gks
post Feb 16 2024, 02:00 PM

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QUOTE(DragonReine @ Feb 16 2024, 11:17 AM)
I believe some kind of identification is required before boarding. But yes normally this kind of van is hogged by Airbnb 😅
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In one of my properties this has become big issue as the service hogged by Airbnb guests, depriving other long term residents. You have to change by laws allowing only residents with ID-ed resident cards to use the service. I think it is too late for Trion to ban Airbnb given so many owners has rented their units to operators.
ykit0306xxx
post Feb 22 2024, 05:58 PM

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Any owners here looking for additional carpark in Trion?
my lot located at L3 Block C. Renting out
Can ws me: O11-35454134 Fran
hlprop
post Mar 4 2024, 01:22 PM

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Hi any 2bedroom unit owner here have fully furnish vacant unit avail to let? Have good pay master businesswoman client, exclusive client looking at this area, kindly pm if u have, tqv
DragonReine
post Mar 8 2024, 10:51 AM

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VP last July, after just 8 months already steep increase in maintenance fees.

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SUSNajibaik
post Mar 8 2024, 02:04 PM

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QUOTE(DragonReine @ Mar 8 2024, 10:51 AM)
VP last July, after just 8 months already steep increase in maintenance fees.

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PSU stands for what?
Cavatzu
post Mar 8 2024, 02:36 PM

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QUOTE(DragonReine @ Mar 8 2024, 10:51 AM)
VP last July, after just 8 months already steep increase in maintenance fees.

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Energy efficiency is going to be a big feature going forward. This is one thing in favour of newer projects.
PAChamp
post Mar 8 2024, 03:22 PM

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QUOTE(Najibaik @ Mar 8 2024, 02:04 PM)
PSU stands for what?
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Per Share Unit i believe.

All condos will be facing this. Not just new ones. However, the new ones will suffer more because when developer wants to sell, they will press down the service charges even before factoring in the inflation happening now. Once VP, developer not under much pressure to sell, so allow maintenance to go up to market rate.

My condo has done many things to raise revenue and cut costs thus able to keep maintenance low. Firstly cut off the management company and migrate all billing, accounting and database to the management office. Then implement energy saving ie. replace flourescent tube with energy savings and LEDs. Rent out advertising spaces in lifts billboards etc. Rent out some visitor car parks and common areas. Charge for some facilities. But you will need a dedicated team of owners to come into the committee to handle it.
DragonReine
post Mar 8 2024, 03:28 PM

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QUOTE(Najibaik @ Mar 8 2024, 02:04 PM)
PSU stands for what?
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Per Share Unit, as "sq ft" is not the formal measure of calculation of maintenance fees for strata living under SMA 2013, need to follow Schedule of Parcels.

https://www.iproperty.com.my/guides/schedul...s-malaysia-3762
DragonReine
post Mar 8 2024, 03:32 PM

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QUOTE(Cavatzu @ Mar 8 2024, 02:36 PM)
Energy efficiency is going to be a big feature going forward. This is one thing in favour of newer projects.
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Energy efficiency implementation is still rather limited for most high rise unless somehow can implement solar panels. A lot of the fancy little facilities and the high density favoured by commercial titled high rise cannot be included if want to be truly energy efficient.

Most Malaysian high rise on commercial title land moving forward will be facing the steep increase in cost for electricity costs.
SUSNajibaik
post Mar 8 2024, 04:13 PM

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QUOTE(DragonReine @ Mar 8 2024, 03:28 PM)
Per Share Unit, as "sq ft" is not the formal measure of calculation of maintenance fees for strata living under SMA 2013, need to follow Schedule of Parcels.

https://www.iproperty.com.my/guides/schedul...s-malaysia-3762
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yea i googled it about per share unit just doesn't understand how they calculated
cuz usually by per square feet is eg RM0.35 plus 10% sinking fund, but if PSU RM3.5 not sure how does that calculate
SUSNajibaik
post Mar 8 2024, 04:14 PM

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QUOTE(DragonReine @ Mar 8 2024, 03:32 PM)
Energy efficiency implementation is still rather limited for most high rise unless somehow can implement solar panels. A lot of the fancy little facilities and the high density favoured by commercial titled high rise cannot be included if want to be truly energy efficient.

