Trion 2 is a very different product. No shops, limited visitor friendly area. Even my agent from Binastra said Trion 2 is not good for Airbnb, the proposed security measures and no attached retail makes it inconvenient for Airbnb. They tried to target well-to-do homeowners or young families looking for own staying near CBD but can't afford or don't want to buy 1k+ psf units.

This post has been edited by DragonReine: Feb 28 2024, 03:27 PM

The facilities do look great. 600 units on 2.25 acres is about the Standard high dense TOD development nowadays. The saving grace is that the units are on the smaller side. I wonder if this is an ongoing trend where newly VP units will mark up management fees due to increased costs and/or weak ringgit.

Word on the street is that management fees are trending upwards from labor and electricity increase, so it checks out.

More so if there's excessive number of pools.

Actually looking at the layouts which are small and mainly dual key. This is still mainly an investment product. The average rental income and high management fees will be a problem for some.

making dual key unit but not allowed to do airbnb
lol

Predict investors either need to force to target expat market or white collar execs.

Don’t think that’s forced. It’s a dream scenario to get expat tenants who are generally civic minded, tidy and can pay above market. They generally want to be in a community of like-minded people and somewhere they can jog etc. do outdoor activities or super high end. This isn’t it.

Most likely you’re subsidising young locals who need a place close to town with some really nice amenities. The only way for you to compete with all the Cheras developments is to be cheaper.

this chan sow lin over supplied with no amenities. standby lelong kaw kaw.

whole chan sow lin only got 4 serviced apartment

if lelong you can see a lot at bukit jalil, that 1 is really over supplied
kek

Don’t forget Razak City is closeby. Tonnes of options in the vicinity.

that 1 is sungai besi already

Trion 1&2 is chan sow lin

Trion 2 is slaughtering the homeowner by hiking the maintenance fee drastically between 30% - 40%...

What was told in the SPA signing was a scam

i saw trion 1 having mgmt fee hiking, trion 2 same? Actually how much psf now?

I believe it was quoted as 0.60 psf. That’s almost T20 level of condo.

This is common, newbie will believe what is being told. Seasoned investors know whatever rate they quote only last initial 2 to 3 yrs, then will ask for hike during AGM. If u been in JMB or MC, you will know what is the feasible budget per psf. 95%+ owner do not know the feasible rate as most refuse to be in the JMB or MC.

Is the TNB rate commercial too for the units?

The fees will go up even more when there are many defaulters or fund insufficient to cover the fancy facilities maintenance. End up facilities deteriorate when insufficient fund, then building goes into slow death. Look at Arte MK. Similar will happen to other Arte.

You’d expect the rates to only go up once your own JMB is formed and passed over from developer. This is right at VP. Bit of a bad taste there. I thought developer would cross subsidise for a bit at least.

Commercial under HDA so you apply to switch to residential rate I suppose.

I think mid range units really need to build with sustainability in mind. Target maintenance at 40c max maybe a bit more if it’s all small units.

This post has been edited by Cavatzu: Mar 19 2024, 08:27 AM

in spa wouldnt state how much is maintenance fees, but indeed not yet take keys then hike maintenance fees

Seems like Binastra "provided" a shuttle van for Trion 2.



This post has been edited by DragonReine: May 2 2024, 11:04 AM

lol why shuttle to trion 1