Most Malaysian high rise on commercial title land moving forward will be facing the steep increase in cost for electricity costs.
*
many new launch serviced apartment will have solar panels at rooftop to somehow use natural sunlight to generate electricity to cover part of the cost
so far i see Trion & Trion 2 both also increase their maintenance fees by quite a lot very soon after vp

for trion 2 they even increased it from 44sen to 60sen before gotten key
jetzxp
post Mar 8 2024, 04:19 PM

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QUOTE(Najibaik @ Mar 8 2024, 04:13 PM)
yea i googled it about per share unit just doesn't understand how they calculated
cuz usually by per square feet is eg RM0.35 plus 10% sinking fund, but if PSU RM3.5 not sure how does that calculate
*
PSU will include accessory parcels like parking too.
jetzxp
post Mar 8 2024, 04:22 PM

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QUOTE(Najibaik @ Mar 8 2024, 04:14 PM)
many new launch serviced apartment will have solar panels at rooftop to somehow use natural sunlight to generate electricity to cover part of the cost
so far i see Trion & Trion 2 both also increase their maintenance fees by quite a lot very soon after vp

for trion 2 they even increased it from 44sen to 60sen before gotten key
*
The reason of maintenance fee increment they give for trion2 is exactly the same with trion1.
SUSNajibaik
post Mar 8 2024, 04:38 PM

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QUOTE(jetzxp @ Mar 8 2024, 04:19 PM)
PSU will include accessory parcels like parking too.
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the adjusted gap is not small tho
Cavatzu
post Mar 8 2024, 04:40 PM

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QUOTE(PAChamp @ Mar 8 2024, 03:22 PM)
Per Share Unit i believe.

All condos will be facing this. Not just new ones. However, the new ones will suffer more because when developer wants to sell, they will press down the service charges even before factoring in the inflation happening now. Once VP, developer not under much pressure to sell, so allow maintenance to go up to market rate.

My condo has done many things to raise revenue and cut costs thus able to keep maintenance low. Firstly cut off the management company and migrate all billing, accounting and database to the management office. Then implement energy saving ie. replace flourescent tube with energy savings and LEDs. Rent out advertising spaces in lifts billboards etc. Rent out some visitor car parks and common areas. Charge for some facilities. But you will need a dedicated team of owners to come into the committee to handle it.
*
Usually quite a bit of capital works to implement these new changes. And once again shared by lesser units generally with the older developments.

QUOTE(DragonReine @ Mar 8 2024, 03:32 PM)
Energy efficiency implementation is still rather limited for most high rise unless somehow can implement solar panels. A lot of the fancy little facilities and the high density favoured by commercial titled high rise cannot be included if want to be truly energy efficient.

Most Malaysian high rise on commercial title land moving forward will be facing the steep increase in cost for electricity costs.
*
Yea the commercial under HDA spec is used so widely that these price increases going forward may become a real issue. It might put preferential status back onto residential titled units. The differences may have been negligible before but maybe not now.

QUOTE(Najibaik @ Mar 8 2024, 04:14 PM)
many new launch serviced apartment will have solar panels at rooftop to somehow use natural sunlight to generate electricity to cover part of the cost
so far i see Trion & Trion 2 both also increase their maintenance fees by quite a lot very soon after vp

for trion 2 they even increased it from 44sen to 60sen before gotten key
*
That’s around 30% increase. Very big chunk of change for what still looks like a very average investment property. Everyone just needs to bleed once a month like half the population.

This post has been edited by Cavatzu: Mar 8 2024, 04:41 PM
DragonReine
post Mar 8 2024, 06:02 PM

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QUOTE(Najibaik @ Mar 8 2024, 04:13 PM)
yea i googled it about per share unit just doesn't understand how they calculated
cuz usually by per square feet is eg RM0.35 plus 10% sinking fund, but if PSU RM3.5 not sure how does that calculate
*
Sinking Fund works the same, 10% of the maintenance fees.

Instead of using purely square feet, SiFU (share unit formula) calculates from square meters of the unit+accessory parcels, and there is a different level of weight assigned per square meter depending on the total size of unit, type of property, type of unit, type of accessory parcel, and location of accessory parcel.

Image below is a sample of how it's calculated:

user posted image

The SiFU came about because the argument is that owners of big size units and/or units with more accessory parcels are disproportionately both paying much higher amount of maintenance fees overall and also have more "weight" behind their votes in AGM, while smaller units pay significantly less even though maybe a development has many more of the smaller units so theoretically the small units will "use" more facilities.

This post has been edited by DragonReine: Mar 8 2024, 06:05 PM
DragonReine
post Mar 8 2024, 06:10 PM

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QUOTE(Cavatzu @ Mar 8 2024, 04:40 PM)
That’s around 30% increase. Very big chunk of change for what still looks like a very average investment property.
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The increase in ICPT and water increases multiplicatively. So while it may seem like a small number, when applied to common area usage of electricity and water, the cost will increase very dramatically.

Moreso when common area facilities like changing rooms, toilets, pools, view deck lights etc. consume a significant chunk of utilities costs that all unit owners are forced to share, because especially in investment property, tourists are unlikely to care about wasting water or electricity.

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